HDI backs London-based cybersecurity start-up CybSafe

Hannover Digital Investments GmbH, the venture capital arm of insurance group HDI Group, has invested in London-based cybersecurity start-up CybSafe.

CybSafe is a behavioural science and data analytics company that helps organisations manage human cyber risk. Its technology is said to be used by over 350 companies, including Credit Suisse, Air Canada, HSBC and NHS Trusts.

CybSafe enables security teams to reduce risk in changing environments by helping organisations track, measure and understand individual behaviour, delivering instant, personalised support for users at the appropriate moment.

“We believe in CybSafe's business model. What we find especially exciting about its approach is the emphasis placed on human behaviour,” said Ulrich Wallin, managing director of Hannover Digital Investments GmbH. “CybSafe improves security culture in a way that can be measured and gives unparalleled insights to allow customers to pre-empt security problems, taking a long-term view on behavioural change.”

Oz Alashe MBE, CEO and founder of CybSafe, said: “We’re excited to have Hannover Digital Investments on board as an investor in CybSafe. The insurance industry will play an increasingly important role in global efforts to ensure business continuity in the digital age. CybSafe’s focus on collecting and analysing human cyber risk data will be of huge benefit to the insurance industry. We are able to help manage and reduce risk, and understand it better.

"HDI has a breadth of experience in investing in cyber security. Its expert knowledge will be of significant value as CybSafe continues to grow and help more organisations across the globe.”

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