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PRESS RELEASE: KYND named a Global CyberTech100 company for the third year running in 2022
Fintech Global has published their annual world CyberTech100 list for 2022, recognising the most innovative companies providing world-class cyber defences.
Joining the prestigious CyberTech100 list for the third consecutive year, KYND Limited, a provider of pioneering cyber risk management products and services, has once again been highlighted as one of the world’s leading CyberTech companies.
An annual list showcasing some of the world's most innovative and standout CyberTech providers; the CyberTech100 list published by Fintech Global, features organisations like KYND that combat the growing threat of cybercrime and strengthen business’s cyber resilience so they can grow confidently.
According to Fintech Global, The CyberTech industry for financial services has grown dramatically over the last couple of years as operations are increasingly moving to the cloud and organisations expand their spending on securing their digital infrastructure. With an average cost of $5.72m per data breach, the majority of financial institutions are projected to increase their security budgets even further.
As a result, this year’s process to identify the leading 100 companies in the CyberTech space was more competitive than ever. A panel of analysts and industry experts voted from a list of over 1,000 organisations. The finalists were awarded a place on the list for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain.
Andy Thomas, KYND’s CEO, commented: “It’s an absolute honour to be included in such a prestigious list for the third year running; especially considering the world we live in and the ever-growing threats that crop up and the growing market sector. The CyberTech100 list continues to offer recognition of the fact that we’re dedicated to making cyber risk management solutions available to every organisation regardless of its size or location. Having the right tools in your arsenal to prevent the worst from happening has never been more critical, and our inclusion in the top 100 list strengthens our confidence in the difference we’re making.”
Previous nominations have been the result of innovative new tools and a commitment to service that make KYND what it is. KYND has received even more acknowledgement as the result of launching KYND READY and KYND SIGNALS, both of which have become popular elements of its end-to-end suite of cyber risk management tools.
Richard Sachar, Director of Fintech Global commented: “Financial institutions are 300 times more likely to be the target of a cyber attack compared to other companies. As such security executives in financial services must stay on top of the latest innovation and threats in the market to proactively prevent data breaches and avoid reputational damage. The CyberTech100 list helps them do just that by identifying the top new technologies which can be part of an integrated cybersecurity risk management strategy.”
KYND is on a mission to make complex cyber risks easy to understand and manage. KYND’s pioneering technology makes assessing, understanding, and managing cyber risks easier and quicker than ever before and is used by insurers, brokers, and their clients. Recognising one size doesn’t fit all, KYND has designed made-to-measure InsurTech products that work for any size business, from any industry, anywhere in the world.
KYND’s unparalleled cyber-risk management tools not only enable accelerated sales of cyber policies, speeds up renewal and helps control client risk but also supports better underwriting decisions by removing complexity, providing instant insight into cyber risk exposure while mitigating insured’s risk exposure with continuous monitoring and alerts.
For more information about KYND, visit: https://www.kynd.io/
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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 CyberTech100 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: https://member.fintech.global/.