DynaRisk

UK-based DynaRisk is a cyber risk management startup that provides risk management tools, data, and insights for commercial and personal cyber insurers, reinsurers, managing general agents (MGAs), and managing general underwriters (MGUs).

DynaRisk’s Breach Check solution provides cyber intelligence data on 450 million companies globally and helps brokers streamline renewals and mitigate cyber risks for cyber insurance. The solution provides single risk analysis, portfolio risk analysis of insureds, and model portfolio analysis to determine security exposures. DynaRisk’s Breach Defence solution carries out security assessments to detect security vulnerabilities, leaked data records, hacker chatter, monitors for threats, and provides detailed guidance to resolve those. The solution is available in three languages for SMEs.

DynaRisk also determines the cybersecurity score of an organization by assessing several risk factors, and provides tailored actions to improve the cybersecurity score and security posture. The company measures score improvement over time, the impact on loss ratio, and more.

DynaRisk had access to more than 250 cyber criminal communities globally and its dataset comprised more than 30 billion records and over 100 billion entities as of June 2022. During the same period, DynaRisk’s products were deployed in eight countries and it served over 10,000 consumers and more than 4,000 companies.

Key customers and partnerships

DynaRisk supports multiple languages and provides white-label solutions to its partners including Chubb, Canopius, Hiscox, Ascot, and BOXX Insurance.

Funding and financials

In June 2022, the company raised over USD 7 million in a seed funding round. The funds were expected to be utilized to develop new products to widen business reach, meet the growing demand for its existing products, and expand geographically.