KYND Limited, a trailblazing cyber risk solutions provider, has officially launched in the United States.
This expansion introduces KYND’s innovative and simplified approach to cyber risk analysis to a new market, addressing the insurance industry’s need for actionable cyber risk exposure insights as cybercrime intensifies in the nation.
The launch of KYND in the U.S. is driven by the increasing demand for effective cyber risk mitigation solutions.
Andy Thomas, CEO and co-founder of KYND, emphasised the company’s mission, saying, “KYND’s technology is built with one purpose in mind: to demystify cyber risk management. We help cyber insurers and brokers assess and understand the cyber risk profile of individual organisations and the exposures within their portfolios through our simple, actionable platform.”
The rise in cybercrime has created a pressing need for insurers to gain better insights into cyber risk exposure, helping them prepare for an influx of claims and manage their portfolios more effectively.
KYND Limited is known for its commitment to simplifying cyber risk management. The company’s technology assists cyber insurers and brokers in assessing and understanding the cyber risk profile of individual organisations and the exposures within their portfolios through a straightforward, actionable platform.
The firm’s product offers a comprehensive suite of solutions designed to meet the diverse needs of insurers, underwriters, and brokers.
It enables them to price policies accurately, avoid adverse selection by identifying vulnerabilities that lead to losses, streamline multilingual reports, and access transparent, actionable risk insights instead of scores.
KYND’s U.S. launch is particularly timely given the recent CrowdStrike tech outage, which highlighted the vulnerabilities that can be exploited by cybercriminals. This incident has underscored the urgent need for effective cyber risk mitigation solutions, with KYND’s technology positioned to help businesses navigate these challenges and safeguard their operations against future disruptions.
The company’s expansion into the U.S. is a significant milestone in its mission to demystify cyber risk management and enhance cyber resilience for insurers worldwide.
As cyber threats continue to evolve, KYND remains at the forefront of innovation, providing vital tools and insights to the insurance industry.
Manu Singh, KYND’s Head of Cyber, highlighted the impact of recent cyber incidents, stating, “Few organisations outside of the largest enterprises can easily navigate challenges like this and safeguard their operations against future disruptions.Our initial data reveals the CrowdStrike outage impacted approximately 2.5% of enterprise organisations listed on major global stock exchanges.”
“Insurers are most certainly preparing for an influx of claims, and KYND partners can prepare for what’s to come with fast analysis of their exposure to this global event across their portfolios.”
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