Northdoor, a provider of IT solutions for insurance industry, has partnered with 24 Lockdown to provide to provide cyber security services to the London insurance market.

Under the partnership, Northdoor will provide three services of 24 Lockdown, including pre-risk assessment, brand assessment, and a 24/7 helpline rapid response protection.

Northdoor commercial director Rob Stavrou said that today’s organisations not only need to understand current trends in security threats, but also be able to identify vulnerabilities within their existing infrastructure.

"More and more organisations are becoming victims of cybercrime every day, which costs UK plc up to £21bn per year," Stavrou added.

Principia Underwriting managing director Chris Newton commented, "We welcome the 24 Lockdown and Northdoor partnership and believe that together they are well placed to offer an ideal combination of insurance knowledge and network security services."

According to the 2013 Information Security Breaches survey, 93% of large firms and 87% of small businesses had a security breach in 2012, an increase of 11% compared to 2011.