The Keyholding Company has introduced a new risk management tool to its existing online platform, designed to deliver rapid digital risk assessments and data analytics.

The Risk Management Tool combines an in-person client consultation with digital site risk assessments.

The in-person consultation captures bespoke risk appetite, assets, threats and impact levels to set protection baselines, the company reports.

The risk assessments are conducted via a mobile app comprised of 38 pre-configured questions replicating NPSA best practice security guidelines.  

The output is dynamic risk dashboards where every site can be examined at a granular level, drilling down into asset-level data to identify areas of concern and evaluate security measures to ensure correct outcomes. 

According to TKC, this quantitative approach to physical security and use of data-driven models will offer robust insight and help security professionals make smarter, cost-effective decisions. 

A better way 

TKC’s consultancy division, TKC Consult, set out to address the challenges with risk management through technology.

Led by in-house risk experts, Rachel Webb, Chief Commercial Officer and Oliver Rutt, Head of Risk Consultancy, the result is a process across 3 phases: 

1. Risk experts deep dive into a client’s estate, setting a protection baseline recorded directly to the platform. Data on crime, deprivation and environmental factors also give accuracy to the threat landscape 
2. Thorough app-based digital site risk assessments capture existing mitigations and vulnerabilities and can be done by any professional person at speed 
3. Risk dashboards demonstrate whether protection baselines are met, not met or excessive. The client can filter by BAU and heightened security scenarios to understand if protection meets baselines 

What were the results?

• Cost efficiency: Transparent data helps reveal where to replace over-investment into lower-risk areas with intelligent, targeted resource allocation  
• Inconsistencies and biases eliminated: The methodology is solid, built on NPSA best practices, ISO and global risk management standards 
• Quick answers: A digital approach means portfolios of any size can be assessed rapidly by any professional person following standardised, guided assessments  
• Audit trail: The impact of security adjustments over time can be evidenced easily  

Huge potential

“This tool has huge potential to help security professionals take creative control of their security outcomes and feel confident using data to spend their budget effectively and implement changes that will have a marked impact on safety,” said Rachel Webb, a Chartered Security Professional Doctorate canditate in Risk Management.

TKC’s CEO Charlie Gordon Lennox added: “TKC have a tech-first ethos, which has enabled us to transform how mobile services are delivered across the UK.

“Introducing dynamic and accessible risk information into our platform further transforms our client’s ability to improve their security position.

“This link between risk requirements and service delivery is truly unique in the market.”  

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