Communications firm Logic has teamed up with a cyber security firm to cut down on the risk of computer crime.

The firm has signed a deal with international company Masergy to help protect networks from hackers.

Logic CEO Vicki Coelho said: “More and more companies are turning to third party experts that specialise in advanced management 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’re thrilled to bring this sophisticated service, combined with Masergy’s expertise and customer service to our clients.”

Chris MacFarland, chairman and CEO of Masergy, added: “Masergy brings a unique combination of technical innovation and human expertise to the increasingly complex array of cyber security threats being faced by organisations around the world.

“We are pleased to partner with Logic to offer this valuable service to Bermuda business.”

Masergy, headquartered in Texas and with operations in 75 countries around the world, is a cloud services company offering networking, advanced cyber security and global unified communications.

Its Unified Enterprise Security (UES) platform uses adaptive behavioural analytics and machine learning to monitor network activity and adapt to changing threat conditions.

Masergy security experts also continuously monitor systems to head off potential threats and attacks.

UES can be used on its own, or integrated with existing security measures like firewalls and intrusion detection systems.

Masergy also provides professional services like compliance assessments, network penetration testing and vulnerability analysis.

Logic said that security breaches cost companies tens of billions of dollar each year — often the result of malicious or criminal attacks.

The average cost of individual incidents to companies surveyed this year was $3.5 million.

And, according the Ponemon Institute/IBM report, financial services and the insurance and reinsurance industries are among the top sectors with the most expensive data breaches.