Streamlined and converged cyber security
Logpoint at a glance
LogPoint is a cybersecurity company that provides next-generation SIEM (Security Information and Event Management) and UEBA (User and Entity Behavior Analytics) solutions for > 700 organizations across +50 countries to protect themselves against cyber threats. The company's platform ingests and analyzes massive amounts of data from across an organization's network, applications, and endpoints to identify and respond to threats in real-time. By leveraging machine learning and automation, LogPoint helps its customers detect and prevent cyberattacks, comply with regulations, and gain visibility into their security posture. In addition to its core offerings, LogPoint also provides solutions for cloud security, vulnerability management, and more.
The challenges we face
Increasing global risk of cyberattacks and damage caused by cybercrime as well as other forms of criminal activities (e.g., extortion, fraud, etc.). Annual number of ransomware attacks worldwide (in USDm) grew from ~190 to ~600 between ’19-‘21. Global monetary damage caused by cybercrime (in USDbn) grew from ~3.5 to ~7.0 between ’19-‘21.
What is the outcome?
LogPoint offers a single platform unifying the foundational cybersecurity tech stack, arming the security team with automation and precision to solve complex cybersecurity issues and efficiently mitigate threats, resulting in a safer organization. LogPoint allows its customers real-time surveillance and alerting of threats, enabling them to act on suspicious activities in real-time. Enables early threat detection, reporting and resolution, which is essential to GDPR reporting requirements. Furthermore, helps meet emerging EU standards: Digital Operational Resiliency & Critical Entites Resiliency, under Network & Inf. Sec. Directive 2.
Who are the stakeholders?
The core stakeholders of LogPoint’s product are organizations, governments, and critical infrastructure. By using LogPoint’s solutions, the various stakeholders can provide better cyber security protection for their end users (e.g., employees, inhabitants etc.) and thus reducing the negative impact on society.
How big is the effect, and does it last?
LogPoint helps its >700 customers in Europe better protect their data. Impact grows with size of customer base but particularly in critical infrastructure, financial institutions, gov. agencies, educational institutions and other areas that safeguard/enable important social outcomes.
If Logpoint didn’t exist...
LogPoint is the only European player offering the highest level of SIEM certification and without access to customer data. This is an important point of differentiation outside US security services standards collection scope, and it meets top EU requirements. Offering high product standards to small- to medium-sized enterprises that are otherwise exposed and increasingly vulnerable; this is in turn important to general cyber security as covering numerous SMEs bolsters network effects for security.
Impact risk: what can go wrong?
Risks of LogPoint not delivering the desired impact include less usage of the platform, stagnating growth in new customers and technological complications. LogPoint manages sensitive data. As such, data privacy and security are of paramount importance and must be safeguarded.