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Intrusion detection distributor Espion said it had entered the agreement with Coyle Hamilton for customers of the NetSure Cyber Insurance product. Customers will receive the discount if they purchase Espion's TripWire data integrity product, designed to monitor company Web sites for any sign of unauthorised changes.
A data integrity product lets the user "fingerprint" file systems, objects or registry keys with a unique hash number. Users will receive an instant notification of any changes. The product can be used to monitor Web server logs for any malicious hacker activity and also protect against data loss from changes in temperature and physical damage.
David Shaw, business development director of Coyle Hamilton, said it launched cyber insurance last year to create protection for any company that operated a corporate network, used e-mail or accessed the Internet.
Shaw said it was important for firms to secure as well as insure their networks.
"We are keen for companies to proactively minimise e-risks in the same way that home insurance premiums can be reduced through the inclusion of burglary alarms and fire detectors," he said.
This is the first time Coyle Hamilton has offered a discount for using a security product but Shaw said there was nothing to stop it choosing another product it believed could minimise security risks.
The Irish Insurance Federation said it was not common practice for an insurance firm to recommend a specific product but such a decision was down to each individual company. Coyle Hamilton is a broker reselling the NetSure policy on behalf of the Lloyds syndicate.
The NetSure policy covers first party risks such as financial loss or suffering from external sources such as viruses or intruder attacks as well as third party risks covering any damage to customers or suppliers as a result of viruses sent by the company and or any malicious acts by employees.
Colman Morrissey, managing director of Espion, said TripWire offered a comprehensive guard against any changes to a server using digital snapshot technology. The same digital technology is also used on Web sites, he said, allowing any malicious activity against the Web server to be identified prior to publishing to prospective customers.
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