Case Study: Markel Corporation achieves streamlined, scalable third-party cyber risk management with Black Kite

Markel Corporation leverages open-source intelligence to monitor third parties

Markel Corporation (NYSE – MKL), a global holding company for insurance, reinsurance and investments, needed to enhance and simplify a manual, cumbersome Third Party Risk Management process that had become unmanageable. In 2017 Markel Global Security Services evaluated vendors and selected Black Kite (formerly NormShield) for its cloud-based cyber risk rating platform and non‑intrusive open‑source reconnaissance capabilities.

Black Kite deployed its cloud third‑party cyber risk monitoring solution—featuring an easy dashboard, continuous monitoring and alerts, and the FAIR model to estimate probable financial impact—so Markel could manage hundreds or thousands of vendors at scale. The platform automated a large portion of Markel’s analytic work, provided enriched business-facing risk data, and delivered predictable budgeting through unlimited licensing and free feature enhancements from Black Kite.

Markel Corporation

Patricia Titus

Chief Privacy and Information Security Officer