Risk Ledger Ltd Company Research Report
Company Overview
Name: Risk Ledger Ltd
Mission of the Company: Securing global supply chains through a collaborative platform for supplier due diligence to help organisations simplify, visualise, and mitigate supply chain security risk.
Founded: 2018
Founders: Haydn Brooks and Daniel Saul
Key People:
- Haydn Brooks - Co-Founder & CEO
- Daniel Saul - Co-Founder & CTO
- No other key people information is available
Headquarters: Churchill House, 142-146 Old St, London, EC1V 9BW, United Kingdom
Number of Employees: No information is available
Revenue: No information is available
What the Company is Known For: Risk Ledger is known for its collaborative platform aimed at enhancing supply chain security by replacing traditional TPRM processes with automated and streamlined workflows.
Products
Platform Overview
Risk Ledger's platform focuses on various aspects of supply chain risk management. It provides real-time updates and a comprehensive security framework for suppliers, supported by automated notifications, reporting, and compliance checks.
Key Features
- Supplier due diligence
- Eliminates the need for spreadsheets and manual data entry.
- Uses automated reassessments and notifications.
- Compliance with standards such as ISO270001, Cyber Essentials, SOC2, NCSC CAF.
- Real-time Data & Visualisations
- Provides real-time security data and allows visualisation of supply chain risk.
- Identifies 4th, 5th, and nth party vulnerabilities.
- Tracks risks across the entire supply chain.
- Compliance and Reporting
- Audit- and certification-ready frameworks.
- Customisable rules-based reporting capabilities.
- Compliance scores and detailed audit trails.
- Process Improvement
- Maps to latest cybersecurity regulations.
- Automates re-assessments.
- Supports remediation discussions with suppliers.
Solution Modules
1. Supplier Onboarding
- Simplifies the process of connecting with suppliers.
- Automatically notifies suppliers to complete and update their assessments.
2. Review and Remediate
- Identifies areas of non-compliance.
- Facilitates direct communication with suppliers for remediations.
- Automates approvals and verifications.
3. Visualise Risks
- Dynamic visualisation tools for supply chain maps and heatmaps.
- Creates timelines and tracks emerging threats.
- Develops action plans for risk mitigation.
4. Continuous Monitoring and Reporting
- Real-time monitoring and frequent updates.
- Comprehensive reporting functionalities and dashboards.
5. Regulatory Compliance
- Uses pre-built frameworks aligned with major cybersecurity standards (e.g., NIST, ISO, DORA, NIS2).
- Ensures continuous compliance and simplifies audit preparations.
Recent Developments
Recent Developments and New Features
- Continuous Monitoring Enhancements: Risk Ledger has implemented features that allow for continuous monitoring and real-time security data updates across supply chains. This includes emerging threat notifications and more dynamic reassessment capabilities.
- Audit and Certification Capabilities: Expanded its platform to be audit- and certification-ready. Implemented comprehensive cybersecurity frameworks to ensure compliance with regulations like ISO270001 and others.
- Real-time Visualisation Tools: Launched advanced visualisation modules that help organizations map their supply chains, identify concentration risks, and track potential 4th and 5th party vulnerabilities.
- Automated Reporting: Improved the reporting module to provide detailed, configurable reports for both internal stakeholders and external regulatory requirements.
New Partnerships and Collaborations
- Public Sector and CNI Engagements: Risk Ledger has been adopted by various public sector entities, such as the NHS and critical national infrastructure companies, to enhance their cybersecurity postures.
- Collaboration with Fintech and Investment Firms: Collaboration with investment funds and fintech firms to mitigate aggregation risks and improve overall supply chain security management.
Case Studies
United Utilities
- Challenges: Manual TPRM processes using spreadsheets, time-consuming reviews, lack of continuous monitoring.
- Implementation: Adopted Risk Ledger for more automated, real-time monitoring and compliance reporting, reducing review times significantly.
- Impact: Improved compliance with NIS-D regulations, enhanced supplier engagement, simplified reporting processes.
NHS
- Objective: Achieving better security posture with reduced demand and resources.
- Solution: Utilized Risk Ledger’s platform for holistic supply chain monitoring and real-time visibility.
- Outcome: Enhanced management of supply chain risk, improved supplier relationships, efficient extraction of valuable metrics.
Schroeders Personal Wealth
- Goals: Continuous insights into 95% of supply chain, improved supplier onboarding.
- Outcome: Achieved significant time reduction in onboarding suppliers, enhanced real-time risk monitoring, and increased supplier coverage.
Conclusion
Risk Ledger Ltd is strategically positioned to revolutionize supply chain security through its comprehensive, collaborative platform that combines automated tools, continuous monitoring, and in-depth reporting—all designed to tackle the evolving needs for cybersecurity across diverse sectors.
