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New insurance product focuses on prompt alerting of cyber risks

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IronPro, the professional liability unit of Ironshore Inc., on Wednesday said it has launched a suite of enhanced risk management services for cyber policyholders.

IronPro will provide policyholders with cyber monitoring and alert services, working with Atlanta-based security firm BorderHawk L.L.C. to analyze cyber activity and detect questionable client events, New York-based Ironshore said in a statement.

The cyber monitoring and alert services transmit a cyber risk warning alert when there is potential risk, while other features include cyber security assessment and technical services review by the U.S. Department of Homeland Security, according to the statement.

“We recognize that while 'alerting' systems can be a critical component of cyber security programs, most organizations depend on 'accidental discovery' to initiate investigations of malicious cyber threats,” Steve Akridge, president of Atlanta-based BorderHawk, said in the statement. “IronPro clients will be notified when questionable activity occurs, providing a more responsive investigation when primary security tools do not recognize a potential threat.”