Crossword Cybersecurity PLC Launch of Rizikon Pro
July 16 2020 - 6:00AM
RNS Non-Regulatory
TIDMCCS
Crossword Cybersecurity PLC
16 July 2020
Crossword Cybersecurity Plc
Launch of Rizikon Pro to address demand for supplier assurance
in SME organisations
16 July 2020 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
technology commercialisation company focused solely on cyber
security and risk, is pleased to announced the launch of Rizikon
Assurance Professional Edition ("Rizikon Pro"), a new edition of
its supplier assurance and third party risk management platform
aimed primarily at small and medium sized organisations.
Crossword has demonstrated Rizikon Assurance's value within
large and complex enterprises, with a client base in sectors as
diverse as nuclear and professional services. It recognises that
smaller organisations have the same third-party risk imperatives as
larger enterprises, but with less complex needs, and often lack
in-house risk management expertise. Rizikon Pro is an
out-of-the-box, online SaaS solution, offered on a pay-as-you-go
basis, giving smaller organisations access to a set of core
easy-to-use supplier assurance platform features, at lower cost.
Modules can be chosen according to need, meaning customers only pay
for the features they use, and can be expanded as required.
Crossword anticipates a rapid roll out to a wider client base over
the coming year.
Rizikon Assurance is a secure, encrypted portal which puts
organisations in control of managing risks in their supply chain.
COVID-19, Brexit, and a host of Environmental, Social and Corporate
Governance (ESG) matters, have highlighted weaknesses within supply
chains, raising awareness of the financial, regulatory, and
reputational risks organisations indirectly carry. Rizikon
Assurance contains standard questionnaires on subjects such as
cyber security, GDPR, supplier on-boarding, modern slavery,
anti-bribery & corruption, and soon to be released diversity
and equality assessments. Customers also can create their own
question sets and scoring approaches, enabling a 360-degree view of
supply chain risk in a single pane of glass. Rizikon Assurance
improves the scalability, security and auditability of third-party
assurance and due diligence through its automated, centralised and
encrypted platform.
Sean Arrowsmith, Group Sales Director, of Crossword,
commented;
"Recent global events including COVID-19, Brexit, trade wars and
ESG matters are drawing attention to the importance of supply chain
management, and shining a torch on poor resilience, and the unknown
risks organisations are carrying in their supply chains. The
release of Rizikon Pro addresses the demand from smaller
organisations to assess supply chain risk in a cost effective way,
helping them identify where to invest resources to reduce risk and
build resilient supply chains, with the same success as our
enterprise customers."
- Ends -
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Niall McDonald
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security and
risk management related software and cyber security consulting. The
Group's specialist cyber security product development and software
engineering teams work with its university partners to develop the
research concept into a fully-fledged commercial product that it
will then take to market. The Group's aim is to build up a
portfolio of revenue generating, intellectual property based, cyber
security products. Rizikon Assurance, Crossword's leading product,
is a SaaS platform that enables medium to large companies to assess
and manage all risks from their suppliers. Nixer CyberML,
Crossword's most recently launched product, is a new tool for
businesses that want to solve advanced security and cybercrime
problems, such as detecting and dealing with compromised accounts,
fraud, and in-application denial of service attacks. Crossword's
team of expert cyber security consultants leverages years of
experience in national security, defence and commercial cyber
intelligence and operations to provide bespoke advice tailored to
its clients' business needs.
For media enquiries contact:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk, 01932 485 300
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END
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