KYND Launches US Cyber Risk Analysis for Insurers
2024年7月31日 - 12:52AM
ビジネスワイヤ(英語)
Award-winning British solutions provider brings
simple, actionable platform to U.S. for easier, more proactive
cyber risk portfolio management and resilience
KYND Limited, a trailblazing cyber risk solutions provider
dedicated to demystifying complex cyber risk analysis, today
announced its official launch in the United States. This expansion
brings 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.
“KYND’s technology is built with one purpose in mind: to
demystify cyber risk management,” said Andy Thomas, CEO and
Co-Founder of KYND. “We help cyber insurers and brokers assess and
understand the cyber risk profile of individual organizations and
the exposures within their portfolios through our simple,
actionable platform.”
Today’s cyber insurance landscape has many stakeholders who need
better cyber risk analysis to enable a more efficient and
profitable ecosystem. Insurers want to speed up and remove
complexity of cyber risk analysis while reducing cyber-related
claims. Brokers want to simplify selling and renewing cyber
insurance so they can grow their business.
"It couldn’t be a better time to bring KYND's next-generation
cyber risk solutions to the U.S.," said Thomas. "Our unique
capabilities and dedicated support teams make cyber risk analysis
easier than ever before. KYND's red, amber, and green alert system
provides clear and actionable insights into risk exposure which
simplify the complex landscape of cyber risk and make it accessible
to everyone who needs it.”
KYND offers a comprehensive suite of solutions designed to meet
the diverse needs of insurers, underwriters, and brokers by
offering the following value:
- Price policies accurately: Insurers can confidently make
well-informed underwriting choices and price policies
objectively.
- Avoid adverse selection: KYND identifies vulnerabilities that
lead to losses and claims so they may be avoided. KYND partners can
reduce loss ratios by 3X by identifying and resolving critical Red
Alert vulnerabilities
- Streamline multilingual reports: KYND’s analysis is available
in multiple languages including English, French, Spanish, German
and Italian.
- Access transparent data: Instead of scores, KYND gives partners
transparent, relevant, and actionable risk insights.
KYND’s U.S. launch comes at a critical time as businesses
worldwide grapple with the fallout from the recent CrowdStrike tech
outage. This incident has underscored the urgent need for effective
cyber risk mitigation solutions, highlighting the vulnerabilities
that can be exploited by bad actors.
“Few organizations outside of the largest enterprises can easily
navigate challenges like this and safeguard their operations
against future disruptions,” said Manu Singh, KYND’s Head of Cyber.
“Our initial data reveals the CrowdStrike outage impacted
approximately 2.5% of enterprise organizations 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,”
Singh continued.
As cyber threats continue to evolve, KYND remains at the
forefront of innovation. The company’s expansion into the U.S.
marks a significant milestone in its mission to demystify cyber
risk management and unlock cyber resilience for insurers
worldwide.
For more information about KYND and its cyber risk solutions,
visit https://www.kynd.io/uslaunch.
About KYND
KYND is a cyber risk solutions provider dedicated to
demystifying complex cyber risks, making them more manageable for
insurers and their clients. Our next-generation solutions empower
partners to comprehensively assess, understand, and enhance their
risk resilience with unprecedented ease. Through innovative
approaches, KYND transforms the way cyber risks are handled,
fostering a safer and more secure digital landscape for all
stakeholders.
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version on businesswire.com: https://www.businesswire.com/news/home/20240730278154/en/
KYND CONTACT: Cody Gillund
PRESS CONTACT: Caitlin New caitlin@ink-co.com Follow KYND on
LinkedIn @KYNDCyber