PRESS RELEASE: KYND named as a Global CyberTech100 company for second year running
Fintech Global has announced the annual world CyberTech 100 list, recognising the most innovative tech companies providing world-class cyber defences.
KYND Limited, a provider of pioneering cyber risk management products and services, has been highlighted as one of the world’s leading Cyber Tech companies and joins the prestigious CyberTech 100 for the second consecutive year.
The CyberTech 100, undertaken by Fintech Global, the UK-based specialist data and research firm, is an annual list showcasing the world’s most innovative and standout CyberTech providers helping organisations combat the ever-growing threat of cybercrime and strengthen their business cyber resilience to grow confidently.
According to Fintech Global, the CyberTech industry for financial services has grown dramatically over the last four years as operations are increasingly moving to the cloud. Organisations expand their spending on securing new digital infrastructure that could also adapt to the operational changes wrought by the Covid-19 pandemic. Total annual investments in the sector grew from $0.7bn in 2016 to over $6.2bn last year, showing a remarkable increase of nearly nine times and a CAGR of 72.5%.
As a result, this year’s process to identify the leading 100 companies in the CyberTech space has faced unprecedented competition. The standout companies were chosen by a high-profile panel of industry experts and analysts and were up against tough rivalry from an extensive list of over 1,000 applicants. KYND was recognised for its innovative cyber risk management technology and prominent role in helping businesses quickly and effectively identify and manage their cyber risks in order to stay on top of the rapidly evolving threat landscape.
Andy Thomas, KYND’s CEO, commented: “We are absolutely delighted that KYND has been selected as part of Fintech’s CyberTech100 recognition for the second year in a row. In a world where cyber risk poses one of the fastest growing threats worldwide, having the right tools in your arsenal to prevent the worst from happening has never been more critical. This fantastic achievement endorses our mission to make effective and powerful cyber risks management solutions accessible to every organisation, and further strengthens our confidence in the strides and difference we’ve made.”
In 2020, KYND was also named on the Fintech Global’s InsurTech 100 list, being highly acknowledged for its rapidly growing KYND Broker Programme – the long-awaited initiative aiming to bridge the gap between cyber experts and brokers to successfully accelerate the cyber insurance market growth.
Richard Sachar, Fintech Global’s Director, said: “Security executives working in financial services need to be aware of the latest innovation and threats in the market in order to protect client and company data as well as fend off cyber and financial criminals. The CyberTech100 list helps them do just that and identify new technologies which will have a lasting impact on the industry and attackers’ behaviour.”
About FinTech Global
FinTech Global offers the most comprehensive data, the most valuable insights and the most powerful analytical tools available for the global FinTech industry. We work with market leaders in the FinTech industry – investors, advisors, innovative companies and financial institutions – and enable them to get the essential intelligence they need to make superior business decisions.
The CyberTech 100 is an annual list of 100 of the world’s most innovative CyberTech companies. These are the companies every financial institution needs to know about as they consider and develop their information security and financial crime fighting strategies. A full list of the CyberTech100 can be found at www.CyberTech100.com. More detailed information about the companies is available to download for free on the website.
Founded in March 2018 and headquartered in London, KYND is a new breed of cyber company. KYND makes complex cyber risks simple to understand and manage for every organisation, regardless of size, means or industry sector.