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Press Release |
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VeriSign Announces Log Management Service
Service enables broader compliance and more comprehensive security
and significantly reduces costs associated with traditional solutions
MOUNTAIN VIEW, CA., 18 September 2006 – VeriSign, Inc., (NASDAQ:
VRSN), the leading provider of intelligent infrastructure for the networked
world, today announced the VeriSign® Log Management Service, which helps
address the complexities associated with monitoring, analysing, retaining,
and storing logs from databases and other critical infrastructure.
Log Monitoring is a critical requirement for any company
that falls under regulatory and industry requirements. The VeriSign
Log Management Service provides customers with the ability to log, track,
and analyse user and system activity, helping them to more rapidly prevent,
detect and respond to security breaches.
“VeriSign has a long history of monitoring network
and operating system log data. With this service we are extending our
managed security services to the application level,” said Chris Babel,
vice president and general manager for VeriSign® Managed Security Services.
“This service will provide a solution for a much broader range of data
types which allows us to address a large and growing market for both
compliance and security that is not currently addressed by service providers.”
The VeriSign Log Management Service will offer broader
support for log inputs from operating systems, databases, and applications.
It also provides a service-based approach to monitoring custom applications
and other sources that do not have defined types of suspicious events.
“As a current VeriSign log monitoring customer, VeriSign’s
ability to collect, analyse, store, and alert on security logs from
our network devices and critical hosts helps us meet security and compliance
requirements,” said Debra Ann Eichholtz, manager, Information Assurance,
PPL Corp. “We are excited about the benefits that will be provided by
extending this service to include applications and a much broader range
of devices.
"Centralised logging and monitoring of application-level
events [are] being driven by regulatory compliance, highly publicised
data theft incidents, the changing nature of vulnerabilities and targeted
application-level attacks,” said Amrit T. Williams, research director
for Gartner. “Organisations should implement solutions in support of
centralised application-level monitoring and logging." (Recommendations
for Security Administration, Amrit T. Williams et al, February 2006).
The VeriSign Log Management Service leverages technology
from LogLogic that will include an optional on-premise solution where
raw logs are stored at the customer site, with alerts sent to VeriSign’s
centralised Security Operation Center (SOC) for ticketing, analysis,
and response. VeriSign will continue to offer a hosted solution where
all log data is stored in VeriSign’s infrastructure. Reporting via the
VeriSign Enterprise Security Portal will allow customers to see events
that have been captured and allow for reports to be assigned to users
who sign-off once they have completed their review to help with audit
activities.
According to Forrester Research, “Most security professionals
still spend a good deal of their time analysing technical threats, and
how to use technology to counter them. Security folks still need to
make sure logs are examined, vulnerabilities are identified, and systems
are protected.” (“Bridging the Security Divide” Forrester Research,
January 2006).
Key Benefits of VeriSign Log Management Service include:
- Ability to have
data sources monitored 24x7x365
- Ability to meet
compliance requirements for log monitoring and retention
- Real-time correlation
and analysis
- Ability to leverage
VeriSign’s consulting and engineering teams to implement solutions for
a broad range of log sources
Pricing will be a monthly service fee based on the
number of log inputs, volume, and storage requirements.
For more information on VeriSign® Log Management Service,
please go to:
http://www.verisign.com/mss/logmanagement
For additional information on VeriSign Managed Security
Services, please visit:
http://www.verisign.co.uk/managed-security-services/index.html
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates intelligent infrastructure
services that enable and protect billions of interactions every day
across the world’s voice and data networks. Additional news and information
about the company is available at www.verisign.co.uk
For more information, contact:
Victoria Henry, Corporate Communications Manager EMEA, Verisign vhenry@verisign.com,
+44 (0) 20 8600 0723
Hill & Knowlton Media Relations for VeriSign; ksaunders@hillandknowlton.com
+44207 413 3193
Statements in this announcement other than historical
data and information constitute forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E
of the Securities Exchange Act of 1934. These statements involve risks
and uncertainties that could cause VeriSign's actual results to differ
materially from those stated or implied by such forward-looking statements.
The potential risks and uncertainties include, among others, the uncertainty
of future revenue and profitability and potential fluctuations in quarterly
operating results due to such factors as the inability of VeriSign to
successfully develop and market new products and services and customer
acceptance of any new products or services, including VeriSign's Log
Management Service; the possibility that VeriSign’s announced new services
may not result in additional customers, profits or revenues; and increased
competition and pricing pressures. More information about potential
factors that could affect the company's business and financial results
is included in VeriSign's filings with the Securities and Exchange Commission,
including in the company's Annual Report on Form 10-K for the year ended
December 31, 2005 and quarterly reports on Form 10-Q. VeriSign undertakes
no obligation to update any of the forward-looking statements after
the date of this press release.
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