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KYND Launches US Cyber Risk Analysis for Insurers

Posted on July 31, 2024July 31, 2024 By Martin Hinton

KYND Limited, a British cyber risk solutions provider, has officially launched in the United States. This expansion aims to address the growing need for actionable cyber risk analysis within the U.S. insurance industry.

“KYND’s technology is built with one purpose in mind: to demystify cyber risk management,” said Andy Thomas, CEO and Co-Founder of KYND. The company’s platform helps cyber insurers and brokers assess and understand the cyber risk profiles of individual organizations and the exposures within their portfolios through a simple, actionable system.

The current cyber insurance landscape requires improved cyber risk analysis for a more efficient and profitable ecosystem. Insurers need to streamline cyber risk analysis processes while reducing cyber-related claims. Brokers aim to simplify the process of selling and renewing cyber insurance policies to grow their businesses.

KYND offers a suite of solutions tailored to the needs of insurers, underwriters, and brokers.

These solutions include:
  • Pricing policies accurately, enabling insurers to make well-informed underwriting decisions.
  • Avoiding adverse selection by identifying vulnerabilities that could lead to losses and claims.
  • Reducing loss ratios by identifying and resolving critical vulnerabilities.
  • Providing multilingual reports, available in English, French, Spanish, German, and Italian.
  • Offering transparent, actionable risk insights instead of scores.

The U.S. launch comes at a crucial time as businesses worldwide deal with the recent CrowdStrike tech outage, highlighting the need for effective cyber risk mitigation solutions. “Few organizations outside of the largest enterprises can easily navigate challenges like this,” said Manu Singh, KYND’s Head of Cyber. KYND’s initial data reveals that the CrowdStrike outage impacted approximately 2.5% of enterprise organizations listed on major global stock exchanges.

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“Insurers are preparing for an influx of claims, and KYND partners can quickly analyze their exposure to this global event,” Singh continued.

Source: KYND Launches US Cyber Risk Analysis for Insurers

Other News: KYND Gains Investment to Enhance Cyber Risk Management(Opens in a new browser tab).

Other News: Record-Breaking $75 Million Ransom Paid To Dark Angels Gang.

Cybersecurity, Risk Modeling Tags:Cyber Risk, Cyber Risk Analysis, cyberinsurance, Cybersecurity, KYND

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In this clip from our latest podcast, Dan Candee, CEO of Cork Protection, discusses a critical component of SMB cyber resilience—the evolving role of cybersecurity insurance. Dan highlights the need for nimbleness in cyber coverage, especially for small businesses that often bear the brunt of devastating attacks.

💬 Quote Highlight:
"At the end of the day, my business is to serve the SMB market... who is providing the most value fastest." – Dan Candee, CEO Cork Protection.

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Cyber Insurance for SMBs – What Needs to Change? | Dan Candee Interview
In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

🛡️ With a background in enterprise-level cybersecurity on Wall Street and a personal connection to small business through his family, Dan shares why Cork focuses on protecting small and mid-sized businesses from rising cyber threats.

🚨 "The threat actors are getting better, and they're coming after Main Street more and more."

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Cybersecurity for Main Street: Dan Candee on Protecting Small Businesses | CEO of Cork Protection
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
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