Cyber risk management technology developer KYND has launched its services into the investment management sector, as cyber risks continue to surge.
Private equity and venture capital organisations will have access to KYND’s risk management technology and expert advisory support. This will help them get better visibility and help reduce complex cyber risks that affect investments around the world.
A survey from PWC found that 52% of respondents indicated a drop in share value following a cyberattack. A report from IBM recently estimated the cost of a single data breach to be $5.7m. KYND will help the investment management sector protect themselves and avoid the cost of successful cyberattacks.
It stated that the launch into the sector was a result of its success in working with sector players across the EMEA, APAC and Americas.
KYND CEO Andy Thomas said, “We’re excited for the opportunity to further leverage our expertise and offer the support the sector clearly needs. In the face of an evolving threat landscape, being able to get a handle on risk and ensure an asset retains a good cyber posture is more important than ever.
“Offering the right tools and advice to every organisation regardless of size or location has allowed us to make a global impact. With the latest award win, we’ve received that all-important recognition that we’re helping protect investment capital through our innovative cyber risk management technology.”
The FinTech company helps companies assess, understand and manage their cyber risks.
KYND recently launched its industry-first KYND Ready for Brokers service. The tool enables brokers to successfully and quickly secure adequate cyber coverage for clients and improve their own organisations’ cyber risk profile.
The company also recently formed a partnership with global broking company Brokerslink, which sees it deploy its platform to reduce cyberattack exposures.
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