(Hamilton, Bermuda, October 8, 2014) – Logic Communications today announces a new partnership with Masergy Communications Inc. to offer advanced, managed Security as a Service solutions to Bermuda businesses.
Masergy’s managed security solutions help companies’ secure their digital assets with advanced threat detection and continuous monitoring. Masergy will work with Logic customers to implement the solutions and provide on-going service.
Security breaches cost companies billions of dollars each year and can occur as a result of malicious or criminal attacks. According to the 2014 Cost of Data Breach Study: Global Analysis conducted by the Ponemon Institute and IBM, the average cost of a single incident among the companies surveyed is $3.5 million. The financial, insurance and reinsurance industries are among the top sectors with the costliest data breaches, according to the report.
Masergy addresses today’s rapidly evolving threat landscape with a fully-integrated, managed security solution built on the company’s patented Unified Enterprise Security (UES) platform. UES is unique in its use of adaptive behavioural analytics and machine learning to monitor network activity and continuously adapt to changing threat conditions. This technology is combined with continuous monitoring performed by Masergy security experts to efficiently anticipate and detect malicious activities.
UES can be deployed as a standalone solution or integrated with companies’ existing security point solutions, such as firewalls and intrusion detection systems. Masergy also provides a full range of professional services including compliance assessments, network penetration testing and application vulnerability analysis.
Chris MacFarland, Chairman and Chief Executive Officer, Masergy says: “Masergy brings a unique combination of technical innovation and human expertise to the increasingly complex array of cyber security threats being faced by organizations around the world. We are pleased to partner with Logic to offer this valuable service to Bermuda businesses.”
Vicki Coelho, Chief Executive Officer, Logic, says: “More and more companies are turning to third party experts that specialise in advanced managed network security. Even the best-resourced organisations are challenged to effectively respond to the growing threat of a security breach. Masergy’s managed security solutions provide an integrated approach to the continuous monitoring of all the elements in an enterprise network. We are thrilled to bring this sophisticated service, combined with Masergy’s expertise and customer service, to our clients.”
More at www.logic.bm and www.masergy.com