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Crossword Cybersecurity firmly focused on growth as it eyes acquisitions and new products

Last updated: 08:25 05 Mar 2024 GMT, First published: 10:02 27 Apr 2021 BST

Snapshot

  • Crossword Cybersecurity adds to funds with loan note issue
  • Cybersecurity: how to invest in a thriving sector amid rising cybercrime
  • Crossword Cybersecurity launches Trillion HarVista: a new dark web intelligence tool
Crossword Cybersecurity PLC - Crossword Cybersecurity gains momentum as it eyes Nixer launch

About the company

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.

How it is doing

05 Mar 2024

Crossword Cybersecurity PLC (AIM:CCS) told investors it has issued new loan notes to bring in £275,000 of new funds.

The proceeds are earmarked as working capital as the company focuses on achieving EBITDA and cash breakeven in the second half of 2024, it said in a statement.

It takes the company up to the limit of £2.5 million of additional debt capacity allowed under its shareholder authorisations, set at last July’s AGM.

The notes carry a coupon of 12%, with interest payable quarterly, and they are convertible into equity for 4.5p each (representing the mid-price before the loan notes were issued).

27 Feb 2024

Crossword Cybersecurity PLC (AIM:CCS), the cybersecurity solutions company focused on cyber strategy and risk, has launched Trillion HarVista, a first-of-its-kind tool to allow enterprise security teams to search conversations on the dark web in a clean and sanitised environment.

Part of the Trillion Threat Intelligence suite of products and services, HarVista enables security teams to identify threats developing both from hacker discussions and shared compromised credential data from a single interface, without the risk of searches on hostile websites being linked to your organisation.

15 Feb 2024

Crossword Cybersecurity PLC (AIM:CCS) has signed a partnership agreement with TD SYNNEX (NYSE: SNX), marking a significant expansion in the distribution of the company’s Trillion platform across Europe.

The team-up seeks to leverage TD SYNNEX's extensive network of small and medium-sized resellers, to boost the availability and support for Crossword's threat intelligence platform.

Insight: Cybersecurity: how to invest in a thriving sector amid rising cybercrime

11 Jul 2021

The pandemic has been a bonanza for hackers, as the shift to remote working provided more chances to infiltrate into corporate systems with so much data uploaded to the cloud.

One of the latest major attacks, which first affected US firm Kaseya then over 200 companies in the world, has been described as “rare, if not unprecedented” for its scale and sophistication.

What management says

28 Feb 2024

Crossword Cybersecurity PLC (AIM:CCS) group managing director Stuart Jubb joins Proactive's Stephen Gunnion with details of Trillion HarVista, a novel dark web search tool designed to enhance the capabilities of the Trillion Threat Intelligence suite of products.

Jubb explained that Trillion's core function is to monitor the dark web for stolen login credentials and passwords, aiding companies in defending against data breaches. HarVista extends this functionality by enabling security teams to identify additional threats through monitoring hacker discussions and other shared compromised data. It provides an early warning system for organisations, indicating potential targets of hacker groups.

The tool operates by creating offline copies of forums and chats, storing them on Crossword's servers, allowing security engineers to search for their company's information in a sanitized environment without directly removing threats but offering valuable threat intelligence.

Crossword Cybersecurity launches Trillion HarVista: a new dark web...

Crossword Cybersecurity PLC (AIM:CCS) group managing director Stuart Jubb joins Proactive's Stephen Gunnion with details of Trillion HarVista, a novel dark web search tool designed to enhance the capabilities of the Trillion Threat Intelligence suite of products. Jubb explained that...

2 weeks, 6 days ago