PRESS RELEASE: KYND introduces next level Exposure Management for insurers to tackle cyber accumulation risk
Every business is under threat from cyber crime
There’s a lot of hype in the cyber space: Blockchain, AI, Cloud, the Internet of Things are changing the face of technology and disrupting the way we do things. It can often seem like these developments are only for the techies.
Cybercrime is different. It affects everyone. High profile cases, like the WannaCry ransomware attack, targeted more than 150 countries and temporarily forced the NHS to close. Cyber risks like these may be well publicised, but that doesn’t mean they’re well understood.
Exponential cyber risk
All businesses are connected to the internet. By 2020, it’s predicted that 4 billion people will be online. The potential for hackers is growing by the milli-second. Tools for carrying out sophisticated cyber-attacks are now cheap, mass-produced and easy to find – the internet is teeming with hacking communities, online walkthroughs and discussion forums open to anyone. And because the internet is such a complex, ever-changing environment, the adverse effects of criminal activity, operational errors and third-party failures only compound the problems.
KYND is a new cyber risk prevention product. Our aim is to stop cyber risk affecting you.
PRESS RELEASE: Probitas 1492 selects KYND to enhance portfolio cyber exposure modelling and boost profitable growth
PRESS RELEASE: KYND secures new funding to advance cyber risk management