REDWOOD CITY, Calif., Could 11, 2020 (GLOBE NEWSWIRE) — Sumo Logic, the chief in steady intelligence, at present introduced that world cryptocurrency platform, Liquid.com (Liquid), has chosen Sumo Logic Cloud SIEM to offer real-time safety intelligence and insights to bolster utility safety and compliance for its main platform which processes a couple of billion transactions a day. By leveraging Sumo Logic Cloud SIEM, Liquid is ready to preserve full visibility of its world cryptocurrency change and detect any potential threats, whereas supporting a globally distributed group and multi-cloud expertise stack.
Based in 2014, Liquid supplies buying and selling, change and next-generation monetary providers powered by blockchain expertise. With a mission to raise cryptocurrency as a mainstream type of fee, the platform presents 180 completely different cryptocurrencies and powers 1.three billion transactions each day by way of its platform. As a completely fashionable group, Liquid doesn’t function any on-premise or software program. All of its expertise is developed and deployed within the cloud by way of Amazon Net Companies (AWS), Google Cloud Platform (GCP) and Heroku.
“Our platform receives greater than a billion guests every week from our web site and cell app,” mentioned Michael Mullins, chief data safety officer, Liquid. “Whereas the overwhelming majority of our site visitors is reliable, a big proportion comes from cyber teams who’re on the lookout for alternatives to breach our platform. We would have liked so as to add real-time safety intelligence to observe and analyze our log knowledge as a part of our already sturdy safety program to guard our operations and intensive utility portfolio and that’s the place Sumo Logic is available in.”
After an in depth analysis, Liquid chosen Sumo Logic’s Cloud SIEM answer due to its intensive integration capabilities, simple setup, aggressive pricing and excellent help. At present, varied groups throughout Liquid leverage the continual intelligence delivered by Sumo Logic to make sure transaction legitimacy and safety. With Sumo Logic, Liquid is ready to automate its knowledge analytics and log monitoring processes to rapidly establish, examine and remediate fraudulent transactions and potential API vulnerabilities earlier than it may be exploited. With the time and sources saved due to Sumo Logic, Liquid’s safety group is now capable of be extra proactive in figuring out potential threats.
“As we proceed to function in a really difficult atmosphere, Sumo Logic supplies us with essential data we have to defend our methods, knowledge and prospects,” mentioned Mullins. “Cloud SIEM has turn out to be an important a part of our enterprise and expertise structure that has enabled us to present our prospects confidence as a extremely safe regulated change.”
Constructed on Sumo Logic’s Steady Intelligence Platform™, the Cloud SIEM and Cloud SIEM Enterprise options deal with the challenges going through at present’s fashionable safety operations middle (SOC). Its cloud-native, multi-tenant, elastic scale method helps break silos which hinder fashionable safety workflows by enabling safety, IT and DevOps groups to collaborate with widespread analytics and workflow.
“The monetary providers business is a extremely regulated atmosphere and cryptocurrency exchanges are accountable for a considerable quantity of delicate knowledge that must be secured,” mentioned Greg Martin, VP and normal supervisor, safety enterprise unit, Sumo Logic. “Our work with Liquid illustrates the worth of steady intelligence for scaling fashionable companies with ever-expanding digital surfaces, to offer a holistic view of the menace panorama permitting them to rapidly mitigate danger to allow them to proceed to speed up their processes and conduct enterprise successfully.”
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About Sumo Logic
Sumo Logic is a frontrunner in steady intelligence, a brand new class of software program, which permits organizations of all sizes deal with the information challenges and alternatives introduced by digital transformation, fashionable purposes, and cloud computing. The Sumo Logic Steady Intelligence Platform™ automates the gathering, ingestion, and evaluation of utility, infrastructure, safety, and IoT knowledge to derive actionable insights inside seconds. Greater than 2,000 prospects all over the world depend on Sumo Logic to construct, run, and safe their fashionable purposes and cloud infrastructures. Solely Sumo Logic delivers its platform as a real, multi-tenant SaaS structure, throughout a number of use-cases, enabling companies to thrive within the Intelligence Economic system.
Based in 2010, Sumo Logic is a privately held firm based mostly in Redwood Metropolis, California, and is backed by Accel Companions, Battery Ventures, DFJ Development, Franklin Templeton, Greylock Companions, IVP, Sapphire Ventures, Sequoia Capital, Sutter Hill Ventures, and Tiger International Administration. For extra data, go to www.sumologic.com.
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