RiskBloc Consultancy latest risk management firm to form

New Seattle company will offer a variety of consulting services to the security industry
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Sunday, August 1, 2004

SEATTLE - riskBloc Consultancy announced its launch last month, emerging in a field of security consulting firms that include Applied Risk Management, Control Risks Group and Kroll Inc.

The company offers risk management services that range from physical and network security consulting through security-related training classes.

riskBloc’s six areas of competency is what separates the company from other consulting firms, said Kristina Kolerich, vice president of communications and business development. Along with physical security, the company also offers additonal consulting services in areas such as fraud detection, loss prevention, network security and money laundering prevention.

On the physical security side, riskBloc has partnered with Mill Creek, Wash.-based D3Data, a provider of software platforms for video security integrators and distributors. Through the partnership, riskBloc will only recommend D3Data’s products when applications such as theirs are required.

“What they are bringing to the table that a lot of traditional security companies have not is the IT component,” said Christopher Grniet, vice president and northeast regional director at Kroll.

“That has not traditionally been where the physical security industry has focused; however, there has been a movement in the recent past to combine the two.”

Based in Seattle, riskBloc’s target customers include corporations, merchants and what is known as merchant acquirers - the financial institutions that work between merchants and entities such as Visa and MasterCard. Kolerich declined to cite the company’s customers due to privacy issues.

Fonda M. Kuerbitz founded the firm in December 2002, and serves as president and chief executive officer. Since starting the company, she has worked until now amassing a six person team and a network of 35 consultants.

The company, which gained limited liability status last summer, does on-site visits throughout the world.

Kuerbitz began her career in fraud detection at Bon Marche, now The Bon Macy’s, where she worked as a corporate fraud investigator. She has also worked as a fraud and risk manager for the on-line jewelry retailer Blue Nile and senior risk management consultant/product specialist for HNC Software.

“I believe that there is still enough revenue in the market right now to sustain life on all levels of security consulting,” said Grniet, when asked if the market has available room for an additional security consulting company.