Life360 Inc. (360.AU) saw its stock soar by 5.07% during Thursday's trading session following the announcement of a strategic executive appointment. The family safety and connection company has named Vari Bindra, a former Amazon cybersecurity lead, as its new Chief Information Security Officer (CISO), signaling a strong commitment to enhancing its digital security measures.

Bindra brings over two decades of experience in information and cybersecurity from global brands including Amazon, Blackhawk Network, Fisher Investments, and Intuit. At Amazon, he led security, risk, and privacy efforts for Amazon Retail Stores, including Whole Foods Market and Amazon Go. This high-profile appointment has been well-received by investors, who see it as a positive step towards strengthening Life360's security infrastructure.

The creation of this new CISO role underscores Life360's dedication to safeguarding the digital well-being of its growing user base, which stood at approximately 76.9 million monthly active users as of September 30, 2024. As the company continues to scale its operations across more than 170 countries, this move is likely seen as crucial for maintaining trust and ensuring the privacy of millions of families worldwide, thereby potentially driving future growth and user acquisition.