KYND, a provider of cyber risk management technology and services, has partnered with United Insurance Brokers (UIB) to help businesses gain control over cyber exposure.
UIB is an independent Lloyd’s insurance and reinsurance broker.
According to KYND, the partnership will allow the UIB team to leverage KYND’s START Reports to support the two companies common mission to help businesses successfully navigate today’s ever-evolving cyber threat landscape and achieve their risk transfer goals under dynamic cyber insurance market conditions.
In today’s ever-expanding threat landscape, KYND stressed that the ability to quickly identify, understand, and address businesses’ cyber risks can dramatically reduce the likelihood and impact of a cyber-attack.
This helps organisations not only to shore up their defences but also ensure frictionless access to the cyber insurance market in the future.
The partnership will also enable the implementation of a proactive risk management approach across both directions.
UIB’s potential and existing insureds will now benefit from access to KYND START.
Built on KYND’s proprietary technology, the non-intrusive risk assessment instantly empowers prospects with an outside-in view of their organisation’s attack surface, helping to navigate exactly where their vulnerabilities are.
START also provides a prioritised remediation action plan designed to aid organisations in improving cyber hygiene, building resilience, and successfully boosting their insurability ahead of submission or renewal.
Andy Thomas, KYND’s CEO and founder, said, “We are delighted to work together with UIB and share their vision on how the corporate world should refine the way it manages digital risk to stay ahead of the curve.
“Through the joint efforts of KYND and UIB, businesses can now become more resilient to cyber risk by implementing a proactive risk management approach powered by instant, clear exposure visibility, and successfully secure the right cyber insurance tailored to their needs to drive a competitive advantage as well as ensure sustainability and growth in an era of digital transformation.”
In October last year, KYND released the next generation of its cyber risk management for the managed service providers (MSP) sector.
Copyright © 2023 FinTech Global
Copyright © 2018 RegTech Analyst
