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Woodbury, New York-based SterlingRisk Insurance Co. said Monday its SterlingRisk Programs division is partnering with a cybersecurity technology and services provider to introduce a program that assesses business’ cyber exposure.
SterlingRisk said in a statement Monday that its Sterling New Age Cyber program uses the proprietary tools and software of New York-based Elpha Secure LLC to rank business’ cyber exposure, allowing the program to assess and quote coverage.
SterlingRisk CEO David Sterling said in a statement the program streamlines the insurance process and increases accuracy, as well as providing customers with access to SterlingRisk’s risk management technology to prevent cyberattacks and avoid phishing.
Sterling New Age Cyber is being offered to a range of industries, the statement said.
Cyber-related claims against directors and officers have been largely unsuccessful to date, but given the plaintiff bar’s creativity and persistence, it is too soon for companies to relax and consider themselves off the hook, say experts.