SpaceNet AG, the Munich-based provider of managed IT services, is significantly expanding its security portfolio through the use of LogRhythm’s NextGen SIEM platform to provide advanced cybersecurity protection for its customers across Germany and beyond. The solution will particularly benefit small and medium-sized enterprises that operate without an internal IT department or their own IT security officer. Such companies are especially vulnerable to emerging cyberthreats and greater damage due to delays in responding to attacks on their IT systems. LogRhythm’s SIEM platform enables organisations to detect and defend themselves against security threats cost-effectively, efficiently and in real time.
SpaceNet is deploying LogRhythm’s SIEM platform to enhance its IT security portfolio for its customers. The platform enables SpaceNet to significantly shorten the time needed to identify and respond to threats and minimise the impact of the attack for organisations across Germany.
“According to estimates by the Cologne Institute for Economic Research, cyberattacks on home office workplaces cost German companies approximately €53 billion during the pandemic. According to Hiscox, companies paid an average of circa €21,800 per successful attack in the process”, said Kev Eley, VP Sales for Europe, LogRhythm. “Our NextGen SIEM platform enables SpaceNet to offer its customers a holistic security approach that detects and prevents cybersecurity blind spots and responds to threats accordingly, preventatively and cleverly.”
“As an enterprise cloud provider, we have seen a sharp increase during the past year in sophisticated cyberattacks and security breaches – not only on our own infrastructure, but also and more importantly on our customers’ infrastructure. IT security should be a priority for every managing director or company officer because it is the only way that companies can remain able to work and continue to be productive”, explained Michael Emmer, CEO of SpaceNet AG. “Our partnership with LogRhythm and our use of its NextGen SIEM platform positions us to offer the best data protection–compliant IT security solution for our small and medium-sized enterprise customers. This enables them to arm themselves against cyberattacks and to simultaneously know that their data is stored access-proof in our own Munich data centre.”
LogRhythm’s SIEM platform provides SpaceNet and its customers with comprehensive capabilities to monitor and investigate threats. The holistic solution innovatively combines preventive threat hunting, analysis of normal user behaviour (UEBA) and immediate detection of abnormal behaviour with telecommunication-network analysis (NTBA). Security orchestration, automation & response (SOAR) enables the company’s own IT system to mitigate attacks automatically and without human intervention.
SpaceNet’s customers can centrally collect log data and use this data to detect unusual behaviour and data flows. The LogRhythm SIEM solution is hosted in German data centres and in compliance with data protection regulations. Companies gain the ability to optimise their entire IT and internal security processes so they can identify potential threats, proactively combat those threats and – if worse comes to worst – respond in real time.
