NHS Test and Trace has selected British cyber security company Risk Ledger to manage cyber security risks in their supply chain as a proactive measure to mitigate the increasing risks NHS and other critical national infrastructure organisations face from supply chain cyber-attacks.
The Risk Ledger platform will give the UK government funded service all the tools they need to manage cyber security risks in their supply chain at speed for a low per-supplier cost – at least 60% cheaper than traditional solutions.
Cyber security risks in the supply chain can include third parties failing to encrypt sensitive data when it is being transferred.
NHS Test and Trace, established to track and help prevent the spread of the COVID-19 virus in England, will take advantage of Risk Ledger’s key innovation which is its secure ‘social network’ allowing organisations to connect and share risk data securely, quickly, and easily. This gives organisations like NHS Test and Trace unparalleled visibility of their supply chain and a comprehensive set of data to identify, measure and mitigate supply chain security risks at scale.
Major supply chain cyber security breaches at Solarwinds and Microsoft in recent months have put the challenge of securing supply chains from cyber attack at the top of the agenda for organisations around the world.
Minister for Digital Infrastructure, Matt Warman MP said: “The government is working tirelessly to secure the nation online and grow the UK’s £8.9 billion cyber security industry as we build back better from the pandemic. We’re helping SMEs develop innovative products and services and it’s great to see Risk Ledger, one of the firms we’ve supported, win this contract to protect the Test and Trace system and support the national effort against coronavirus.”
Risk Ledger’s client base includes organisations like BAE AI, City of London Police, Telenor, Schroder’s Personal Wealth and ASOS.
Risk Ledger CEO and Co-Founder Haydn Brooks said: “NHS Test and Trace is essentially the biggest new start-up in the UK healthcare market so we are delighted they have chosen to take advantage of our ability to provide enhanced visibility of their supply chain risks. I am proud we will be part of the effort to secure this incredibly important supply chain. “Healthcare organisations and their supply chains handle lots of highly sensitive data and have a high rate of data breaches. We have already seen during the COVID-19 pandemic that bad actors are actively targeting supply chains to access data and cause disruption” added Haydn Brooks.
Risk Ledger is a rising star of the UK’s growing cyber security scene having won competitions run by the UK Government’s National Cyber Security Centre, the tech industry body TechUK and most recently being selected as a winner in the Department for Digital, Culture, Media, and Sport’s ‘Most Innovative UK Cyber SME of the Year’ competition in May. The company is also a member of the UK Government backed LORCA programme (London Office of Rapid Cybersecurity Advancement).
About Risk Ledger
Risk Ledger is a British company that manages cyber security risks in supply chains. The process of supply chain security risk management ensures third parties who deliver critical services, have access to data, corporate networks, or any other status of business trust, maintain a good base level of cyber security controls to prevent bad actors using the third party as an attack vector.
In 2019, Risk Ledger won the ‘Cyber Den’ competition at the 2019 CyberUK event run by the UK Government’s National Cyber Security Centre (NCSC) and the Department for Digital, Culture, Media and Sport (DCMS). At the time, Ian Levy, Technical Director at the NCSC said: ‘Our mission is to make the UK the safest place to do business online.
We run the Cyber Den competition with DCMS to identify and provide a springboard for the most promising cyber security start-ups in the UK. Risk Ledger beat some excellent competition at this year’s Cyber Den event because their platform approaches supply chain security in a novel way that could revolutionise the way organisations understand the cybersecurity of their supply chains which is at the root of so many security incidents.
Risk Ledger was a finalist in the ‘Most Innovative New Technology Award’ category at the 2021 Water Industry Awards.
In March 2021, Risk Ledger won the South Summit Industry 4.0 innovation competition.
In May 2021, Risk Ledger was announced as a winner in the Department for Digital, Culture, Media, and Sport’s ‘Most Innovative UK Cyber SME of the Year’ competition.