KYND, a provider of next-generation cyber risk management technology and services, has been selected by Lombard Odier Investment Managers for its portfolio risk management solution.
Lombard Odier, an independent global wealth and asset manager, has selected KYND to implement continuous risk monitoring and actionable threat intelligence as an integral component of its portfolio management.
As part of this partnership, Lombard Odier’s investment teams will now benefit from access to KYND SIGNALS.
This service aims to transform the way investment firms identify, manage and mitigate complex cyber risks across their assets. The solution provides 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.
According to KYND, the cost of cybercrime globally is estimated to reach $6trn by the end of this year, and this figure is expected to hit $10.5trn by 2025, further escalating existing investor concern over cyber security within investment portfolios.
Alongside increased regulatory requirements and expectations around security and data protection, KYND said 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.
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.”
Earlier this year, KYND partnered with United Insurance Brokers (UIB) to help businesses gain control over cyber exposure.
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