Overview
What is Risk Ledger?
Risk Ledger is a platform that aims to enhance the security maturity of the global supply chain ecosystem. It provides a network of connected organizations, enabling them to collaborate on improving security defenses and mitigating risks in their supply chains.
Key Features
*Dynamic Controls Framework...
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Product Details
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- Tech Details
What is Risk Ledger?
Risk Ledger is a platform that aims to enhance the security maturity of the global supply chain ecosystem. It provides a network of connected organizations, enabling them to collaborate on improving security defenses and mitigating risks in their supply chains.
Key Features
Dynamic Controls Framework: Risk Ledger offers a customizable controls framework for supplier assessments, which is approved by UK government experts. This framework allows organizations to achieve scalability for supply chain security. It can be tailored to reflect the risk appetite of the organization and covers all the cybersecurity criteria that organizations globally prioritize. Additionally, it provides standard mappings to widely recognized frameworks such as ISO27001, Cyber Essentials, the NIST Cybersecurity Framework, and the NCSC Cyber Assessment Framework.
Live Assessment Data in Supplier-Owned Profiles: Risk Ledger provides supplier-owned profiles where suppliers can showcase their security controls and certifications. Suppliers can update and share their profiles in real-time, similar to a cybersecurity-focused LinkedIn profile. This eliminates the need for one-off questionnaires and ensures a centralized and up-to-date source of supplier assessment data.
Real-Time Updates and Collaboration: Risk Ledger enables real-time updates and communication about controls between suppliers and clients. The platform's network model ensures constant connectivity, facilitating collaboration on remediation and other tasks directly within the platform. It streamlines communication between different teams internally, including procurement, HR, and compliance.
Visualize Concentration Risk: Risk Ledger allows organizations to visualize concentration risk beyond third parties. By automatically mapping connections across third parties, fourth parties, and beyond, the platform provides a comprehensive view of the supply chain network. This helps identify situations where multiple suppliers are dependent on the same upstream supplier, enabling organizations to take proactive measures to mitigate concentration risk.
Continuous Monitoring from Inside Out: Risk Ledger enables continuous monitoring of suppliers' internal security controls. It provides a snapshot of the state of play for all suppliers' internal security controls, allowing organizations to assess cybersecurity risks within their supply chain. The platform centralizes data and generates quick reports, providing a comprehensive view of the supply chain's security landscape.
Defend-as-One: Risk Ledger promotes the concept of Defend-as-One, encouraging organizations to collaborate and improve the security of the global supply chain. Many customers use Risk Ledger both as a client and a supplier, fostering collaboration and collective improvement of supply chain security. As the network grows, the potential to leverage cyber threat intelligence increases, resulting in enhanced security across industries.
Risk Ledger Features
- Supported: Audit Management
- Supported: Internal Controls Management
- Supported: Mobile Access
- Supported: Risk Assessment
- Supported: Compliance Management
- Supported: Alerts/Notifications
- Supported: Exceptions Management
- Supported: Business Process Control
- Supported: IT Risk Management
- Supported: Legal Risk Management
- Supported: Operational Risk Management
- Supported: Access Controls/Permissions
- Supported: Supplier Management
- Supported: Audit Trail
- Supported: Performance Metrics
- Supported: Self Service Portal
Risk Ledger Technical Details
Deployment Types | Software as a Service (SaaS), Cloud, or Web-Based |
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Operating Systems | Web-Based |
Comparisons
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Reviews
Community Insights
- Business Problems Solved
Users of Risk Ledger have found it to be an invaluable tool for tracking and managing risks and compliance. With its user-friendly interface and well-separated questions, navigating the platform is a breeze. The visualisation capabilities of Risk Ledger have been particularly praised, as they enable users to easily identify and resolve issues, facilitating productive discussions within their teams.
One key use case of Risk Ledger is simplifying the tracking of third-party IT companies. Users no longer need to rely on multiple spreadsheets and task lists. By centralizing all supplier assurance activities within Risk Ledger, users can effectively monitor the compliance status of their suppliers, ensuring that all necessary risk assessments are conducted and that compliance obligations are met. This streamlines the process and saves valuable time and effort for businesses.
Another important use case for Risk Ledger is its role in fostering collaboration between customers and the Risk Ledger team. Customers have reported regular communication with the team, which has resulted in a collaborative approach to system enhancements. As a result, users have witnessed the growth and improvement of Risk Ledger over time, making it an evolving product that meets their changing needs.
Additionally, users have found great value in the customer care provided by Risk Ledger's dedicated team. The customer success team is highly efficient and responsive, ensuring that any concerns or questions are addressed promptly. This level of support enhances the overall experience of using Risk Ledger and contributes to a positive supplier assurance journey.
Furthermore, collaborating with the wider staff at Risk Ledger has been a pleasure for users. The team behind the platform has been commended for their quick responses to questions and issues raised by users. This seamless collaboration further strengthens the relationship between customers and Risk Ledger, creating a partnership built on trust and effective problem-solving.
Overall, Risk Ledger's ability to track risks and compliance, its visualisation capabilities, simplified third-party tracking processes, collaborative approach to system enhancements, efficient customer care, and seamless collaboration with the wider staff make it a valuable tool for businesses seeking to manage risks and ensure compliance in an effective and user-friendly manner.