Ransomware Risk: Automotive Manufacturing in 2021 Read more →

Cyber Risk in Financial Terms

Using the Open FAIR™ model, Black Kite calculates the probable financial impact (risk) to your organization in the case of a cyber breach.

Free FAIR Report

Most CFOs agree a real-time financial data model is critical to enable better business decisions, forecasting models and data accuracy.

Less than half of organizations conduct risk identification quarterly or more often.

Nearly one in 4 CFOs agree real-time insights are the highest priority for their finance function.

Based on Open FAIR™

Open FAIR™ is the only international standard Value at Risk (VaR) model for cybersecurity and operational risk.

Black Kite uses the Open FAIR™ model to calculate the probable financial impact if a third-party vendor, partner, or supplier experiences a breach.

Measure Cyber Risk in Financial Terms

For the first time, CISOs, CROs, and CFOs have an automated tool that measures the probable financial impact of cyberattacks against your company or your vendors, suppliers, and trading partners — and communicates risks in quantitative, easy-to-understand business terms.

Mature Your TPRM Program

Having the capacity to use an Open FAIR™ assessment at scale for third-party risk management will elevate your risk management program. This tool will help attain the goal of cost-effectively achieving and maintaining an acceptable level of loss exposure, while also clearly conveying the breadth of risk factors across the organization.

Technical and Financial Correlations

A score alone lacks context related to business impact. FAIR helps fill the gaps in other risk management frameworks by providing a proven and standard risk-quantification methodology that can be leveraged with other frameworks.

Getting Started

Step 1
Designate a FAIR evangelist

Not everyone in the TPRM program will need to be FAIR-fluent. Designate one member to take the time to learn and train, and then share their knowledge with the rest of the team.

Step 2
Find support from other departments

Make sure everyone is on board. Identity folks within your organization and share your roadmap for integrating FAIR into your TPRM to ensure board support at all levels of management.

Step 3
Develop a clear value proposition

Gaining support from key stakeholders is essential. Look for initial projects that will result in quick, meaningful wins to prove the value of FAIR to your organizations decision makers.

Step 4
Prioritize training and education

FAIR evangelists should familiarize themselves with essential books, blogs and other critical resources. The challenge of certain biases including heat maps may also need to be addressed.

Trusted by

What Our Clients Are Saying

RECENT UPDATES

SIMPLIFYING VENDOR SECURITY ASSESSMENTS, PART II: Questions to Ask Along the Road
SIMPLIFYING VENDOR SECURITY ASSESSMENTS, PART II: Questions to Ask Along the Road
As we discussed in Part I: Designing Your VRA Roadmap, a successful vendor security audit program requires organizati…
Read More
SIMPLIFYING VENDOR RISK ASSESSMENTS, PART I: Designing Your VRA Roadmap
SIMPLIFYING VENDOR RISK ASSESSMENTS, PART I: Designing Your VRA Roadmap
Cybercriminals have averted from high-value targets, and are now honed in on those organizations with weaker cyber po…
Read More
The Top Five Third-Party Data Breaches in June 2021, Revealed
The Top Five Third-Party Data Breaches in June 2021, Revealed
Automotive manufacturers have stepped up into the passenger’s seat of the cybercrime hit list. Digital transformation…
Read More
Ransomware Day Strikes Again: What Kaseya Should Teach Us
Ransomware Day Strikes Again: What Kaseya Should Teach Us
By Bob Maley, CSO, Black Kite Black Kite does not utilize Kaseya servers nor work with Kaseya in any way. After…
Read More
The Most Common Cybersecurity Threats Facing Supply Chains in 2021
The Most Common Cybersecurity Threats Facing Supply Chains in 2021
As we enter the second half of 2021 and reflect back on the previous six months, it’s clear that all eyes are now on …
Read More

Ready to get started?