PRESS RELEASE: KYND announces expansion into the US insurance market to tackle cyber risk head-on
PRESS RELEASE: KYND debuts in the Global CyberTech100 for 2020
The top 100 global CyberTech companies providing cyber defences were announced today by FinTech Global.
KYND Limited, a provider of pioneering cyber risk management products, has made its debut into the CyberTech 100. The CyberTech 100 is an annual list showcasing the world’s most innovative and stand out CyberTech providers that are helping firms fight off cyber-attacks and protect their data, as selected by a panel of analysts and industry experts.
This is just the latest highlight in KYND’s 2-year growth story, which since its inception in 2018, has seen it grow from a three-person start up in a small room in Brixton to a trailblazing CyberTech with a team of 19 in both the UK and Portugal providing transformative cyber risk management products to companies of all sizes, across industries, around the globe.
Andy Thomas, KYND's CEO, says “We are absolutely delighted to join the Global CyberTech top 100 list and be recognised as amongst the brightest and most innovative companies in this sector. We only started KYND two years ago and to be selected from a pool of over 1000 companies makes us very proud. Our focus on listening to customers and making the complexity of cyber risks easy to understand and simple to mitigate continues to grow with constant product innovation and our partnerships with customers all over the world.”
KYND is now a global provider of revolutionary cyber risk prevention products, used primarily by insurers and brokers but also by companies themselves to reduce and prevent their cyber risks. KYND made it onto the list amidst strong competition in an industry which is growing significantly, with new companies joining all the time.
According to FinTech Global, CyberTech is one of the fastest growing sectors within the FinTech industry, with FinTech Global data showing investment in the space has grown 14x since 2014 to reach $3.4bn last year. A study by Gov.uk, revealed finance and insurance firms increased their spending on cybersecurity by 23% YoY in 2019.
FinTech Global director Richard Sachar said, "Established financial institutions need to be aware of the latest security technology in the market to protect their organizations from data leaks and cyber attacks. The CyberTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as Threat Management, Data Governance, Cloud Security, Employee Risk and Fraud Prevention,” he added.
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 with offices in Porto, 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.
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