Organizations are facing increasing threats from cybercrime, and it’s only getting worse as criminals get more sophisticated and data increases exponentially. In fact, there has been a 300% increase in reported cybercrimes in just the last two years alone.

When you consider that hackers only have to succeed once to spell disaster for your entire enterprise, it’s more important than ever to put a solid, multi-layered security strategy into place to protect your organization.

But where do you start? Hiring an experienced cybersecurity team is expensive at best, and impossible at worst. In this white paper, we look at the increased threats, the cost of cybercrime, and what you can do to protect your business without putting stress on your bottom line.

Want to know the Log Management Trends in 2024 and Beyond?

• CISOs face stringent government regulations, such as the current administration mandating 12-18 months of log retention.
• Chief Enterprise Architects worry that the average cost of a single enterprise service outage is $400K and the average MTTR is over 7 hrs.
• Companies such as Facebook lose $65 million and 4.8% of their stock valuation over a 5-hour outage.
• Security breaches mar organizational reputation and prove a threat to business.
• 91% of leaders agree that monitoring tools are siloed and domain-specific, complicating the log management landscape.
• VP Cloud/IT Services acknowledge the accelerated pace of digital transformation post-COVID-19 and recognize the need for more sophisticated security monitoring and SIEM adoption.
• Log management market size reaches $2.3 billion in 2021 and is expected to grow to $4.1 billion by 2026 at a CAGR of 11.9%.