Crossword Cybersecurity PLC (LON:CCS) has signed a two-year contract for its Rizikon Assurance system with a FTSE 250 chemicals company.
The mid-cap firm will use Rizikon, Crossword’s third-party risk management portal, to issue onboarding assessments for its strategic suppliers while also automating the management process.
READ: Crossword Cybersecurity trumpets influence in London tech community
Ken Fraser, the product manager for Rizikon at Crossword, said the company was “really gaining traction” with the product, adding that third-party assurance was particularly important for company’s with “large, complex supply chains who face multiple challenges when managing third-party risk”.
In early trading on Tuesday, Crossword's shares were up 1.2% at 410p.
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