Third party cyber risk with Risk Ledger

Haydn Brooks, co-founder and CEO of Risk Ledger, discusses the importance of managing supply chain risk, the shift in attitudes towards cyber risk in the investment world, and the steps investment managers can take to protect their portfolio companies. Haydn emphasizes the need for a robust third-party risk management process and the importance of collaboration and sharing information among companies. 

Takeaways 

• Third-party cyber risk is a top concern for private equity CFOs. 
• Financial services and banking tend to be stronger in managing cyber risk. 
• Investment managers should conduct security reviews of potential investments and assess supply chain risk. 
• Collaboration and sharing information among companies can help mitigate aggregation risk. 
• Using tools like Risk Ledger can provide visibility into supply chain risk and aggregation risk. 

Chapters 

1. 00:00 Introduction to third party cyber risk 
2. 03:15 The shift in attitudes towards cyber risk 
3. 04:30 Supply chain risk and investment managers 
4. 10:22 Conducting security reviews of as part of the due diligence process
5. 13:36 Mapping aggregation risk 
6. 16:43 The importance of collaboration in managing supply chain risk 

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