REDWOOD CITY, Calif., Could 11, 2020 (GLOBE NEWSWIRE) — Sumo Logic, the chief in steady intelligence, in the present day introduced that international 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 keep full visibility of its international cryptocurrency trade and detect any potential threats, whereas supporting a globally distributed workforce and multi-cloud expertise stack.
Based in 2014, Liquid gives buying and selling, trade and next-generation monetary companies powered by blockchain expertise. With a mission to raise cryptocurrency as a mainstream type of cost, the platform provides 180 completely different cryptocurrencies and powers 1.three billion transactions every day by its platform. As a completely trendy group, Liquid doesn’t function any on-premise or software program. All of its expertise is developed and deployed within the cloud by Amazon Net Providers (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 info safety officer, Liquid. “Whereas the overwhelming majority of our visitors is legit, a big proportion comes from cyber teams who’re searching for alternatives to breach our platform. We wanted so as to add real-time safety intelligence to observe and analyze our log information as a part of our already strong 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, straightforward setup, aggressive pricing and excellent help. Immediately, 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 information analytics and log monitoring processes to shortly determine, 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 workforce is now capable of be extra proactive in figuring out potential threats.
“As we proceed to function in a really difficult atmosphere, Sumo Logic gives us with important info we have to defend our techniques, information and clients,” mentioned Mullins. “Cloud SIEM has develop into a vital a part of our enterprise and expertise structure that has enabled us to provide our clients confidence as a extremely safe regulated trade.”
Constructed on Sumo Logic’s Steady Intelligence Platform™, the Cloud SIEM and Cloud SIEM Enterprise options deal with the challenges dealing with in the present day’s trendy safety operations heart (SOC). Its cloud-native, multi-tenant, elastic scale method helps break silos which hinder trendy safety workflows by enabling safety, IT and DevOps groups to collaborate with frequent analytics and workflow.
“The monetary companies trade is a extremely regulated atmosphere and cryptocurrency exchanges are answerable for a considerable quantity of delicate information 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 trendy companies with ever-expanding digital surfaces, to offer a holistic view of the menace panorama permitting them to shortly mitigate threat 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 pacesetter in steady intelligence, a brand new class of software program, which allows organizations of all sizes deal with the info challenges and alternatives introduced by digital transformation, trendy functions, and cloud computing. The Sumo Logic Steady Intelligence Platform™ automates the gathering, ingestion, and evaluation of utility, infrastructure, safety, and IoT information to derive actionable insights inside seconds. Greater than 2,000 clients all over the world depend on Sumo Logic to construct, run, and safe their trendy functions 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 primarily based 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 World Administration. For extra info, go to www.sumologic.com.
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