22 November 2022 – London, UK, Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group"), the cybersecurity solutions company focused on cyber strategy and risk, is pleased to announce that the UK arm of international defence and security company, Leonardo, has selected Rizikon, Crossword's supplier assurance and third party risk management platform, to assist in their assessment of cyber risk in their supply chain.
Leonardo will utilise Crossword's Rizikon platform to enhance visibility, automation and efficiency in their assessment of cyber risks throughout their supply chain of 2,100 companies in the UK, 2/3 of which are SMEs. The platform will be used as part of the company's new supplier on-boarding process and can also be utilised to assess existing suppliers over time.
The assessment of cyber risk in suppliers and third parties is a critical area for organisations to assess in depth, as well as managing improvement action plans to manage and address any identified risks. Supply chain cyber risk is an area called out as requiring focus from the Centre for the Protection of the National Infrastructure and the National Cyber Security Centre in the UK.
Crossword has been working with Leonardo on a number of initiatives and this agreement further cements the partnership being forged between the two companies.
Sean Arrowsmith Group Sales Director, Crossword commented:
"This marks another step in our partnership as we continue to build a strong relationship with Leonardo. Their selection of Rizikon for the delivery of this important service is testament to the how far the platform has developed, its ease of use and powerful capabilities. We are looking forward to working closely with the Leonardo team as they roll out the platform and the service."
Procurement staff member, Leonardo commented:
"Following the success of the pilot use of Rizikon as part of our assessment of a select group of suppliers, we are looking forward to continue working with the Crossword team on this initiative and others."
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About Crossword Cybersecurity plc
Crossword offers a range of cyber security solutions to help companies understand and reduce cyber security risk. We do this through a combination of people and technology, in the form of SaaS and software products, consulting, and managed services. Crossword's areas of emphasis are cyber security strategy and risk, supply chain cyber, threat detection and response, and digital identity and the aim is to build up a portfolio of cyber security products and services with recurring revenue models in these four areas. We work closely with UK universities and our products and services are often powered by academic research-driven insights. In the area of cybersecurity strategy and risk our consulting services include cyber maturity assessments, industry certifications, and virtual chief information security officer (vCISO) managed services.
Crossword's end-to-end supply chain cyber standard operating model (SCC SOM) is supported by our best-selling SaaS platform, Rizikon Assurance, along with cost-effective cyber audits, security testing services and complete managed services for supply chain cyber risk management. Threat detection and response services include our Nightingale AI-based network monitoring, Nixer to protect against application layer DDoS attacks, our Trillion and Arc breached credentials tracking platforms, and incident response. Crossword's work in digital identity is based on the World Wide Web Consortium W3C verifiable credentials standard and our current solution, Identiproof, enables secure digital verification of individuals to prevent fraud.
Crossword serves medium and large clients including FTSE 100, FTSE 250 and S&P listed companies in various sectors, such as defence, insurance, investment and retail banks, private equity, education, technology and manufacturing and has offices in the UK, Poland and Oman. Crossword is traded on the AIM market of the London Stock Exchange.
Visit Crossword at https://www.crosswordcybersecurity.com/