EiQ Networks Launches SOCVue Service To Address Industry-wide SIEM Operational Complexity And Security Professional Shortage

PRESS RELEASE

Acton, Mass., April 30, 2013 – EiQ Networks, a pioneer in simplified security, risk and compliance solutions, today announced the introduction of SOCVue, a new remote management service offering that offers a cost-effective option for resource constrained organizations to deploy and operate leading next- generation SIEM and Log Management solutions. With this development organizations can now leverage EiQ's SOC team expertise and knowledge to protect against cyber attacks and APTs while meeting regulatory mandates such as PCI-DSS, HIPAA, SOX, etc. without the burden of having a dedicated team of security, SIEM and log management analysts.

"Organizations are struggling to find qualified security professionals to monitor their environments for security and compliance issues, as well as finding the time and funding required for these types of resources within the organization," said Larry Wilson, information security lead at University of Massachusetts. "It's refreshing for a company like EiQ Networks to help resolve this industry-wide dilemma with its latest offering, SOCVue."

EiQ Networks recently released results of its survey, Suffering a Case of SIEM?, that revealed managing the complexity of the product is considered the biggest headache when using SIEM, followed by lack of trained personnel to manage the product. In that same vein, a recent Enterprise Strategy Group post titled The Security Skills Shortage is Worse than You Think by Jon Oltsik indicated that 83% of enterprises claim that it is "extremely difficult" or "somewhat difficult" to recruit and/or hire security professionals in the current market. Oltsik also commented, "The data indicates that security products that offer the most intelligence, automation, and ease-of-use will win – not those with tons of complex bells-and-whistles."

SOCVue delivers:

· 24x7 monitoring of a customer's IT environment for suspicious activity, incident detection and notification by EiQ's SOC team

· Management and maintenance of the SecureVue application deployed on customer's premises

· Regular review and advice on an organization's security and compliance posture

· On-demand investigative analysis

· Delivery of compliance reports

· On premise SecureVue deployment coupled with remote management service assures sensitive log and event data does not leave an organization's premises.

A majority of breaches go undetected due to the complexities involved in correlating all security data across IT assets, inadequate security controls, and lack of actionable and timely security intelligence. According to a recent Ponemon study, it takes an average of 80 days for a company to discover a malicious breach and another four months to resolve it.

"The challenges faced by small to medium sized enterprises in hiring trained security professionals, and complexity of managing SIEM solutions coupled with the increasingly sophisticated threat landscape makes for ominous circumstances," said Vijay Basani, president and CEO at EiQ Networks. "Our goal with SOCVue is to deliver a simplified and cost effective offering for enterprises that are looking to overcome the security talent shortfall while closing the dangerous gap that can leave them vulnerable to cyber attacks."

SOCVue and the recently announced SecureVue subscription pricing are part of EiQ Networks commitment to resolve the industry-wide challenges around traditional SIEM and log management acquisition and operational complexities that were reflected in the company's recent survey findings. To learn more about EiQ Networks and its offerings, please visit: www.eiqnetworks.com

About EiQ Networks:

EiQ Networks, a pioneer in simplified security and compliance solutions, is transforming how organizations identify threats, mitigate risks and enable compliance. Our solution, SecureVue®, is a unified situational awareness platform that proactively detects incidents, minimizes "false positives" and delivers timely and actionable intelligence by simplifying often-complex interactions between security, risk and compliance. Through a single console, SecureVue provides a unified view of your entire IT infrastructure for proactive security and risk analysis, continuous monitoring, configuration auditing, compliance automation and context relevant search. Over 175 Global 2000 companies and government agencies worldwide rely upon eIQnetworks to own their security, risk and compliance posture. For more information, visit: http://www.eiqnetworks.com.