IT Systems Management

Logpoint poll highlights extent of insecure and unmonitored business-critical systems

Logpoint
Logpoint has today announced findings from a recent poll to uncover the security and cost implications enterprises face with their existing IT infrastructure. The poll, issued on Twitter, was targeted at cybersecurity and IT professionals in both the US and UK.

The poll revealed the extent of insecure and unmonitored business-critical systems, with 40 percent noting that they do not include business-critical systems such as SAP in their cybersecurity monitoring. In addition, a further 27 percent were unsure if it was included in their cybersecurity monitoring at all. This is concerning given that SAP serves as the core system behind every aspect of business operations. Not including this in the centralized security monitoring solution leaves organizations vulnerable and exposed to the risk of cyber threats.

"Considering that 77 percent of global transactions touch an SAP system, protecting it against cyber-attacks is vital. Organizations store their most critical assets within SAP, and this data must be protected. SAP systems require extensive protection and security monitoring, and businesses need to ensure they have an integrated security operations platform that monitors all IT infrastructure to ensure they have complete visibility into their SAP system" said Andrew Lintell, Logpoint VP for EMEA.

Furthermore, when asked how they currently review SAP logs for cybersecurity events or cyber threat activity, almost 30 percent of respondents admitted to not reviewing SAP logs in any way, and again, nearly 30 percent said they didn't know if this was being monitored. Failure to do so can create a blind spot for businesses and make it challenging to detect and quickly respond to fraud and threats within SAP.

To add to this, only 23 percent said the process of reviewing SAP logs for cybersecurity events or cyber threat activity was automated through SIEM, with almost 19 percent still doing so manually.

"Bringing SAP systems under the remit of cybersecurity solutions can massively reduce the security risks and provide logs to aid any audit processes. Accommodating it within the SIEM, for example, can enable these applications to benefit from automation and continuous monitoring, as well as coordinated threat detection and response with log storage and log management, to assist in subsequent investigations," commented Lintell.

"The problem though, is that businesses are trying to fill the gaps in their cybersecurity stacks by devoting more spend to a growing litany of cloud security products, with many toolsets and features going unused or resulting in configuration failure and, ultimately, data breaches that could be avoided," Lintell added.

For those businesses looking to invest in cloud security, a near 40 percent of respondents regarded software licensing in the cloud as too expensive, with 24 percent declaring it led to unknown future costs. Lock-in or lack of control with software licensing was also flagged as an issue by 22 percent, along with a lack of user-based licensing options by 14 percent, as the predominant model of charging is data usage-based.

Lintell commented - "Businesses must continue to build out their cloud presence, and the market is seeing some natural consolidation as complementary technologies such as SIEM and SOAR converge. There are cost-effective options available, and a SaaS all-in-one solution can limit the costs associated with licensing, particularly if it's based on the number of devices sending data rather than on the volume of your data, which is where businesses are seeing costs escalate".

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dxFeed Launches Market Data IaaS Project for Tradu, Assumes Infrastructure and Data Provision Responsibilities

PR Newswire | January 25, 2024

dxFeed, a global leader in data solutions and index management for the financial industry, announces the launch of an Infrastructure as a Service (IaaS) project for Tradu, an advanced multi-asset trading platform catering to active traders and investors. In this venture, dxFeed manages the crucial aspects of infrastructure and data provision for Tradu. As an award-winning IaaS provider (the Best Infrastructure Provider by the Sell-Side Technology Awards 2023), dxFeed is poised to address all technical challenges related to market data delivery to hundreds of thousands of end users, allowing Tradu to focus on its core business objectives. Users worldwide can seamlessly connect to Tradu's platform, receiving authorization tokens for access to high-quality market data from the EU, US, Hong Kong, and Australian Exchanges. This approach eliminates the complexities and bottlenecks associated with building, maintaining, and scaling the infrastructure required for such extensive global data access. dxFeed's scalable low latency infrastructure ensures the delivery of consolidated and top-notch market data from diverse sources to the clients located in Asia, Americas and Europe. With the ability to rapidly reconfigure and accommodate the growing performance demands, dxFeed is equipped to serve hundreds of thousands of concurrent clients, with the potential to scale the solution even further in order to meet the constantly growing demand, at the same time providing a seamless and reliable experience. One of the highlights of this collaboration is the introduction of brand-new data feed services exclusively for Tradu's Stocks platform. This proprietary solution enhances Tradu's offerings and demonstrates dxFeed's commitment to delivering tailored and innovative solutions. Tradu also benefits from dxFeed's Stocks Radar—a comprehensive technical and fundamental market analysis solution. This Software as a Service (SaaS) seamlessly integrates with infrastructure, offering added value to traders and investors by simplifying complex analytical tasks. Moreover, Tradu leverages the advantages of dxFeed's composite feed (the winner at The Technical Analyst Awards). This accolade reinforces dxFeed's commitment to delivering excellence in data provision, further solidifying Tradu's position as a global leader in online foreign exchange. "When we were thinking of our new sophisticated multi-asset trading platform for the active trader and investors we met with the necessity of expanding instrument and user numbers. We realized we needed a highly competent, professional team to deploy the infrastructure, taking into account the peculiarities of our processes and services," said Brendan Callan, CEO of Tradu. "On the one hand, it allows our clients to receive quality consolidating data from multiple sources. On the other hand, as a leading global provider of online foreign exchange, we can dispose of dxFeed's geo-scalable infrastructure and perform rapid reconfiguration to meet growing performance demands to provide data to hundreds of thousands of our clients around the globe." "The range of businesses finding the Market Data IaaS (Infrastructure as a Service) model appealing continues to expand. This approach is gaining traction among various enterprises, from agile startups seeking rapid development to established, prominent brands acknowledging the strategic benefits of delegating market data infrastructure to specialized firms," said Oleg Solodukhin, CEO of dxFeed. By taking on the responsibilities of infrastructure and data provision, dxFeed empowers Tradu to focus on innovation and client satisfaction, setting the stage for a transformative journey in the dynamic world of financial trading. About dxFeed dxFeed is a leading market data and services provider and calculation agent for the capital markets industry. According to the WatersTechnology 2022 IMD & IRD awards honors, it's the "Most Innovative Market Data Project." dxFeed focuses primarily on delivering financial information and services to buy- and sell-side institutions in global markets, both traditional and crypto. That includes brokerages, prop traders, exchanges, individuals (traders, quants, and portfolio managers), and academia (educational institutions and researchers). Follow us on Twitter, Facebook, and LinkedIn. Contact dxFeed: pr@dxfeed.com About Tradu Tradu is headquartered in London with offices around the world. The global Tradu team speaks more than two dozen languages and prides itself on its responsive and helpful client support. Stratos also operates FXCM, an FX and CFD platform founded in 1999. Stratos will continue to offer FXCM services alongside Tradu's multi-asset platform.

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