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.
“Organizations will always prioritize self-monitoring – but year after year, the increasing risk lies with your most vulnerable partners and suppliers,” said Paul Paget, CEO of Black Kite. “Black Kite’s platform is built for identifying third-party risk. This free self-monitoring license means you no longer have to choose either/or. We’re helping companies reallocate costs to what’s important as third-party cyber risk continues to skyrocket.”
According to Gartner, only 17% of Supplier Risk Management (SRM) leaders continuously monitor third parties and suppliers in real time. Black Kite Research identified that only 5% of these leaders are monitoring their overall digital supply chain. These statistics are alarming, especially as a recent survey of 250 CISOs revealed 69% of companies expect to be hit by a ransomware attack in 2022.
In fact, Black Kite’s annual Third-Party Breach Report uncovered 1.5 billion users’ personally-identifiable information (PII) was leaked as a result of third-party breaches in 2021, with ransomware initiating more than one out of four incidents analyzed.
In an effort to make third-party risk management accessible to organizations of all shapes and sizes, Black Kite’s self-monitoring initiative will further the organization’s vision: To improve the health and safety of the entire planet’s cyber ecosystem.
“Not only can our platform gather intelligence on any company in the world, it delivers the intelligence to end users in minutes,” said Chris Bush, Chief Customer Officer at Black Kite. “With this leading intelligence, stakeholders can focus on the real issues important to their business.”