Crossword Cybersecurity launches professional edition of Rizikon product for SMEs
Rizikon Pro offers an out-of-the-box, online SaaS solution on a pay-as-you-go basis, allowing smaller firms to access supplier assurance features at a lower cost
Company
LON:CCS
Crossword Cybersecurity PLC offers a range of cyber security solutions to help companies understand and reduce cyber security risk. The company does 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.
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Rizikon Pro offers an out-of-the-box, online SaaS solution on a pay-as-you-go basis, allowing smaller firms to access supplier assurance features at a lower cost
Agria will use Crossword's Virtual Chief Information Security Officer (vCISO) service to improve its cybersecurity posture
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AIM Caribbean Investment Holdings. Incorporated in Belize . CIHL primarily operates financial services businesses through its subsidiaries The Belize Bank Limited and Belize Bank International Limited, both located in Belize and internation
Tom Ilube said the company’s pipeline is currently standing at around £6mln, split between both its products and consulting services
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Ethernity Networks 38p £12.4m (AIM:ENET) The supplier of data processing offload solutions on programmable hardware for accelerating telco/cloud networks, has been named as a Vendor to Watch in a February 2020 Gartner research report titled
The firm has raised £836,319 through a share placing, while CEO Tom Ilube intends to subscribe for 73,914 shares to reach the £1mln total
Under the partnership, Satisnet will offer Crossword’s Rizikon Assurance platform to help them automate supplier onboarding and “gain full visibility of third party risk exposure”
It is based on the advice Crossword is providing FTSE 100-listed clients
The firm said Barron will use Rizikon to provide “a holistic risk overview” of their top suppliers in order to “mitigate the potential risks originating from their supply chain”
The company has also secured the third deal for its virtual chief information security officer product
Rikizon Assurance improves the scalability, security and auditability of third-party assurance and due diligence via automation, centralisation and encryption.
2019 saw the top-line rise by around 22% year-on-year and the company is confident it is poised for strong growth this year as well
Sean Arrowsmith will be responsible for both products and consulting sales activity, while the chair of the firm's advisory board, Robert Coles, will head up the consulting arm of the business
This means that the company now holds certifications from CREST, IASME and Cyber Essentials Plus
Crossword's Consulting team offer a full range of consulting services from cyber assurance and auditing, penetration testing, third party assurance and its vCISO service
The software group is aiming to increase in borrowing powers to either £1.5mln or 20% of its adjusted capital and reserves, whichever is higher
The first product, Nixer CyberML, uses machine-learning to help business deal with security and cybercrime
The list will be published online as part of a Financial Times report into diversity in tech
The Rizikon portal will be offered to NCC customers as part of its third-party cybersecurity audit service
As it wins more software as a service contracts, the cyber security and risk specialist has carried out a review of its revenue recognition practices