The Share Centre opts for LogRhythm solution for compliance and network management capabilities
Retail stockbrokers The Share Centre has deployed a log management and security information and event management (SIEM) solution from LogRhythm.
The solution has been installed to ensure compliance with the PCI DSS regulations and for website, network management and security best practice.
IT infrastructure manager at The Share Centre Giles Roberts said that previously the company's IT team was required to manually review all log data in order to identify and scrutinise anomalies, as well as work out which data related to which security event.
This process had become increasingly time-consuming and the company needed an easier to use, automated solution capable of providing real-time monitoring, as well as a consolidated overview of all events.
Roberts said: “As a retail stockbroker, our reputation depends on our ability to handle confidential information safely and in compliance with our regulatory obligations; we cannot afford mishaps.”
Section ten of the PCI DSS requires the tracking and monitoring of all access to network resources and cardholder data. Roberts explained that data feeds into the LogRhythm console and access can be monitored. “We have a key machine where we hold our key cardholder data and if a login is attempted it is flagged up, the console put this rule in place,” he said.
“We have the LogRhythm console on display all of the time and it shows alerts up. We run our own website from here and if a customer puts in credit card data to put money into their account we have to make sure that the money goes back to the original source to keep within money laundering rules and the only way of doing that is to keep the card details that the money came from.
“It is not just a data store, it also has a rules engine and data mining capabilities and it takes lots of data sources. We have been running with this for three to four months so we are still working our way around this.”
Ross Brewer, vice president and managing director of international markets at LogRhythm, said: “With the latest version of PCI and PA DSS mandating centralised log management, the regulatory requirements for companies such as The Share Centre are becoming ever-more rigorous.
“By adopting a LogRhythm solution, The Share Centre hasn't just improved its security and compliance processes, it has gained powerful insight into the efficiency of its whole IT operations. The new solution will also help the company overcome future challenges, including achieving ISO 27001 compliance and meeting external IT audit criteria.”