Logpoint has appointed Michael Haldbo as Chief Financial Officer (CFO). Reporting to Logpoint CEO Jesper Zerlang, Haldbo will be responsible for taking the company successfully through the next step of the Logpoint journey to become a European cybersecurity powerhouse.

“We’re excited that Michael is joining the Logpoint team as we grow beyond scaleup and into an established cybersecurity company. Michael has extensive experience in taking leadership over transformation projects and M&A,”

says Jesper Zerlang.

“With our recent acquisition by Summa Equity, we have proven that Logpoint has the capabilities and critical mass to take us to the next level, and as we mature the business model, he is an evident choice to support and protect the business financially.”

Michael Haldbo has 20 years of International and Nordic experience in financial planning, analysis, and strategy execution. He served as CFO at Signicat, Europe’s leading provider of digital identity solutions. Michael has also held financial executive roles at other companies in the IT and payment-related sector, including Nets and Unwire.

“Logpoint has such a strong value proposition with world-class cybersecurity solutions, competitive pricing models, and the agility and flexibility that enable us to challenge the big mastodonts in the SIEM market and become the number one vendor in Europe with a global range,” says Michael Haldbo. “From my perspective, Logpoint ticks all the boxes: Scaleup, growth-market, a strong business model, transitioning into SaaS, and private equity owned. The frosting on the cake is that Logpoint solutions address a major societal challenge, namely the ever-growing cyber threat in the wake of COVID-19 and the war in Ukraine.”

Logpoint is the only native European SIEM+SOAR vendor in Europe. Summa Equity acquired a majority stake in Logpoint in April to invest in cybersecurity resilience and build a European alternative in a SIEM market dominated by US vendors.

Together, Logpoint and Summa will address a significant global challenge as cybersecurity incidents are estimated to cost the global economy EUR 7.4tn annually in 2023, per Cybersecurity Ventures.

Logpoint’s Converged SIEM platform collects security information from the entire digital infrastructure. SIEM, SOAR, and UEBA technologies analyze the data in real-time, employing big data analytics, advanced machine learning, and automation. The platform, available as SaaS, Cloud, and On-Premise solutions, provides a situational overview, identifies cybersecurity threats, and provides cybersecurity teams with the tools to respond immediately.

“We’re excited to enable our customers to explore the possibilities of using technologies such as ChatGPT to reduce part of their workload,” says Edy Almer, Logpoint Product Manager for Threat Detection and Incident Response. “Staying up to date with technology innovations and trends is imperative to understand how we can continue to improve cybersecurity operations.”

Logpoint SOAR automates the investigation of security incidents and provides case management tools to help analysts automate incident responses. Logpoint SOAR comes with a range of pre-configured playbooks and provides the capability to create custom playbooks, automating detection and response processes.

The new ChatGPT integration for Logpoint SOAR allows customers to investigate the potential of using SOAR playbooks with ChatGPT in cybersecurity.

Saving time on breach reports: A SOAR playbook can provide ChatGPT with the severity level and main timeline events of an investigation to generate breach report drafts from attacks for an analyst to review and approve before further distribution, saving a lot of time spent on reporting.

Short, readable executive summaries: A SOAR playbook can feed lengthy compliance report texts to ChatGPT to create an executive summary of main findings and remediation recommendations that’s easy to read for executives.

Believable awareness training: The ChatGPT SOAR integration can automate part of the awareness training. ChatGPT automatically generates phishing emails, and the SOAR playbook extracts data from LinkedIn, enriches it with email addresses and connections from past logs, and sends the phishing email to selected recipients, measuring how many click through and how many alert the phishing response team.

“Our customers are always interested in exploring new technologies, and ChatGPT is no exception,” says Christian Have, Logpoint CTO. “With our new integration, they can test whether the technology could reduce the time spent on an attack summary report, which is legally required in Europe, the US, and Asia, and potentially free up valuable time for security analysts.”

All Logpoint customers with SOAR enabled can play around with ChatGPT and delve into the exciting use cases.