Leaders in Risk Management

Risk management is defined as the process of identifying, monitoring and managing potential risks in order to minimize the negative impact they may have on an organisation.

A good risk management process will help identify which risks pose the biggest threat to an organisation and provide guidelines for handling them.

KST has developed a range of innovative tools and technologically ambitious solutions that will help you to achieve the best risk management outcomes possible for your organisation.

How technology can help manage corporate risk

Ever since its conception, the Kings Secure Technologies group of companies has always been driven by innovation, and this extends to our risk management approach.

We believe that, in order to identify and manage risk effectively, it pays to incorporate technology into your risk management practices. Digital applications can streamline your risk management process and offer unique insights that might not be visible at first glance.

Technology can help you manage your corporate risk factors via:

  • Automating regular tasks
  • Providing a central repository for key information
  • Making roles, responsibilities and deadlines clear
  • Providing secure file sharing and communications
  • In-built assessment formats that simplify auditing and compliance
  • Offering user-friendly reporting functionality
  • Calendars to schedule risk management tasks
  • Entity relationship diagramming

4 Steps to Effective Risk Management

  • Identify the risk: Risks can be internal or external, so include any events that could cause problems or benefits for the company. The first step of the risk management process is called the risk assessment. A risk assessment evaluates an organisation’s exposure to uncertain events that could impact its day-to-day operations.
  • Evaluate the risk: After the risk assessment/analysis has been completed, a risk evaluation should take place, estimating the damage those events could have. Rank risks according to the likelihood of each outcome to see how severely a set risk could impact the company or its strategy. Low, medium, high probability and low medium high impact.
  • Monitor the risk: Track variables and proposed possible threats, and calmly treat any problems that arise as your tracking system identifies changes.
  • Treat the risk: Look at ways to reduce the probability of a negative risk and increase the probability of positive risks, preparing preventative and contingency plans as needed. The last step in the risk management process is risk treatment and response. Risk treatment is the implementation of policies and procedures that will help avoid or minimize risks. Risk treatment also extends to risk transfer and risk financing.


Once the risk assessment is complete, assign a strategy to treat the identified risks. Generally, there are four ways to handle a risk:

  1. Avoid the risk, or forfeit all activity that carries the risk, though this also means forfeiting all associated potential returns and opportunities.
  2. Reduce the risk, or make small changes to reduce the weight of both risk and reward.
  3. Transfer or share the risk, or redistribute the burden of loss or gain by entering partnerships or bringing on new entities.
  4. Accept the risk, or assume any loss or gain entirely; this is usually put into play for small risks where any loss can be easily absorbed by the entity.

Get in Touch

Contact one of our Risk Management specialists today.

Simply pick up the phone or drop us an email – one of our team members will be more than happy to assist you.


What our Customers say

We wanted a smart-looking, contactless approach to access control here at Little Dot. We love the Openpath solution proposed by KST; it’s sleek, simple to use and has excellent reporting features. What’s more, KST’s inhouse commissioning team remotely configured the software to meet our requirements - including who goes where and when, through which doors, the reporting we need and integration to our fire alarm system. Thanks to this we have saved the cost of two days labour on install!

Greg Rochford
IT Manager - Little Dot Studios

KST has once again exceeded all expectations with their outstanding service. Safety is our number one priority for both our Post Masters and customers, therefore we are always on the lookout for new technologies and new ideas. Morphean platforms, along with the installation and maintenance provided by KST, has been the perfect decision for us due to our existing knowledge of their excellent services and competitive prices.

Mark Dinsdale
Security Programme Manager - Post Office Ltd

The mobilisation was smooth with little involvement required from ourselves. Communication, in particular, has been extremely strong with regular meetings. Monthly management information has been circulated and Clipper are using the real time management information that KST have provided with their DYMENSiON software. We also have working action plans on each site focusing on improvements and change management. All in all I would be happy to recommend KST to any company looking at contract award; our experience has been very positive and I am happy to endorse them.

John Welsh
Head of Bonded & Secure Operations - Clipper

The whole process of mobilisation and onboarding to KST was conducted in an exceptional manner, from start to finish. The preparation for the move between City Plumbing Supplies and KST was comprehensive. Collaboration was very good. The days of transfer were event free and smooth - with no major issues. The branches’ onboarding onto the KST system during the 12 weeks following the mobilisation was completed fully with excellent communication sessions conducted on a weekly basis. We are now looking forward to a long and effective partnership with KST.

Steve Kemp
Security, Audit & Loss Prevention Manager - City Plumbing Supplies

We’ve been delighted with the partnership between ISS and KST and the approach to transferring the access control contract. The teams have gelled quickly to understand our estate and we’ve seen significant service improvements.

Andy Southern
Head of Security - Santander Bank

Everything from the initial engagement with Quidvis to meeting the Fire Risk assessor on site, to receiving all the reports back in the SLA timeframe was second to none. The communication throughout the whole process has been so easy and the working relationship does not stop there. We now have one central system where we can view reports, add relevant building certificates and policies. Colleagues can access this incredibly user-friendly system and navigate with ease. I have been informed by several colleagues how easy the portal is to use. Even those less tech savvy have been more than impressed.

Carrie Owen
Fire Safety Officer - Shropshire Towns & Rural Housing