-

Black Kite Announces First Ever Automated Cyber Risk Quantification Capabilities for Ransomware and Business Interruption Scenarios

New Models Provide Instant and Reliable Insight, Giving Companies the Power to Make Informed Decisions Regarding Third-Party Cyber and ESG Related Risk

BOSTON--(BUSINESS WIRE)--Black Kite, the leader in third-party cyber risk intelligence, today announced the release of automated cyber risk quantification (CRQ) modeling for ransomware and business interruption scenarios. The new capabilities, which automates FAIR™ methodology, extends Black Kite’s data breach CRQ model to now provide visibility into all third-party risk scenarios, adds environmental, social, and corporate governance (ESG) factors and makes it possible to continuously monitor supply chain risk.

“Cyber risk quantification provides deeper and more useful insights than a mere security score or rating. Yet, getting it right has traditionally been quite hard given the scale and complexity of the digital supply chain,” said Bob Maley, CISO at Black Kite. “By introducing these capabilities, our customers can now effortlessly and dependably conduct cyber risk quantification for all third-party use cases across thousands of vendors. What was once perceived as an insurmountable challenge is now an accessible reality for all.”

With the launch of two new modeling solutions for ransomware and business interruption scenarios, Black Kite now offers an expanded suite of capabilities to augment its existing risk management offerings:

  • Ransomware Scenario Modeling: With automated cyber risk quantification modeling for ransomware incidents, customers gain the ability to simulate and analyze the potential consequences of ransomware attacks, allowing for proactive measures and effective response strategies to safeguard critical assets and minimize financial losses.
  • Business Interruption Scenario Modeling: By incorporating business interruption modeling, businesses can assess and mitigate the potential impact of disruptive cyber events, ensuring continuity in the face of unforeseen incidents. This model includes ESG factors such as environment and geopolitical risk. By making ESG part of the overall Business Interruption scenarios Black Kite provides a quantitative approach to ESG rather than focusing on a vague score without context.

“Today’s cyber landscape demands proactive measures to anticipate and respond to potential business disruptions and ransomware attacks,” said Maley. “By understanding various attack vectors and their potential consequences, organizations can fine-tune their incident response plans, strengthen defenses and ensure business continuity in the face of ever-evolving threats.”

The FAIR™ Risk Model, short for Factor Analysis of Information Risk, is a powerful methodology that allows businesses to quantitatively assess and manage cyber risk. By automating cyber risk quantification modeling for business interruption and ransomware scenarios with Black Kite, organizations can proactively identify vulnerabilities, simulate potential impacts, assess the probable financial repercussions for each vendor, and develop effective response strategies.

Black Kite provides third-party risk intelligence from a technical, financial and compliance perspective to eliminate false positives and ensure a holistic approach to vendor risk management.

To learn more about Black Kite visit https://blackkite.com/.

About Black Kite

Black Kite is the only third-party cyber risk company to deliver the highest quality intelligence that helps leaders make better risk decisions for their organizations. Built from the hacker’s perspective, our standards-based third-party cyber risk monitoring platform is purpose-built to provide shareable and quantifiable analysis that prioritizes vendor risk, automates compliance framework mapping and transforms defensible risk decision-making.

With more than 1000 customers across the globe and counting, we’re committed to improving the health and safety of the entire planet’s cyber ecosystem with the industry’s most accurate and comprehensive cyber intelligence. Black Kite provides the only standards-based cyber risk assessments that fully analyze supply chain’s cybersecurity posture from three critical dimensions: technical, financial and compliance.

Contacts

Lane Kearney
Corporate Ink for Black Kite
blackkite@corporateink.com

Black Kite


Release Summary
Black Kite Announces First Ever Automated Cyber Risk Quantification Modeling Capabilities for Business Interruption and Ransomware Scenarios
Release Versions

Contacts

Lane Kearney
Corporate Ink for Black Kite
blackkite@corporateink.com

Social Media Profiles
More News From Black Kite

Black Kite Research: Ransomware Attacks Resurge with Victims Doubling in 2023

BOSTON--(BUSINESS WIRE)--Black Kite, the leader in third-party cyber risk intelligence, today released its highly anticipated report, “Ransomware Threat Landscape 2023™: Ransomware Resurgence”. The report provides a comprehensive analysis of 2,708 ransomware victims with detailed insights into attacks from April 2022 to March 2023. The findings reveal a major ransomware resurgence this year, with the number of victims in March nearly double that of last April and 1.6 times higher than the peak...

Security Luminaries Join Black Kite’s Board of Advisors

BOSTON--(BUSINESS WIRE)--Black Kite, the leader in third-party cyber risk intelligence, today announced Alpa Inamdar and JC Dodson have joined the company’s Advisory Board. Inamdar, a renowned strategic transformation leader, will bring her unique perspective on executing business strategies while Dodson, a pioneer in security risk management, will elevate the third-party risk conversation to C-suites and Boards for data-fueled decision making. “At Black Kite, we have the boldest minds in the i...

Black Kite Named a Strong Performer in 2023 Gartner® Peer Insights™ “Voice of the Customer” for IT Vendor Risk Management Solutions

BOSTON--(BUSINESS WIRE)--Leader in cyber risk intelligence meets or exceeds market average in overall experience and is the highest-rated vendor in strong performer quadrant....
Back to Newsroom