LogicGate’s Risk Cloud compliance platform has added integration with Black Kite, which offers cyber ratings, Open FAIR financial risk quantification, compliance correlation and a ransomware susceptibility index, LogicGate announced.
“At LogicGate, we’re seeking ways to help our customers make objective decisions about the risks they face, rather than relying on gut feel,” Jon Siegler, chief product officer of LogicGate, said in a news release. “With the integration of Black Kite to our existing Risk Cloud third-party risk management application and Risk Cloud Quantify, we’re equipping organizations with a powerful solution to proactively assess risks posed by third-parties and share findings with stakeholders in terms everyone can understand.”
Like Risk Cloud Quantify, Black Kite uses the Open FAIR model to calculate the financial impact of risk, LogicGate said in the news release, making the technology ideal for companies already using Risk Cloud Quantify to convert ambiguous data to monetary values.
“This partnership couldn’t be a better fit. It feels like the natural progression of Black Kite becoming a LogicGate customer, and we share LogicGate’s perspective on risk quantification as the way forward for risk professionals,” Bob Maley, chief security officer at Black Kite, said in the release. “Our product fits seamlessly into the powerful risk quantification functionality LogicGate already offers its customers. We’re confident this integration will help organizations incorporate security ratings into their cyber risk programs, scale their third-party risk programs and increase their precision to communicate risk to stakeholders.”
Integration with Black Kite comes at a busy time for LogicGate, as the company has recently expanded its executive team in an effort to support strategic growth, expanding its executive team and closing a $113 million Series C funding round in 2021. The company also was named one of the Chicago Tribune’s top workplaces for the second straight year in 2021.