Finance Industry Customers Helped Drive Largest User Conference in Company’s 16-Year History
Boulder, CO — September 17, 2019 — LogRhythm, the company powering the world’s most modern enterprise security operations centers (SOCs), announced over a 100 percent increase in customer participation at its 2019 RhythmWorld user conference. Ninety-three percent of attendees indicated via post-event survey that they gained value on their investment by attending LogRhythm’s third annual user conference, enhancing their understanding and usage of the LogRhythm NextGen SIEM Platform. A notable representation of attendees was from the financial sector, as market realities continue to drive advanced security requirements.
The need to quickly identify and respond to threats is of particular significance in this sector. A report from LogRhythm partners Optiv Security and Carbon Black recently revealed, “destructive attacks have increased 160 percent over the past year” in the financial industry. RhythmWorld provides educational sessions for attendees to best learn how to defend against the threats that target their organizations, with the most popular focusing on LogRhythm’s module aligned with MITRE’s Adversarial Tactics, Techniques, and Common Knowledge (ATT&CK™) matrix.
Released earlier this year, LogRhythm’s ATT&CK module includes predefined correlation rules and dashboard content designed to detect specific tactics, techniques, and procedures (TTPs) as categorized by MITRE, which the organization often associates with specific adversarial groups. For example, customers can implement a rule to detect technique T1189 — a drive-by compromise. This technique is associated with both APT19 and APT38, two threat groups that have been known to target financial organizations. Specifically, they each used this technique to execute watering hole attacks — which over one-fifth of financial institutions reported suffering from in Optiv and Carbon Black’s report.
“The attack landscape has become so fluid that change is its only constant, thus it’s vital for me to review and select the best technologies and effective practices to stave off the unending threats,” said Jack Callaghan, senior security consultant, Pulte Financial Services. “As a second-year attendee of RhythmWorld, I continue to find every session, hallway meeting, and chance discussion over dinner as an opportunity to gain insights into new threats, as well as new uses and best practices for the LogRhythm Platform. I can’t recommend more highly the overt and intrinsic value of attending RhythmWorld. Missing it means losing the chance to establish person-to-person relationships that maintain a high-trust relationship between the individual customer and LogRhythm.”
LogRhythm began its RhythmWorld conference series in 2017 to enable its users to engage in peer-to-peer learning, discover security trends and best practices, and help its users maximize their knowledge and use of the LogRhythm NextGen SIEM Platform. This year, it expanded upon that goal. In addition to offering standard sessions to improve platform familiarity, LogRhythm introduced new hands-on opportunities to dive deeper into the platform, such as lab sessions hosted by platform engineers and an expanded capture the flag event. Furthermore, attendees could earn Continuing Professional Education (CPE) credits for attending various sessions, helping them maintain industry certifications.
“RhythmWorld is a time for learning, and we’re thrilled that our users had opportunities to gain knowledge applicable to the greater cybersecurity industry in addition to our platform,” said Mark Logan, CEO, LogRhythm. RhythmWorld is fast becoming the standard among SOCs for education and sharing of knowledge and best practices.”
This announcement comes shortly before LogRhythm is expected to share new options for how customers can purchase and implement the LogRhythm Platform. To get the news as soon as it’s available, please subscribe to the LogRhythm blog. And for information on next year’s RhythmWorld event, please check the website, which will be updated with 2020 dates and scheduling information when available.
LogRhythm is a world leader in NextGen SIEM, empowering thousands of enterprises on six continents to successfully reduce cyber and operational risk by rapidly detecting, responding to and neutralizing damaging cyberthreats. The LogRhythm NextGen SIEM Platform combines advanced security analytics; user and entity behavior analytics (UEBA); network detection and response (NDR); and security orchestration, automation, and response (SOAR) in a single end-to-end solution. LogRhythm’s technology serves as the foundation for the world’s most modern enterprise security operations centers (SOCs), helping customers measurably secure their cloud, physical, and virtual infrastructures for both IT and OT environments. Built for security professionals by security professionals, the LogRhythm NextGen SIEM Platform has won countless customer and industry accolades. For more information, visit logrhythm.com.