LogicGate®, a leading provider of transformative risk and compliance solutions, today announces its partnership with Black Kite, a leader in third-party cyber risk intelligence, to enhance its holistic risk quantification solution for third parties. The integration of Black Kite’s cyber ratings, Open FAIR™ financial risk quantification, compliance correlation and Ransomware Susceptibility Index™ into LogicGate’s Risk Cloud® platform offers executives unmatched insight into their risk posture to better help them manage cyber risks with suppliers and partners.
“At LogicGate, we’re seeking ways to help our customers make objective decisions about the risks they face, rather than relying on gut feel,” says Jon Siegler, Chief Product Officer of LogicGate. “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.”
With functionality that goes far beyond heat maps, Black Kite’s integration with Risk Cloud’s Third-Party Risk Management Application and Risk Cloud Quantify™ helps organizations determine which vendors pose the highest threat to their business. Like Risk Cloud Quantify, Black Kite uses the Open FAIR model to calculate the financial impact of risk. When used in tandem with Risk Cloud Quantify, this integration fosters a strong risk culture by converting ambiguous data into monetary values.
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“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,” says Bob Maley, Chief Security Officer at Black Kite. “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.”
The partnership comes at a pivotal time, as LogicGate has upgraded its audit capabilities to eliminate silos between risk, compliance and audit teams, supporting a holistic GRC program. At the same time, LogicGate has expanded its executive team to support strategic growth through the hiring of CFO Kara Smith and CPO Caroline Werner, following the closing of its $113 million Series C funding round in 2021. As a result of its commitment to excellence, LogicGate was named a Gold Winner in the 2022 Cybersecurity Excellence Awards, a leader in G2’s list of leading GRC platforms for the 11th consecutive quarter and was awarded Chicago Tribune’s Top Workplace for the second year in a row.
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