New patent for cybersecurity firm LogRhythm

BOULDER — LogRhythm, a Boulder-based cybersecurity firm, was granted a new U.S. patent.

The United States Patent and Trademark Office granted U.S. Patent 10,091,217 to LogRhythm, which acknowledged the company as the creator of data monitoring methods that enable risk-based classification of data. It’s a critical component necessary to enable security operations center teams to focus their resources on the most critical and impactful security events, the company stated in a news release.

The patent specifically centers around LogRhythm’s risk-based prioritization algorithm, which uses environmental risk characteristics and threat context to assign a risk-based score to all security events. The algorithm allows security teams to focus their attention on the review, mitigation and investigation of the most impactful security events.

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“Enterprise security operations teams are typically overwhelmed with events and alarms that might indicate a cyberthreat is active within their environment,” Chris Petersen, co-founder and chief product and technology officer, said in a prepared statement. “Data breaches happen when security operations teams miss these indicators, allowing threats to persist undetected within the IT environment for weeks or even months.”

He added that the risk-based scoring algorithms covered in the patent help security operations teams focus on the threat indicators most likely to truly put the enterprise at risk.

“This improves operational efficiency and materially reduces the risk of experiencing a data breach or other damaging cyber incident,” he said.

Earlier this year, private equity company Thoma Bravo closed on a majority investment in LogRhythm.