KYND

KYND Limited, a provider of next-generation cyber risk management technology, today announced it has partnered with Ethos Broking, a UK-based collection of community brokers and part of the wider Ardonagh Group. This new partnership empowers Ethos Broking’s cyber insurance brokers to successfully meet challenges of increasingly dynamic market conditions and effectively boost their client acquisition and retention.

Recognising the market need, and in line with KYND’s commitment to continuously drive innovation, efficiency and success in the global cyber insurance arena, Ethos Broking’s Partners will now benefit from access to KYND START reports. Leveraging non-intrusive, immediate cyber risk intelligence combined with tailored, prioritised recommendations, Ethos Broking’s teams will be able to successfully engage with their prospective customers to champion timely cyber risk engagement and facilitate frictionless access to the cyber insurance market, as well as helping to maintain a resilient cyber posture for their organisations ahead of renewal, and strengthening client relationships.

Andy Thomas, CEO and Founder of KYND, said: “We’re delighted to welcome the Ethos Broking team as our latest business partner. The global cyber insurance market has evolved alongside cyber risk, and understanding this rapidly evolving risk is key in helping both brokers and their clients to stay on course in shifting market conditions and the high-threat digital environment. We’re looking forward to working closely together and combining our best-in-class, powerful technology with Ethos Broking Partner’s extensive industry expertise, to tackle the specific risk management needs of today’s interconnected ecosystem and to contribute to the further enhancement of cyber risk transfer.”

Paul Buckle, Commercial Director of Ethos Broking, commented: “At Ethos Broking, we’re passionate about working with partners who share our vision to provide teams and clients with the best solutions that are aligned with business, industry and market needs, particularly when it comes to such a dynamic and prevalent aspect as cyber. Partnering with cyber risk management experts KYND and leveraging their powerful, data-driven threat intelligence enables our broking partners and their clients to tackle the challenges in understanding and managing cyber risks, enhancing customer retention, driving revenue growth, and supporting the sustainable advancement of the cyber insurance market.”

About KYND

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 works 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 profile while reducing insured’s risk exposure with continuous monitoring and alerts.
For more information about KYND, visit: https://www.kynd.io/

About Ethos Broking

Ethos Broking is a collection of like-minded brokers that share similar values but retain their own DNA.

With over 750 colleagues across more than 30 offices around the UK, we pride ourselves on delivering a unique offering which is built on close relationships and aligned cultures, whilst at the same time providing our brokers with the tools to grow independently. That success is clearly demonstrated through the £348 million annual GWP that we generated in 2022.

For further information about the company and the services they offer, please visit: https://www.ethosbroking.co.uk/

Filhet-Allard, the leading independent French insurance brokerage, and KYND Limited, the leader in next-generation cyber risk management solutions, announced today their new partnership. This brings the power of KYND’s innovative technology to its exclusive 360° risk management solution tailored to the needs of businesses amid the growing threat landscape. The new partnership is geared towards enabling frictionless cyber insurance applications and renewals for Filhet-Allard’s extensive client portfolio through promoting insureds’ improved cyber resilience.

The announcement comes precisely when the increase of ransomware and supply chain attacks is reaching a new apex. The relentless threats have been affecting both public and private sectors for years, but the number of incidents have risen dramatically since the outbreak of the global pandemic; with Europe being subjected to 43% of global ransomware attacks, and the UK and France heading the list of the most targeted countries in the world by ransomware attackers. The number of supply chain incidents, in turn, quadrupled in 2021 compared with 2020. Considering the ongoing Russia-Ukraine geopolitical conflict, the amount of ransomware activity and supply chain attacks, particularly against critical infrastructures, is only expected to grow throughout this year.

Andy Thomas, KYND’s CEO and Founder, said: “We are delighted Filhet-Allard has chosen KYND to join their enhanced 360° cyber risk management service; and we fully support their vision on a preventative approach to cyber threats through achieving cyber resilience. In the era of digital threats being at the top of each organisations’ agenda, the constantly growing threat landscape calls for a collaborative approach that brings together actionable threat intelligence and world-class industry experts to build effective and efficient solutions for businesses, which is exactly what this partnership is about. We’re looking forward to working together with Filhet-Allard towards this goal and growing our relationship even further in the future.”

Gregory Allard, Filhet-Allard’s CEO, commented: “We’re excited to offer KYND’s advanced risk management capability as part of our suite of industry-leading solutions that aligns with the current and future cyber needs of businesses globally. This partnership will supplement our ongoing efforts in reimagining risk management with an emphasis on resilience. Leveraging KYND’s real-time, interactive risk insights and helpful recommendations will enable brokers and their clients to move a step closer to securing relevant cover through improved risk posture, whilst further strengthening their threat prevention efforts.”

Today, KYND Limited announced that Lombard Odier Investment Managers, a global wealth and asset manager, has adopted KYND Signals, KYND’s advanced portfolio risk management solution, which supports improved cyber due diligence processes within the investment lifecycle and provides enhanced risk-based investment decisions.

The cost of cybercrime globally is estimated to reach $6 trillion by the end of this year, and this figure is expected to hit $10.5 trillion by 2025, further escalating existing investor concern over cyber security within investment portfolios. Devastating ransomware and distributed denial-of-service (DDOS) attacks, high-impact data breaches, and far-reaching supply chain incidents can adversely impact a company’s financial performance, share value, brand reputation and trust amongst its shareholders, business partners and clients. Alongside increased regulatory requirements and expectations around security and data protection, the need for a proactive approach to cyber risk management has never been more critical for investment teams to ensure the financial stability and long-term business viability of their portfolio companies.

Lombard Odier has selected KYND to implement continuous risk monitoring and actionable threat intelligence as an integral component of their portfolio management. As part of this partnership, Lombard Odier’s investment teams will now benefit from access to KYND Signals. This trailblazing service transforms the way investment firms identify, manage and mitigate complex cyber risks across their assets by providing an advanced, targeted portfolio vulnerability insight, including expert cyber advisory support and prioritised remediation guidance to help investment firms and their portfolio companies stay ahead of the dynamic cyber threat landscape.

Andy Thomas, KYND’s CEO and Founder, said: “We’re delighted to be partnering with investment experts Lombard Odier and further extending our unparalleled cyber risk monitoring and management capabilities into the asset management field. The rapid advancement of today’s digital threats calls for a greater focus on cyber defence, yet it’s more arduous than ever for investment firms to stay current with the constantly expanding attack surface. Our brand-new partnership allows a proactive approach to addressing cyber risk within portfolio management, giving Lombard Odier’s team the ability to uncover and evaluate the risk in their portfolio.”

About KYND
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. Recognising one size doesn’t fit all, KYND has designed made-to-measure CyberTech products that work for any size business, from any industry, anywhere in the world.

KYND’s unparalleled cyber risk management tools not only enable better-informed investment decision making by providing instant insight into investments’ cyber risk profiles but also help reduce portfolios’ risk exposure with continuous threat monitoring and alerts.

For more information about KYND, visit: https://www.kynd.io/
For press enquiries, contact: press@kynd.io

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