Source: DynaRisk

London-based cyber risk management firm DynaRisk has announced a $4.7million funding round led by YFM Equity Partners (YFM) to accelerate product innovation and fuel international expansion.

Commenting on the investment, Andrew Martin, CEO of DynaRisk, said: “Brokers, MGAs and (re)insurers are rushing to tap the fast growing cyber insurance market as cyber risk is now one of the most pressing challenges for consumers and SMEs globally. While working with global banks, I saw how larger corporations were using expensive and complex enterprise-level software and services and wanted to put these in the hands of more people.

DynaRisk works with (re)insurers, brokers and MGAs to help them empower individuals and businesses with the tools they need to protect themselves online, with a suite of threat intelligence driven SaaS products, portfolio-level monitoring and helpline services. It does this by embedding its cyber‑risk solutions into insurance offerings, with its software providing vulnerability scanning, dark web monitoring, cybersecurity scores, training and education, and tailored remediation guidance. DynaRisk’s solutions allow brokers, underwriters and claims teams to grow premiums, enrich underwriting, boost policyholder engagement, and help reduce claims and loss ratios by helping to prevent cyber-attacks.

“DynaRisk bridges that gap for the insurance sector, helping them protect their policyholders with industry-leading threat intelligence backed risk management and underwriting software, along with cyber incident response services. YFM quickly understood our vision and their support will be critical as we scale globally and continue to evolve our platforms to meet growing demand.”

Read the full article: https://dynarisk.com/about-us/news-room/dynarisk-raises-usd4-7m-to-shape-the-future-of-cyber-insurance