DHCP server log collection made simple DHCP (Dynamic Host Configuration Protocol) is a network management protocol that dynamically assigns IP addresses to each client machine on your network. However, its importance does not stop there. DHCP can even generate numerous critical events that indicate your network’s security has been compromised. You might then wonder how you can use these events to safeguard your organization from intrusion. Well, these event logs store valuable information that contain the ID and IP address associated with each client.