TIDMCCS
Crossword Cybersecurity PLC
28 June 2022
Crossword Cybersecurity Plc announces new Supply Chain Cyber
practice in response to increasing threat of supply chain cyber
attacks
-- New integrated practice addresses 4x forecast growth in supply chain cyber attacks
28 June 2022 - London, UK - Crossword Cybersecurity Plc
(AIM:CCS, "Crossword", the "Company" or the "Group"), the
cybersecurity solutions company focused on cyber strategy and risk,
has today announced the creation of a new integrated Supply Chain
Cyber practice.
In response to client demand and the substantial increase in
supply chain cyber threat levels, the integrated practice provides
a set of controls, processes and tools, along with a range of
managed services, advice and training to massively reduce the risk
of direct cyber-attacks as well as threats via third parties across
a company's supply chain.
The practice provides an end-to-end approach to supply chain
cybersecurity and includes a standard operating model (SOM) and a
substantially updated version of Rizikon Assurance , Crossword's
SaaS platform used by supplier management and cybersecurity teams
and across an organisation to underpin the controls, tools and data
needed to reduce supply chain risk.
Updated Rizikon features include automated assurance, flexible
reporting and new dashboards that improve supply chain cyber
assurance, risk and compliance strategy, policy and operations.
Experienced cybersecurity consultant, Ryan King, has been
appointed as Practice Lead and is supported by a dedicated team of
experts specialising in supply chain cyber risk.
Today's cyber threat potential is huge and growing fast. The
European Under Agency for Cybersecurity (ENISA) reported in 2021
that it expected supply chain attacks to quadruple over the
following 12 months. As a result, industries including but not
limited to banking, retail and manufacturing are under mounting
financial, reputational and regulatory pressure to take control of
cybersecurity risks.
For organisations of any size, the greatest threats to
cybersecurity are suppliers, third parties and connected
technologies because they are so hard to control. Recent research
independently conducted for Crossword of over 200 Chief Information
Security Officers (CISOs) found that 83 per cent. of CISOs viewed
"ensuring that the entire supply chain is water-tight in its
ability to defend and recover against threat actors" as a
challenge.
Today's solutions are failing - Crossword's end-to-end approach
addresses the fundamentals
Many organisations are still using internally focused ideas and
solutions to try and address cybersecurity risks in the supply
chain, but by definition these are not sufficient since they fail
to holistically integrate the cyber risks originating from external
third parties. Furthermore, the longer and more diverse a supply
chain becomes, the faster the risks multiply in tandem with an
organisation's inability to monitor and manage those risks.
Crossword 's Supply Chain Cyber approach is dedicated to meeting
any organisation's cybersecurity and supply chain resilience
obligations by providing an end-to-end solution. Crossword's Supply
Chain Cyber offering provides:
-- A team of cybersecurity industry experts, dedicated to
defining and delivering risk management best practice
-- A comprehensive and flexible supply chain cybersecurity
Standard Operating Model that defines processes, techniques and
structures needed to manage supply chain assurance, compliance and
risk in any industry
-- An updated version of Rizikon Assurance - an automated,
SaaS-based platform for managing supply chain cyber assurance,
compliance and risk strategy, policy and operations
-- Cost-effective supplier cyber audits and security testing
-- Consulting services including supply chain cyber
benchmarking, maturity assessments and advisory consulting and
training
-- Complete managed services for supply chain cyber assurance, compliance, and risk management.
Stuart Jubb, Group Managing Director at Crossword Cybersecurity
Plc, commented: "A whole new operating model and mindset is
required to properly address supply chain cyber risks and attacks.
Looking only inwards and relying on internally focussed controls,
systems and thinking is not enough to protect organisations today.
Crossword's Supply Chain Cyber practice addresses the severity and
fast-growing nature of risks present in supply chains. It gives our
customers the tools and processes to securely and cost effectively
manage these risks, benefiting not only the customer, but all
members of their supply chain. The objective is to minimise
collective risk and ensure cost-effective governance and adherence
to regulations across all industries."
Rizikon - elevate your supplier risk management
The supply chain cyber standard operating model (SCC SOM) is
supported by Rizikon Assurance , a SaaS platform used by supplier
management and cybersecurity teams and across an organisation to
underpin the controls, tools and data needed to reduce supply chain
cyber risk.
Rizikon automates processes such as designing supply chain cyber
policy, grouping suppliers, creating detailed assurance plans,
applying appropriate assurance methods to each group, and reporting
on risk, compliance, and assurance coverage across the whole supply
chain. Rizikon also integrates with existing tools and data
sources.
Learn more about Crossword's Supply Chain Cyber practice and
standard operating model by visiting:
https://www.crosswordcybersecurity.com/supply-chain-cyber
- Ends -
Contacts
Crossword Cybersecurity plc - Tel: +44 (0) 333 090 2587
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Chief Financial Officer
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem / Daphne Zhang / Ciara
Donnelly
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
For media enquiries contact:
General:
Duncan Gurney, GingerPR
duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300
Financial PR:
David Hothersall, Kinlan Communications
davidh@kinlan.net - Tel: +44 (0) 207 638 3435
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/
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