LONDON - CPP Group Plc (AIM: CPP), a global provider of assistance services, has announced a significant new contract for its InsurTech subsidiary, Blink Parametric. Blink has entered into a global framework agreement with a leading US-based cybersecurity and credit reporting firm to integrate its "Blink CyberScan" dark web monitoring solution into their cyber services portfolio.
This strategic partnership will initially introduce Blink's monitoring services in four key European markets belonging to the unnamed US partner, with provisions for future expansion throughout their global operations. The service will be branded under the partner's name and aims to offer round-the-clock proactive online surveillance, alerting customers to potential compromises of sensitive information such as credit card and identity numbers.
The introduction of Blink CyberScan is part of Blink's commitment to developing cutting-edge, data-driven solutions for the cyber and global travel industries. Sid Mouncey, CEO of Blink Parametric, stated that the technology platform provided by Blink CyberScan is not only innovative but also adaptable for worldwide deployment. The solution is designed to enhance the digital security of end customers.
Mouncey further emphasized the importance of this agreement, viewing it as a key milestone in Blink's growth strategy. He highlighted the expansion of Blink's product line and market presence within the rapidly evolving travel and cyber sectors, alongside partnerships with multinational brands.
This collaboration represents a notable business win for CPP Group, which is known for delivering services that minimize life's everyday disruptions for millions of customers internationally. The financial terms of the agreement have not been disclosed.
The information for this report is based on a press release statement from CPPGroup Plc.
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