Black Kite today announced the release of Open FAIR™-Based Risk Assessments, which extends its CRQ capabilities to its AI-powered cyber assessment offering. Black Kite fully automates the calculation of probable financial impact in the event of a data breach, ransomware attack, or business disruption scenario using the industry-leading Open FAIR™ methodology, eliminating the complexity and manual effort typically associated with CRQ analysis. This latest release brings CRQ directly into the cyber risk assessment workflow, enabling customers to instantly calculate financial risk during onboarding and periodic risk reviews.
As the industry’s first provider to automate Cyber Risk Quantification (CRQ) for third party risk management, Black Kite has long delivered real-time CRQ through its continuous monitoring offering. These insights help them prioritize remediation efforts and vendor outreach, and clearly communicate risk and program success to executive and business stakeholders.
By introducing Open FAIR™-based risk quantification into the assessment workflow, customers can model onboarding decisions through “what-if” analysis. For example, they can simulate how sharing more or fewer records with a vendor impacts financial risk so that they can set clear vendor approval conditions. Additionally, customers are able to view real-time CRQ alongside assessment-based CRQ captured at onboarding and during periodic risk reviews to track how vendor risk is trending over time.
Customer key benefits include:
- Turn risk decisions into business decisions: Instantly quantify a company’s financial risk during onboarding and annual assessments to inform vendor selection, renewal decisions, and even insurance underwriting.
- Clearer vendor comparisons: Use a consistent financial risk language (e.g., “Are we willing to accept $10M vs. $2M of cyber risk in a ransomware scenario?”) to objectively compare vendors and select the best option.
- Understand risk trends over time: Track how a vendor’s financial risk changes by comparing point-in-time CRQ from assessments with real-time CRQ from continuous monitoring to get a high-level understanding of vendor maturity, remediation progress, and the impact of outreach campaigns over time.
- Model scenarios with full customization: Adjust model inputs to test different decision conditions, like onboarding a vendor only if data access is limited, and see how each scenario changes probable financial impact.
Open FAIR™-Based Risk Assessments key features include:
- Automated FAIR model population: Never start with a blank model with Open FAIR™ factors that are automatically populated and enhanced by assessment responses, uploaded documentation, and insights from continuous monitoring.
- Assessment-based private modeling: Run private, assessment-specific analysis to estimate probable financial risk impact at key moments, such as onboarding, renewal, post major outreach campaign, and more.
- Full customization: Customize exposure metrics and FAIR inputs across key scenarios or entirely custom scenarios to test different assumptions.
For more information, visit https://blackkite.com/platform/financial-impact.
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This entry was posted on March 17, 2026 at 8:45 am and is filed under Commentary with tags Black Kite. You can follow any responses to this entry through the RSS 2.0 feed.
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Black Kite Introduces Open FAIR™-Based Risk Assessments
Black Kite today announced the release of Open FAIR™-Based Risk Assessments, which extends its CRQ capabilities to its AI-powered cyber assessment offering. Black Kite fully automates the calculation of probable financial impact in the event of a data breach, ransomware attack, or business disruption scenario using the industry-leading Open FAIR™ methodology, eliminating the complexity and manual effort typically associated with CRQ analysis. This latest release brings CRQ directly into the cyber risk assessment workflow, enabling customers to instantly calculate financial risk during onboarding and periodic risk reviews.
As the industry’s first provider to automate Cyber Risk Quantification (CRQ) for third party risk management, Black Kite has long delivered real-time CRQ through its continuous monitoring offering. These insights help them prioritize remediation efforts and vendor outreach, and clearly communicate risk and program success to executive and business stakeholders.
By introducing Open FAIR™-based risk quantification into the assessment workflow, customers can model onboarding decisions through “what-if” analysis. For example, they can simulate how sharing more or fewer records with a vendor impacts financial risk so that they can set clear vendor approval conditions. Additionally, customers are able to view real-time CRQ alongside assessment-based CRQ captured at onboarding and during periodic risk reviews to track how vendor risk is trending over time.
Customer key benefits include:
Open FAIR™-Based Risk Assessments key features include:
For more information, visit https://blackkite.com/platform/financial-impact.
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This entry was posted on March 17, 2026 at 8:45 am and is filed under Commentary with tags Black Kite. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.