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logRhythm, eFinance to boost Egypt’s digital payment ecosystem

By Delisha Fernandes

May 04, 2023

  • Africa Fintech
  • Consumers
  • Cyber Attack
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LogRhythmLogRhythm has partnered with eFinance, a subsidiary of eFinance Investment Group, to rapidly detect and mitigate threats in Egypt’s digital payment security ecosystem with LogRhythm SIEM, a security information and event management (SIEM) solution.

By adding LogRhythm SIEM into its security systems, eFinance benefits from reduced Mean Time To Detect (MTTD) and Mean Time To Respond (MTTR). It gains a scalable, accessible and easy-to-integrate solution that will enable it to establish a fully functional Security Operations Center (SOC) with a unified security solution that can grow with its business.

“The fintech sector is a massive target for threat actors as they continue to launch attacks on industries that give them the biggest pay-out. Egypt must strengthen its security posture to keep consumers safe and maintain trust within the digital economy. Our SIEM solution is providing the tools for eFinance to detect security issues before they can cause damage,” said Mazen Adnan Dohaji, General Manager and Vice President of IMETA at LogRhythm.

eFinance can now leverage custom rules that protect critical servers and quickly remediate security issues. Its SOC benefit from a single-pane-of-glass view for complete visibility over its entire network. This allows eFinance to identify risks earlier in the Cyber Attack Lifecycle and provide a secure service to its customers in Egypt.

“Not many SIEM solutions on the market support our need to scale. LogRhythm SIEM provides us with a flexible, scalable, and reliable solution that can evolve to match the ever-changing threat environment,” said Mahmoud Dorgham, InfoSec Head at eFinance. “LogRhythm’s integration capabilities and user-friendly interface and dashboards allow our analysts to drill down on emerging security risks in real-time. With LogRhythm, we know our security needs are covered.”

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