IronPro, Ironshore's financial and professional lines unit, is introducing a suite of enhanced cyber and technology E&O products customized for the Canadian marketplace.

IronPro's cyber and tech products also will provide eligible Ironshore highly protected information (“HPI”) policyholders with cyber monitoring and alert services (“CMAS”) during the policy period, the company said. IronPro added that it had engaged the information security firm, BorderHawk, to offer CMAS services that detect potential threat indicators and extrapolate such knowledge into a proactive indication and warning process for IronPro insureds.

CMAS generates and transmits a cyber risk warning alert to a predetermined point of contact at the insured for immediate action in the event of a potential risk. Cyber risk warning alerts signal potential vulnerabilities or threats associated with a specific IP address, thereby indicating heightened risk exposure to the client entity.

“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,” said Steve Akridge, the president of BorderHawk. ”IronPro clients will be notified when questionable activity occurs, providing a more responsive investigation when primary security tools do not recognize a potential threat.”

“IronPro's enhanced risk management offering complements our specific asset-class PrivaProtector policy form to address risk exposures for critical infrastructure insureds within the healthcare, financial services, professional services, manufacturing, and commercial facilities sectors,” stated David Tran, the senior vice president of IronPro Canada. ”A more aggressive approach to cyber security protection is designed to minimize the loss associated with data breach events.”