CPP makes £1.2 million investment in cyber risk startup KYND

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CPP Group plc (“CPP, or “the Group”), the international product innovation business, today announces that it has agreed to invest £1.2m to take a shareholding in the cyber risk start up KYND, further strengthening its innovative product catalogue and digital capabilities.

KYND will use proprietary cyber risk management technology to enable businesses to easily monitor and understand the cyber risks they face, take action when necessary and be alerted to future risks as they arise. Cyber threats are a significant and growing issue, as highlighted in the 2018 Allianz Global Risk Barometer which rated cyber as the fastest growing business risk facing any organisation.

KYND was founded by Andy Thomas who led consumer data and fraud protection company Garlik through to its acquisition by Experian and Mike Harris, the founding CEO of First Direct, Egg and ex CEO of Mercury who will be Chairman of the business.

Following the acquisition of Blink Innovation in March 2017, the investment in KYND further demonstrates CPP’s commitment to investing in innovative people, businesses and products that have relevance for its distribution partners internationally. The products…

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