A method, system and apparatus for autonomically configuring a virtual log. In accordance with the present invention, events flowing into the virtual log can be heuristically processed to determine if any events have been lost. When an event is considered to have been lost, the size of the log associated with the event can be increased. Also, the interval in which the virtual log interacts with the associated log can be decreased so as to ensure that the events will not continue to be lost. When a period of time has elapsed during which no events are heuristically determined to have been lost, either or both of the interval and associated log can be adjusted so as to increase the interval and decrease the size of the associated log.