Crossword Cybersecurity PLC (LON:CCS) says that its Rizikon Assurance product will be used by IT services firm Barron McCann to automate their supplier onboarding process.
The AIM-listed firm said Barron will use Rizikon to provide “a holistic risk overview” of their top 250 suppliers in order to “mitigate the potential risks originating from their supply chain”.
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Crossword added that Barron will take advantage of new, customisable features of Rizikon including a scorecard module that it says will provide “a 360-degree view of risk across their supply chain”.
“By taking proactive measures to mitigate third-party risk, as Barron McCann has done, this prevents cyber-crime from flowing further up the food chain”, said Jake Holloway, Crossword’s chief product officer for Rizikon Assurance.
“Crossword is now really getting traction with business customers for Rizikon Assurance. Every business needs to do a better job of third-party risk management - and we believe that we have a unique system that helps them take control", he added.
Shares in Crossword were 4.3% lower at 335p.