Over the previous 5 years, digital provide chains have advanced considerably, spurred by post-pandemic corrections, technological developments, and globalization. This evolution has made the common group extra environment friendly and higher suited to deal with the calls for of their distinctive operation.
Nonetheless, these identical provide chain developments have additionally launched a bunch of recent cybersecurity issues and dramatically expanded the assault floor of most organizations. Now greater than ever, organizations should develop sturdy cybersecurity applications and enhance their total cyber hygiene by implementing SaaS options for Cyber Bendor Threat Administration and assault floor administration (ASM).
Organizations at the moment choosing a cybersecurity product ought to contemplate a number of components to make sure they discover the proper answer to go well with their distinctive wants. General, organizations ought to evaluate and distinction numerous SaaS options based mostly on trade wants and challenges, the variety of distributors they depend on for important enterprise operations, and particular use instances the place they’ll implement the product.
This text will analyze the effectiveness of 1 cybersecurity answer: Black Kite. Maintain studying to find extra about Black Kite’s most outstanding options and learn the way the product stacks up towards rivals and options that additionally provide third-party danger administration (TPRM), VRM, and ASM options.
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Black Kite Overview & Options
Black Kite is an data safety group based mostly out of Boston, Massachusetts. The group focuses on vendor danger administration and third-party cyber danger monitoring. Black Kite permits companies to watch their safety posture and total provide chain danger by way of technical cyber rankings, danger quantification workflows, and several other different options.
Black Kite’s most outstanding options embrace:
Technical cybersecurity rankings: Letter grades that enable organizations to visualise their total provide chain riskRisk quantification: Calculations that use the Open FAIRâ„¢ mannequin to research the possible affect of a possible third-party breachCompliance correlation: Parsing expertise that makes use of automation to measure the exterior compliance standing of an organizationRansomware susceptibility: Experiences that use widespread indicators to foretell the chance of a ransomware attackTop 8 Black Kite Options
The next suppliers are main Black Kite rivals that provide comparable options and cybersecurity options.
Cybersecurity
Cybersecurity is a number one cybersecurity answer that focuses on TPRM and ASM. The supplier’s two major merchandise are Cybersecurity Vendor Threat and Cybersecurity Breach Threat, each utilized by a whole bunch of organizations across the globe. General, Cybersecurity empowers organizations to stop knowledge breaches, monitor and assess their third-party ecosystem, mitigate cyber dangers, consider and enhance their safety posture, and handle first and third-party compliance.
ProsConsLimited customized APIExpensive for startupsPricingUpGuard operates based mostly on a completely public and clear pricing mannequin.4 pricing ranges based mostly on organizational want: starter, skilled, company, enterpriseProspective customers can area pricing inquiries to gross sales@upguard.comUpGuard Vs. Black Kite
On the floor, Cybersecurity and Black Kite could seem very comparable since each produce merchandise that present VRM help. Nonetheless, after conducting a extra profound evaluation, it’s clear that these merchandise differ in numerous methods, together with their total functionality, usability and studying curve, group help, and pricing.
General, Cybersecurity Vendor Threat scans over 2 Million organizations every day, looking for new vulnerabilities and potential knowledge breaches and offering up to date provide chain data. Black Kite assesses ten danger classes, however the variety of organizations it scans or the frequency at which it checks is unknown.
As well as, Cybersecurity options intuitive dashboards and easy-to-use workflows that provide a shallow studying curve and are easy to grasp. Black Kite’s person workflow could be unintuitive and intimidating for first-time customers.
Relating to group help, each firms publish articles on their respective blogs. Nonetheless, Cybersecurity publishes new articles throughout essential cybersecurity matters resembling compliance, third-party danger administration, knowledge breaches, assault floor administration, and extra each week. Cybersecurity additionally hosts the Cybersecurity Summit, which brings collectively main voices within the cybersecurity trade to debate new methods, trade developments, and the way forward for cybersecurity across the globe.
When it comes to pricing, the 2 firms additionally differ. Black Kite’s pricing will not be publically obtainable, whereas Cybersecurity’s is and consists of handy packages designed to supply organizations of all sizes the very best mixture of worth and help.
Different variations between Black Kite and Cybersecurity embrace:
Cybersecurity offers help throughout inside and exterior assault surfaces, whereas Black Kite is solely targeted on VRMUpGuard Vendor Threat possesses a G2 score of 4.5 (93 critiques), whereas Black Kite has not acquired a G2 ratingSecurityScorecard
SecurityScorecard is a New York-based platform that gives safety rankings that compile totally different danger classes right into a single rating, permitting organizations to match and distinction third-party distributors and repair suppliers. The platform makes use of publicly accessible knowledge to judge distributors and handle cyber danger. SecurityScoreCard additionally displays “hacker chatter” and different knowledge feeds to foretell cyber assaults higher.
Supply: SecurityScorecardProsDetailed safety ratingsFree account accessConsistent new function rolloutUtilized by main customersIntuitive and simple to useCustomizable dashboard optionsUser academy (coaching, weblog, and so on.)ConsHigh frequency of false positives (knowledge leaks particular)Very costly pricing mannequin (based mostly on studies)Gradual safety scanning and danger visibility updates (as much as one week)Gradual safety score updates (as much as 90 days)Threat assessments don’t combine with the SSC systemPricingSecurityScorecard’s pricing mannequin will not be publicSeveral studies point out that pricing begins at $16,500 for normal self-assessment and 5 vendorsReports point out that every extra vendor prices between $1,500 and $2,000 annuallySecurityScorecard Vs. Black Kite
In line with a number of critiques, Black Kite’s total functionality outpaces SecurityScorecard. On Gartner (a company that publishes peer insights), Black Kite’s vendor evaluation, technical help, and versatile pricing have all acquired excessive reward.
SecurityScorecard can also be identified for a excessive frequency of false positives, which makes its knowledge leak performance inconsistent and troublesome to make the most of. SecurityScorecard does roll out new options persistently, which provides the platform a leg up over Black Kite. Nonetheless, the extent of technical help obtainable throughout these rollouts may very well be higher, typically resulting in extra complications than benefits.
The principle disadvantages of selecting Black Kite are the platform’s restricted integration capabilities and lack of publicly obtainable pricing.
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BitSight
BitSight Applied sciences is a cybersecurity software program group based mostly out of Cambridge, MA. The corporate makes use of publicly accessible knowledge to quantify the exterior cybersecurity posture of the organizations it displays. Customers make the most of BitSight’s safety rankings for numerous use instances, together with vendor due diligence analysis, total VRM help, assault floor analytics, and the evaluation of fourth-party danger.
Supply: BitSightProsHigh-level summation of vendor riskProvides FICO-like safety rankings between 250-900170,000 supported organizationsAbility to increase safety rankings by way of a developer APIOffers integrations with CyberGRX, OneTrust Vendorpedia, and moreConsRelies closely on IP reputationDoesn’t increase point-in-time danger assessments to make sure data is as much as dateOnly predicts breaches based mostly on malware installationsExpensive pricing modelPricingPublic pricing data will not be availableReports estimate that packages begin at $20,000Reports estimate that every extra vendor prices between $2,000 and $2,500 per yearBitSight Vs. Black Kite
General, BitSight and Black Kite each try to offer intensive VRM help. Nonetheless, in accordance with person critiques, the 2 merchandise differ in a number of classes. General, Black Kite gives complete technical help and coaching in comparison with BitSight. Black Kite’s pricing flexibility additionally permits the platform to attraction to varied organizations.
BitSight’s vendor danger classification, which operates on a low to high-risk mannequin, is extra handy and simple to make use of than Black Kite’s letter grade scoring system. BitSight’s superior integration capabilities additionally provide customers elevated customization.
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OneTrust Vendorpedia
OneTrust is a US-incorporated group headquartered in Atlanta, GA, and London. The group gives a number of merchandise, together with OneTrust Vendorpedia. This platform helps clients handle third-party cyber danger throughout their digital provide chain and leverages safety questionnaires and remediation workflows to enhance due diligence and relationships all through the seller lifecycle.
ProsFully cloud-based systemEasy-to-use navigation interfaceWorkflow customizationAutomated safety questionnaire processOffers dwell and recorded webinarsTransparent pricingConsDoes not present remediation monitoring for all safety risksLeaves a number of important breach vectors unmonitoredModerate studying curveSupply chain visibility is limitedData leakages throughout company identities and model fraud are at the moment unsupportedPricingTransparent, publically-available pricingOffers commonplace and superior packages starting from $6,000 to $18,000 annuallyOneTrust Vendorpedia Vs. Black Kite
OneTrust Vendorpedia and Black Kite function on very totally different promoting factors. On the one hand, OneTrust Vendorpedia helps an in depth library of compliance reporting frameworks, however the platform lacks a standardized vendor danger administration course of. However, Black Kite’s major focus is VRM, however the platform lacks the superior compliance instruments that OneTrust Vendorpedia comprises.
Organizations evaluating OneTrust Vendorpedia and Black Kite will doubtless resolve based mostly on their use instances because the two merchandise differ considerably in scope and functionality.
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RiskRecon
RiskRecon is predicated in Salt Lake Metropolis, UT, and maintains a presence in Boston, MA, and several other worldwide cities. The corporate goals to make gaining cybersecurity insights easy and intuitive. The corporate’s menace intelligence platform makes use of steady monitoring and machine studying to offer third-party danger administration help and monitor 11 safety domains and 41 safety standards. MasterCard acquired RiskRecon in 2020.
Supply: RiskReconProsMinimal set up neededDeep reporting capabilities throughout quite a few knowledge pointsOffers buyer person academyOffers common webinarsConsMainly targeted solely on safety ratingsDoes not share product launch datesWorkflow presents a steep studying curve to masterLimited third-party danger mitigation strategiesPricingPricing data will not be publically availableReports point out that packages begin at $10,000 yearly and enhance per variety of extra distributors monitoredRiskRecon Vs. Black Kite
RiskRecon and Black Kite overlap in a number of areas, together with VRM and a agency reliance on safety rankings. Each platforms make the most of a easy letter-grade scoring mannequin for his or her safety rankings, whereas RiskRecon additionally assigns these letter grades a corresponding rating of 0-10.
Organizations on the lookout for deep perception into their distributors’ safety posture could discover each platforms missing the capabilities they need. In contrast with Cybersecurity, which offers detailed safety scores from 0-950 and communicates the dangers affecting every vendor’s rating, the expertise utilized by RiskRecon and Black Kite could seem underdeveloped.
RiskRecon’s person academy does provide higher group help than Black Kite. Nonetheless, Black Kite’s person interface is extra intuitive and simpler for newbie customers.
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Panorays
Panorays is a US-incorporated firm headquartered in Tel Aviv, Israel. The Panorays platform leverages third-party safety rankings, questionnaires, and remediation workflows to assist organizations perceive and enhance cybersecurity danger publicity and elevate their third-party danger administration applications.
Supply: PanoraysProsEasy-to-use navigation systemReviews essential breach vectors to evaluate provide chain assault surfaceCommunity help consists of dwell and recorded webinarsGood buyer supportConsLimited visibility into provide chain knowledge leakagesDoes not doc launch notesLimited out-of-the-box integrationsMajority of consumers function inside mid-marketPricingPublic-facing pricing will not be availableCustomers should have interaction with a Panorays consultant to obtain pricing data and to request a proper quote based mostly on their needsPanorays Vs. Black Kite
Panorays and Black Kite leverage safety rankings to offer vendor danger administration help. Nonetheless, each firms monitor an unknown variety of distributors. In comparison with different cybersecurity merchandise like Cybersecurity, which displays greater than 2 million distributors every day, Panorays and Black Kite present slower updates. This lack of pace and accuracy might make customers inclined to new vulnerabilities and dangers not detected by a single point-in-time evaluation.
In line with person critiques throughout Gartner and different websites, Black Kite is extra intuitive and simpler to make use of than Panorays. Panorays does evaluate essential breach vectors to evaluate a person’s provide chain assault floor. Black Kite, then again, depends closely on safety rankings.
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CyberGRX
CyberGRX is a Denver, CO-based cyber danger administration firm based in 2015. The corporate manages and offers options to enhance its person’s vendor danger administration methods. The corporate makes use of questionnaires, cyber danger assessments, and an data trade platform to enhance danger intelligence and cut back the calls for of vendor due diligence.
ProsExtensive group supportFully purposeful bidirectional APIContinuous monitoring of inherent riskConsExpensivePoor buyer serviceLack of danger administration performance (Gartner)Poor remediation workflowsRelies closely on point-in-time assessmentsPricingPublic pricing mannequin lists that typical packages begin round $120,000This pricing mannequin consists of validated evaluation knowledge and limitless entry to the CyberGRX exchangeCyberGRX Vs. Black Kite
CyberGRX and Black Kite take very totally different approaches relating to safety rankings. CyberGRX makes use of shared point-in-time danger assessments to quantify a vendor’s safety posture. CyberGRX additionally makes use of this shared methodology to mitigate the burden of vendor due diligence.
Relating to pricing, Black Kite is inexpensive, although precise pricing data will not be publicly obtainable. CyberGRX additionally has a status for poor customer support and restricted technical help. Nonetheless, the platform does present extra group assets than Black Kite. Each organizations lack the technical help that Cybersecurity offers and depart one thing to be desired relating to end-user coaching and help.
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Prevalent
Prevalent is predicated out of Phoenix, AZ, and is targeted on serving to customers with third-party danger administration, vendor danger administration, data expertise safety, and total cyber hygiene. The corporate’s platform offers 360-degree TPRM visibility and cybersecurity danger score options that enable organizations to handle third-party and fourth-party dangers throughout their provide chains.
Supply: PrevalentProsIntuitive and simple to useUtilizes a mixture of danger assessments and safety ratingsIntegrates with ServiceNowProvides an outline of third-party and fourth-party riskProvides a danger score between 0 and 100ConsScope of monitoring is unknownLimited group supportPoor service ticket resolutionPoor person privilege and function managementLimited end-user trainingPricingPublic pricing data will not be at the moment availablePrevalent Vs. Black Kite
Whereas Black Kite depends closely on point-in-time safety rankings to handle a vendor’s safety posture, Prevalent makes use of a mixture of ongoing danger assessments and total safety rankings. Prevalent’s danger rankings additionally function on a scale of 0 to 100, whereas Black Kite solely offers letter grades.
In line with a number of public critiques, Prevalent’s status for ticket decision is comparatively poor. Prevalent additionally maintains a restricted library of group assets and offers little end-user coaching.
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Getting Began With Cybersecurity
Selecting the best vendor danger administration answer could be overwhelming, particularly with the number of choices and platforms which can be obtainable in the marketplace. Cybersecurity is dedicated to serving to customers discover the precise platform to go well with their wants.
Organizations trying to elevate their TPRM applications and achieve higher perception into the safety posture of their exterior and inside assault surfaces can ebook an Cybersecurity demo proper now.
Throughout your Cybersecurity demo, considered one of our skilled safety specialists will information you thru the platform and tackle your questions and desires. Cybersecurity Vendor Threat and Cybersecurity Breach Threat may help your group take full management of its cyber hygiene.