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Black Kite Research Reveals Growing Persistence, Sophistication and Aggression Within Cybercrime Ecosystem

BOSTON – April 30, 2024

Black Kite Research & Intelligence Team (BRITE) analysis of nearly 4,900 ransomware attacks sheds light on the evolving tactics of cybercriminals, their operations and the profound impact on victims worldwide

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Black Kite Gives Organizations the Power to Solve Nth-Party Cyber Risk With First-of-its-Kind Supply Chain Monitoring Module

April 2, 2024

Black Kite, the leader in third-party cyber risk intelligence, today announced the availability of its Supply Chain & Nth Party Monitoring module. The new solution is the first in the industry to combine Nth-Party and high-profile cyber risk intelligence, including cascading and concentration risk, so organizations can anticipate and mitigate security incidents in their supply chains. In doing so, they can avoid the impacts these incidents have on their businesses, such as breaches at their own organizations, or damaging business disruptions.

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Black Kite’s Fifth Annual Third-Party Breach Report Highlights Ripple Effects of Cyber-Ecosystem Breaches

March 21, 2024

Black Kite, the leader in third-party cyber risk intelligence, today released its fifth annual Third-Party Breach Report. The industry’s most comprehensive report, which is based on observable data and real incidents, analyzed 81 vendor breaches impacting 251 companies in 2023. In it the Black Kite research and intelligence team (BRITE) highlighted how third-party data breaches create critical weak spots in extended networks, potentially leaving businesses open to cyber attacks, which can have a negative ripple effect across the organization and its vast stakeholders.

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Black Kite Unveils Industry’s First Monthly Ransomware Dashboards

January 24, 2023

Black Kite, the leader in third-party cyber risk intelligence, today unveiled the industry’s first monthly ransomware dashboard, featuring crucial insights for security teams, media, analysts, and other industry leaders. The resource provides data, graphs, trends, and key insights from Black Kite’s threat intelligence team about the top ransomware groups, their victims, and attack patterns. Black Kite also analyzes the top ransomware indicators to identify common vulnerabilities exploited by active ransomware groups, and using data and machine learning, Black Kite’s Ransomware Susceptibility Index (RSI) paints a comprehensive picture of the industry-specific cyber-risks that organizations face each month.

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Black Kite Added to the Department of Homeland Security’s Continuous Diagnostics and Mitigation Program’s Approved Products List (CDM APL)

Sep 19, 2023

Black Kite, the leader in third-party cyber risk intelligence, today announced that it has been added to the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Program’s approved products list (APL) under the risk assessment capabilities. The inclusion of Black Kite’s solution strengthens national cybersecurity by empowering federal agencies with enhanced capabilities to safeguard critical assets.

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Three New Solutions from Black Kite Automate Compliance of Third-Party Cyber Assessments with Industry’s First Cyber-Aware AI Engine

Aug 8, 2023

Black Kite, the leader in third-party cyber risk intelligence, today unveiled three new features that automate cyber-ecosystem risk compliance. Together, Black Kite Enterprise Frameworks and Black Kite Compliance Gap Analysis — along with Black Kite Parser 2.0 — take a time-consuming process and make it scalable by eliminating much of the manual effort required for third-party compliance assessments, cutting manual effort from days or weeks down to minutes. Together, these three capabilities are transforming compliance automation for companies worldwide.

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

Jun 20, 2023

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.

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

Apr 25, 2023

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 month in 2022.

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Security Luminaries Join Black Kite’s Board of Advisors

Mar 28, 2023

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.

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

Mar 23, 2023

Black Kite, the leader in third-party cyber risk intelligence, was recognized today as a Strong Performer in the latest Gartner Peer Insights™ Voice of the Customer: IT Vendor Risk Management Solutions report. Based on end-user feedback, 94% of customers that reviewed Black Kite would recommend the platform to their peers – the highest percentage among all other vendors in this report.

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Cyber Breach Impact and Destruction Levels Doubled in 2022, According to Black Kite Research

Feb 1, 2023

Black Kite, the leader in third-party cyber risk intelligence, today released its annual Third-Party Breach Report, which examines the impact of third-party cyber breaches in 2022. The level of breach impact and destruction was catastrophic, doubling in 2022 with 4.73 affected companies per vendor compared to 2.46 companies per vendor in 2021. With 63 third-party breaches analyzed and at least 298 publicly disclosed victims last year alone, the magnitude of attack continues to increase significantly, putting organizations at heightened risk in 2023.

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Black Kite Names Eireann Connolly as Chief Revenue Officer

Dec 8, 2022

Black Kite, the only Cyber Security Security Ratings Service (SRS) to deliver the highest quality intelligence, today announced the appointment of Eireann Connolly as Chief Revenue Officer. A distinguished leader in building high-performing sales teams, Connolly will support Black Kite in driving customer and revenue growth as the company experiences record demand.

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Aravo Integration with Black Kite Helps Improve Cybersecurity Defenses

Nov 2, 2022

Aravo and Black Kite today announced a new partnership designed to empower organizations to improve their cybersecurity defenses by quantifying and monitoring cyber risk across the extended enterprise.

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Black Kite Wins Two 2022 CISO Choice Awards for its Leading Cyber Risk Monitoring Platform

Oct 25, 2022

Black Kite, the leader in third-party cyber risk intelligence, today announced it was awarded two 2022 CISO Choice Awards by CISOs Connect™ for its technology platform and business practices. Black Kite won the Partner in Success and Third Party Risk Management categories, which were selected by a panel of 12 leading CISOs.

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Black Kite Finds Cost of Data Breach Averages $15.01M

Aug 2, 2022

Black Kite, the leader in third-party cyber risk intelligence, today released The Cost of a Data Breach: A New Perspective, a global analysis curated with Open-Source Intelligence (OSINT) that examines the financial impact of 2,400 cyber incidents between 2017-2022. The most notable takeaway: of the 1,700 companies with a digital presence that could still be monitored, the overall average cost of a data breach is now $15.01 million.

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New Black Kite FocusTags Provide Instant Visibility of High-Profile Cyber Events at Scale

Jun 14, 2022

Black Kite, the leader in third-party cyber risk intelligence, announces the availability of FocusTags™, a fast and simple way for users to track high-profile cyber events and quickly identify which vendors have been affected within their supply chain. This latest capability furthers the company’s mission to provide continuous monitoring of vendors to identify and mitigate ransomware and other risks. FocusTags are automatically applied following high-profile cyberattacks but can also be added to help with supply chain organization.

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New Black Kite Research Reveals Top 100 U.S. Defense Contractors at Risk for Ransomware Attack

May 24, 2022

Black Kite, the leader in third-party cyber risk intelligence, today released Centralizing Supply Chain Cybersecurity: U.S. Federal Government Risk in 2022, which finds cyber risks for top defense contractors are rising. Most notably, 72% of contractors have had at least one leaked credential in the last 90 days – a 71% increase from six months ago.

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Black Kite Achieves SOC 2 Type II Accreditation

May 17, 2022

Black Kite, the leader in third-party cyber risk intelligence, today announced it has successfully completed its Systems and Organizational Control (SOC) 2 Type II examination. It received accreditation for meeting the American Institute of Certified Public Accountants’ (AICPA) high requirements in Security, Availability and Confidentiality.

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New Data Finds Phishing Attacks Could Impact 82% of the Largest Insurance Carriers

Apr 5, 2022

Black Kite, the leader in third-party cyber risk intelligence, today released A Fight for Coverage: Cyber Insurance Risk in 2022, a report that examines rising cyber risk concerns and ransomware susceptibility in the insurance sector. The most notable takeaway: nearly 20% of the top 99 insurance carriers have a high susceptibility to ransomware.

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Gartner Analyst Joins Black Kite as New Cyber Risk Evangelist

Mar 29, 2022

Black Kite, the leader in third-party cyber risk intelligence, today announced former Gartner analyst Jeffrey Wheatman has joined the company as Senior Vice President Cyber Risk Evangelist (SVP CRE). Wheatman will not only help clients identify and understand their cyber threat risks, but work with them to strengthen their infrastructure and mitigate third-party risk.

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Black Kite Named a Customers’ Choice in the 2022 Gartner Peer Insights™ ‘Voice of the Customer’: IT Vendor Risk Management

Mar 7, 2022

Black Kite, the leader in third-party cyber risk intelligence, was recognized today as a Customers’ Choice in the latest Gartner Peer Insights™ ‘Voice of the Customer’: IT Vendor Risk Management’ report. Based on end-user feedback (32 reviews as of Nov ‘21), 100% of the customers that reviewed Black Kite would recommend the platform to their peers, and the company is one of only two vendors to score perfectly in that category.

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Black Kite Offers Free Self-Monitoring as Third-Party Cyber Risk Increases

Mar 3, 2022

Black Kite, the leader in third-party cyber risk intelligence, today announced a free self-monitoring license for all customers with the purchase of 15 continuous annual vendor licenses. The offer follows an increasing demand for vendor risk management following a recurring annual spike in third-party breaches.

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Ransomware Accounted for 27% Of Third-Party Attacks in 2021, According to Black Kite’s Annual ‘Third-Party Breach Report’

Jan 20, 2021

Black Kite, the leader in third-party cyber risk intelligence, today released its annual Third-Party Breach Report, which examines the impact of third- party cyber breaches in 2021.Ransomware was the most common attack method behind third-party breaches in 2021, initiating more than one out of four incidents analyzed.

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Black Kite Platform Wins Dual Risk Management Innovation Awards

Oct 26, 2021

Black Kite, the standard in third-party cyber risk ratings, has won the CISO Choice Award for Risk Management for a second consecutive year.

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Black Kite Raises $22M to Meet Aggressive Demand for Vendor Risk Management

Oct 13, 2021

Black Kite, the standard in third-party cyber risk ratings, announced today a $22 million Series B investment led by Volition Capital, with participation from existing investors Moore Strategic Ventures, LLC (MSV), Glasswing Ventures, and Data Point Capital.

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25% Of Largest U.S. Energy Companies Highly Susceptible to a Ransomware Attack, New Black Kite Research Finds

Oct 4, 2021

One-quarter of the 150 largest energy companies in the U.S. are highly susceptible to a ransomware attack, new research from Black Kite revealed today.

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15% Of the Nasdaq 100 Is Highly Susceptible to a Ransomware Attack, New Black Kite Research Finds

Sep 15, 2021

More than 90 percent of Nasdaq-100 companies are operating out-of-date systems, and 82 percent have publicly visible ports, increasing the risk of a ransomware attack, new Black Kite research revealed today.

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Black Kite Launches Aviator Partner Program to Expand Deployment of Trusted Cyber Risk Ratings Solutions

Aug 16, 2021

Black Kite, the trusted cyber risk ratings company, today launched the Black Kite Aviator partner program. Aviator enables IT solutions providers to bolster their portfolio of cyber risk services and help customers secure their supply chains. More than 50 companies have already signed on to the Aviator program.

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Research Uncovers Ransomware Susceptibility for Pharmaceutical Manufacturing Supply Chain, with $31.1M at Risk

May 18, 2021

New research in Black Kite’s 2021 Ransomware Risk Pulse: Pharmaceutical Manufacturing reveals one in 10 global pharmaceutical manufacturers are at a high risk of suffering a ransomware attack. The report evaluates the cybersecurity posture of the 200 largest global pharmaceutical companies and 166 associated third-party vendors, uncovering the biggest threats facing the supply chain.

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New Automated Tool Calculates Supply Chain Ransomware Susceptibility

May 3, 2021

Black Kite, a leading cybersecurity ratings provider, today released the first automated ransomware service that assesses the likelihood of a ransomware attack on organizations and their vendors, suppliers, and business partners. The Ransomware Susceptibility Index (RSI) enables companies to gauge the ransomware attack risk of any vendor within minutes.

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Credit Union Industry Risks Significant Financial Impact Due to Cybersecurity Vulnerabilities

March 16, 2021

Cybersecurity vulnerabilities among credit unions and their vendors create the potential for large financial impacts to the credit union industry, according to the 2021 Third-Party Risk Pulse: Credit Unions and Vendor Ecosystems report released by Black Kite today.

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Black Kite Partners with Templar Shield to Expand Availability of Third-Party Risk Management and Cyber Risk Ratings Services

March 4, 2021

Black Kite, a leading cybersecurity ratings provider, today announced a value-added reseller agreement with Templar Shield, a premier information security, risk and compliance technology professional services firm. The partnership combines Black Kite’s software- as-a-service (SaaS) cyber risk tools with Templar Shield’s third-party risk management (TPRM) consulting services.

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Cyber Risk Ratings Leader NormShield Rebrands to “Black Kite”

January 11, 2021

Black Kite, the cyber risk rating company, announced today the closing of $7.5 million in Series A funding led by Moore Strategic Ventures, LLC (MSV). The financing round also includes participation from existing investors, Glasswing Ventures and Data Point Capital. Since its inception in 2016, Black Kite has secured a combined total of $11.1 million in financing.

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NormShield Secures $7.5 Million in Series A Funding

October 6, 2020

NormShield, the cyber risk rating company, announced today the closing of $7.5 million in Series A funding led by Moore Strategic Ventures, LLC (MSV). The financing round also includes participation from existing investors, Glasswing Ventures and Data Point Capital. Since its inception in 2016, NormShield has secured a combined total of $11.1 million in financing.

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VendorInsight and NormShield Announce Partnership to Provide Advanced Cybersecurity Monitoring Services

November 12, 2019

VendorInsight®, a leading provider of vendor risk SaaS software and integrated vendor evaluation reporting, today announced its OEM Partnership with NormShield® and its Cyber Risk Monitoring solutions.

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NormShield Enables Organizations to Calculate Potential Financial Impact of Cyber Attacks on Suppliers and Partners

September 24, 2019

No matter how hardened a company’s cyber defenses are, significant risk remains when suppliers and third-party trading partners are attacked and compromised. Today, NormShield, the only provider of a standards-based external cyber risk assessment platform, unveiled the first-ever automated tool to combine and assess both cyber and financial risk.

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NormShield Research Finds Presidential Candidates Making The Most of Cybersecurity Investments

June 25, 2019

The list of declared Presidential candidates is long and diverse but all seem to be on the same page when it comes to their cybersecurity protections, according to new research from NormShield, the only provider that assesses and prioritizes the cyber risk of any organization within 60 seconds.

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DVV Solutions Enhances its Third-Party Cyber Risk Capabilities with NormShield’s Scorecards

May 30, 2019

DDVV Solutions, a leading provider of Third-Party Risk Management (TPRM) and IT Security services, today partnered with NormShield, the only provider of standards-based external cyber risk assessment and mitigation recommendations. DVV Solutions customers will now have the capability of assessing, measuring and mitigating cyber risk associated with their suppliers and third parties.

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Fastest Growing Companies Keep Pace Managing Cyber Risk, but Blind Spots Remain According to NormShield Cyber Risk Scorecard Research

May 10, 2019

The 50 fastest growing companies in the U.S. all earn above average cybersecurity risk scores, but half fail to protect their customers, partners, and employees from phishing risk, NormShield, the only provider of standards-based cyber risk assessment and mitigation tools, revealed today.

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SUPPLY WISDOM AND NORMSHIELD PARTNER TO ENHANCE CYBERSECURITY COVERAGE

April 10, 2019

A new partnership between Supply Wisdom, the industry-leading continuous risk monitoring solution, and NormShield, the only provider of standards-based cyber risk assessment and mitigation tools, will provide global enterprises with comprehensive risk coverage to eliminate the need for subscriptions with multiple risk intelligence vendors.

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NormShield Launches Industry-First Rapid Cyber Risk Scorecard

April 1, 2019

NormShield, provider of on-demand cyber risk scorecards for enterprises, has launched its industry-first Rapid Cyber Risk Scorecard, the only risk assessment solution that delivers detailed, accurate data on any company’s security vulnerabilities in 60 seconds or less.

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NormShield Recognized on The 10 Most Promising Cybersecurity Solution Providers List

December 25, 2018

“CIOReview has shortlisted the most cutting-edge solutions that offer tailor-made and efficient solutions for cybersecurity”. The annual list consists of 10 companies at the forefront of providing cybersecurity solutions and impacting the industry.

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