Report regarding a resolution authorizing the City Manager to execute a Professional Services Agreement with Beazley Security, LLC for cybersecurity services in an amount not to exceed $264,000. (Saoirse Price, Director of Information Technology Department)
RECOMMENDATION
Staff is recommending the City Council approve and authorize execution of the Professional Services Agreement with Beazley Security, LLC to provide cybersecurity services to the City.
BACKGROUND/DISCUSSION
Cybersecurity threats continue to rise, with malicious actors engaging in large-scale cyber-attacks aimed at extorting money or valuable data. According to the 2023 Federal Bureau of Investigation (FBI) Internet Crime Report, investment scams have increased from $3.31 billion to $4.57 billion, with an average of 758,000 complaints annually. In response to this growing threat, the City's Information Technology Department is proactively seeking services to prevent and reinforce the defense of its network against cyberattacks.
Beazley Security is a specialized cybersecurity firm that offers comprehensive monitoring of logs and endpoint telemetry data 24 hours per day, 7 days week, in order to prevent cyberattacks. The Beazley platform will aggregate all pertinent logs, including those from servers and firewalls, onto their Security Operations Center (SOC) system for thorough event correlation. This program will not only provide a holistic view of potential attacks, but also facilitate seamless action by alerting City staff and the IT department via phone call to take immediate steps to mitigate threats. Overall, Beazley Security will readily provide assistance in the event of a cyber incident for South San Francisco.
Under the proposed agreement, Beazley Security will provide services for a two-year term, monitoring 1000 endpoints and forwarding unlimited logs to their Extended Detection and Response (XDR) platform.
The total cost of the two-year agreement is $264,000.
FISCAL IMPACT
The City...
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