KYND launches comprehensive cyber risk solutions in the US

KYND, a UK-based cyber risk management solutions provider, has announced its expansion into the US market.

This expansion brings KYND’s innovative and straightforward approach to cyber risk analysis to a new market, addressing the insurance industry’s need for easier and more proactive management of cyber risk as cybercrime intensifies.

According to KYND, its comprehensive suite of solutions offers the following benefits: accurately pricing policies, avoiding adverse selection, streamlining multilingual reports, and accessing transparent data.

Andy Thomas, CEO and Co-Founder of KYND, commented, “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.”

He continued, “It couldn’t be a better time to bring KYND’s next-generation cyber risk solutions to the US.

“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.”

This US launch comes at a critical time as businesses worldwide deal with the impact of the recent CrowdStrike tech outage, which has highlighted the urgent need for effective cyber risk mitigation solutions.

Manu Singh, Head of Cyber at KYND, stated, “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,” Singh concluded.

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