Written By: Jeffrey Wheatman

In the ever-evolving world of cybersecurity risk ratings, trust and accuracy are paramount. According to the latest edition of The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024, Black Kite has distinguished itself as a leader in the industry, particularly noted for its data quality and standards-based approach. The new report, which evaluates the top 10 providers in the market, emphasizes the crucial role of trust in cybersecurity risk ratings, advising CISOs to “obsess over trust.” Black Kite’s solution not only aligns with this directive but also excels in it, earning unanimous customer satisfaction for its rating accuracy.

Climbing the Leaderboard with Innovation

Since the previous report,  Black Kite has made significant strides, moving up on the leader ratings chart. We are now recognized as having one of the three strongest current offerings. This is a remarkable achievement for a company of our size and age, demonstrating that innovation and quality can propel us to compete with long-standing industry solutions. In fact, our platform’s enhancements in technical depth and breadth have been recognized, with Forrester stating:

“Since our previous evaluation, the company has vastly enhanced its platform’s technical depth and breadth.”

Why is Black Kite skyrocketing in the ranks of our competitors?

The Power of Standards-Based Ratings

Black Kite’s commitment to standards-based ratings directly addresses the industry’s integrity challenges. As Forrester reports:

“Black Kite’s unique focus on standards-based ratings tackles the industry’s ratings integrity problem head-on.”

This accolade is a testament to our dedication to providing reliable, transparent, and trustworthy data, and we firmly believe (and it looks like Forrester and every single one of our customers agree) that our adherence to open standards builds trust. Proprietary scoring systems simply won’t cut it in a landscape that demands transparency and accountability.

Leading in Third-Party Cyber Risk Quantification and Analytics

Black Kite was one of only three vendors to receive top marks in Third-Party Cyber Risk Quantification, and we are the sole provider doing so through open standards. This unique approach underscores our commitment to trust and accuracy. What’s more, our Ransomware Susceptibility Index® (RSITM) provides a well-rounded view of risk throughout the supply chain by showing weak spots that ransom groups are likely to target.

As Forrester states:

“It also features native FAIR-based risk quantification for third-party risk scenarios, and its Ransomware Susceptibility Index, which strengthens its security analytics.”

Excellence in Questionnaire Management

Despite the industry’s desire to eliminate questionnaires, they remain a vital tool for cybersecurity assessments. Forrester praises our questionnaire management capabilities, placing us well above competitors. Our advanced AI document-parsing tool enhances compliance artifact analysis, streamlining the assessment process and reducing the burden on our clients. As Forrester states:

“It’s strong in third-party vendor discovery and security assessment questionnaires, including an AI document-parsing tool that analyzes compliance artifacts to streamline assessments.”

Unanimous Customer Validation

The unanimous satisfaction of our customers speaks volumes about our platform’s reliability and effectiveness. Forrester states:

“It’s the only vendor in this evaluation whose customers were unanimously satisfied with its rating accuracy.”

This resounding endorsement makes us especially proud. It underscores Black Kite’s commitment to excellence and our unparalleled ability to meet and exceed customer expectations in cybersecurity risk ratings.

The Future of Cybersecurity Risk Ratings

The cybersecurity landscape is constantly evolving, and so are we. Our current capabilities are top-tier, and we are dedicated to continuous innovation. Black Kite offers simple pricing, easy deployment, and usability without the need for extensive consulting services. Our solution is designed to deliver immediate value, making us a versatile and invaluable partner for any organization.

As this report reveals, Black Kite is not just a competitor; we are a leader in providing high-quality, trustworthy data that supports better decision-making. Our alignment with a standards-based approach is the future of cybersecurity risk ratings, and we are proud to be at the forefront of this transformation. 

Our commitment is clear: to create a platform built on trust and accuracy. This latest report from Forrester validates our efforts and confirms that we are on the right path. In a world where trust is the currency of success, Black Kite stands out as the provider you can rely on. See for yourself with a personalized demo.

Download the full report: The Forrester Wave™: Cybersecurity Risk Ratings Platforms, Q2 2024.

Ultimately, securing a constantly shifting tech ecosystem comes down to getting the right cyber threat intelligence on relevant risks

Take our platform for a test drive and request a demo today.