IPSec Guard, a new 24/7 information security monitoring service powered by LogRhythm, has been launched for Australian businesses of all sizes.

The 24/7 security operations centre (SOC) brings together IPSec's managed services capabilities and LogRhythm's security intelligence and analytics.

The result is a managed SOC with security information and event management (SIEM) capabilities, and a suite of value-add professional services, including maintenance, notifications and security incident management support, IPSec says.

The continual rise in cyber attack frequency - and the costs associated with resolving cyber incidents - is now a risk for organisations of all sizes, IPSec says.

As such, avoiding material breaches or high-impact cyber incidents requires early detection and rapid, efficient and precise responses, the company says.

To provide this, IPSec Guard delivers SIEM capabilities through 24/7 monitoring and real-time analysis of security alerts to organisations.

Furthermore, LogRhythm's Security Intelligence Platform provides the IPSec Guard service with data processing and breach identification capabilities.

Organisations can create custom information security dashboards and navigate from their dashboard, through correlated events, to log analysis in real time. Self-service dashboards are complemented by IPSec's Melbourne-based managed SOC.

If or when IPSec Guard detects a breach, it notifies the customer, provides a security incident response and assists with security incident management.

“While most organisations have some sort of device monitoring in place, most are not paying attention to their log data. By leveraging the power of LogRhythm, the IPSec Guard service takes the blinkers off for organisations who, until now, have had no visibility into vast amounts of data until it is too late," says Simon Howe, LogRhythm director of sales ANZ.

“We are proud to partner with IPSec as it extends its SOC managed services offering to provide a virtual security infrastructure that delivers greater information security capabilities to more organisations regardless of size,” he says.

IPSec says it selected LogRhythm as its partner following an extensive 18-month assessment of all major SIEM solutions providers, including all Gartner Magic Quadrant Leaders.

"We assessed every solution for performance, total cost of ownership (TCO) and usability and the only solution that met all our technical requirements and provided very strong value and TCO was LogRhythm,” says Benjamin Robson IPSec director of operations.

“The very robust TCO for LogRhythm allows us to deliver IPSec Guard to a business tier that would otherwise struggle to maintain a SIEM solution with 24/7 response capabilities.

 “IPSec Guard was architected to provide a compelling value proposition for organisations of any size that are concerned about the privacy of the data they hold, from large enterprises to small to medium sized businesses with a handful of seats, particularly those working with payments, finance, accounting and customer data,” he says.