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Why Banks Are Moving to Log Management
Banking Information Security magazine is covering the emerging trend in log management as it makes it way through the banking sector. They profile LogLogic cusomer, Citizens & Northern Bank, a $1.2B bank out of Pennsylvania, that has made log management a requirement for meeting compliance mandates with Gramm-Leach-Bliley and Sarbanes-Oxley. Using log management, the bank's auditors now have a way to easily track and monitor log data and get compliant fast.
Citizen's Bank learned early on what other G2000 companies are now realizing -- log management is inceasingly becoming the weapon of choice in the quest for compliance. Banking, an industry known for security and scrutiny of IT products is joining a growing trend of deploying log management for security, forensics, loss prevention and compliance. Why? As the article explains, the Industry's Federal Financial Institutions Examination Council (FFIEC) says that "without real log management, organizations are out of compliance and at risk" and calls on companies to monitor their log data. From the article,
"As administrators responsible for various network devices and operating systems, we need to know what typical behavior is," says Pete Boergermann, head of MIS at Citizens & Northern. "When we look at events, we are more apt to know what we are looking at and respond."
Read more about Citizen and Northern Bank's log management deployment in this SANS What Works case study from last year. Log Management and Intelligence is on the IT and business agenda. Industry trends are available in the just-released market survey on log management adoption. The LogLogic-sponsored research study with the SANS Institute is available for preview here or join us with SANS for a presentation of the trend at a joint webcast.
The complete article is at Banking Information Security, please note that registration may be required.
Posted June 04, 2007 in Compliance , Log Management & Intelligence , Risk Management , Security | Permalink
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