Digicel Business is extending its partnership with Masergy Communications Inc. to offer an advanced “Security as a Service” solution to businesses across Cayman. The fully managed service helps companies secure their digital assets through a combination of advanced threat detection and continuous monitoring.
Digicel said malicious and criminal security breaches cost companies billions of dollars each year. A recent study by the Ponemon Institute and IBM put the average cost of a single incident at about $3.5 million.
In addition to the potential costs, security breaches can have a significant impact on the credibility of a company, particularly when customer data is at risk.
“Masergy brings unique expertise in machine learning and analytics to the increasingly complex array of cybersecurity threats being faced by organizations around the world,” said Masergy CEO Chris MacFarland.
Security as a Service offers businesses a managed service that analyzes patterns in the network and triggers alarms when these patterns deviate from the norm. It differs from other security solutions in that it combines analytics with human expertise to address the increasingly complex array of cybersecurity threats faced by organizations around the world, Digicel said.