VeriSign Introduces the First Fully-managed
Service to Collect, Analyze, Store and Alert on Logs
Service enables broader compliance and more comprehensive security
and significantly reduces costs associated with traditional solutions
MOUNTAIN VIEW, CA., September 7, 2006 – VeriSign, Inc., (NASDAQ:
VRSN), the leading provider of intelligent infrastructure services for
Internet and telecommunications networks, today announced the VeriSign®
Log Management Service, which helps address the complexities associated
with monitoring, analyzing, 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 analyze 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, analyze, 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.”
"Centralized logging and monitoring of application-level
events [are] being driven by regulatory compliance, highly publicized
data theft incidents, the changing nature of vulnerabilities and targeted
application-level attacks,” said Amrit T. Williams, research director
for Gartner. “Organizations should implement solutions in support of
centralized 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
centralized 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 analyzing 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; and
- 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.com/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.com
For more information, contact:
VeriSign Media Relations: Monisha Khanna, mkhanna@verisign.com,
650-426-4522
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
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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