This paper presents a solution that simultaneously addresses both reliability and security (RnS) in a monitoring framework. We identify the commonalities between reliability and security to guide the design of Hyper Tap, a hyper visor-level framework that efficiently supports both types of monitoring in virtualization environments. In Hyper Tap, the logging of system events and states is common across monitors and constitutes the core of the framework. The audit phase of each monitor is implemented and operated independently. In addition, Hyper Tap relies on hardware invariants to provide a strongly isolated root of trust. Hyper Tap uses active monitoring, which can be adapted to enforce a wide spectrum of RnS policies. We validate Hyper Tap by introducing three example monitors: Guest OS Hang Detection (GOSHD), Hidden Root Kit Detection (HRKD), and Privilege Escalation Detection (PED). Our experiments with fault injection and real root kits/exploits demonstrate that Hyper Tap provides robust monitoring with low performance overhead.