Open FAIR hits cyber risk tools
Black Kite added Open FAIR‑based financial risk modelling to its third‑party cyber risk assessments, letting firms quantify vendor risk in dollar terms instead of only technical metrics. That closes a gap between cyber posture and balance‑sheet exposure—useful for credit and counterparty risk models. (msspalert.com)
Black Kite issued a PR announcing “Open FAIR™-Based Risk Assessments” from its Boston headquarters on March 17, 2026. (prnewswire.com) The company positioned the launch as an expansion of its Cyber Risk Quantification (CRQ) offering that embeds automated financial‑impact calculations directly into third‑party assessment workflows. (blackkite.com) Black Kite says the module applies the Open FAIR methodology to model specific incident scenarios — including ransomware, data breaches and business disruption — for use during vendor onboarding and periodic reviews. (msspalert.com) The new capability is described as an extension of Black Kite’s AI‑powered cyber assessments and continuous monitoring, enabling “always‑on” CRQ as part of the same assessment pipeline the company launched in June 2025. (vmblog.com) Chuck Schauber, Black Kite’s Chief Product Officer, framed the release as intended to steer decisions around onboarding, renewals and insurance strategy in a quote carried in the PR. (blackkite.com) Trade coverage ran across MSSP Alert, CyberInsuranceNews and SecurityInfoWatch in mid‑March 2026 following the company announcement. (msspalert.com)
