Black Kite Expands Cyber Risk Quantification Offering with Open FAIR-Based Assessments

New automated risk modeling capabilities help companies quantify financial impact of cyber threats during vendor onboarding and reviews.

Mar. 17, 2026 at 10:20am

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Black Kite, a leading provider of third-party cyber risk management solutions, has announced the release of its new Open FAIR-Based Risk Assessments. This feature extends Black Kite's Cyber Risk Quantification (CRQ) capabilities by automating the calculation of probable financial impact from data breaches, ransomware attacks, and other cyber incidents. The new offering brings CRQ directly into the cyber risk assessment workflow, enabling customers to instantly model the financial risk associated with onboarding new vendors or reviewing existing ones.

Why it matters

As cyber threats continue to evolve, companies are increasingly focused on quantifying the financial risk posed by their third-party partners and vendors. Black Kite's new Open FAIR-Based Risk Assessments allow organizations to make more informed, data-driven decisions around vendor selection, contract renewals, and insurance coverage by providing a clear, consistent view of the probable financial impact of potential cyber incidents.

The details

Black Kite's Open FAIR-Based Risk Assessments automate the process of populating the FAIR (Factor Analysis of Information Risk) model with data from the company's AI-powered cyber assessments. This allows customers to instantly calculate the probable financial loss associated with different cyber risk scenarios, such as data breaches or ransomware attacks. The new capabilities enable users to model various decision conditions, like onboarding a vendor only if data access is limited, and see how each scenario impacts the estimated financial risk.

  • Black Kite announced the new Open FAIR-Based Risk Assessments on March 17, 2026.

The players

Black Kite

A leading provider of third-party cyber risk management solutions, including continuous monitoring and risk assessments.

Chuck Schauber

Chief Product Officer at Black Kite.

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What they’re saying

“While technical data will remain foundational, we see the future of third-party risk management being led by financial risk, which will become the key metric for decision making, increasingly shaped by board-level expectations.”

— Chuck Schauber, Chief Product Officer (PRNewswire)

What’s next

Black Kite's new Open FAIR-Based Risk Assessments are now available as part of the company's cyber risk management platform.

The takeaway

Black Kite's automated risk quantification capabilities help companies make more informed, data-driven decisions about third-party vendors and cyber risk exposure, bridging the gap between technical assessments and financial impact.