Crossword Cybersecurity Plc pronounces new Provide Chain Cyber observe in response to rising menace of provide chain cyber assaults

New built-in observe addresses 4x forecast progress in provide chain cyber assaults

28 June 2022 – London, UK – Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Firm” or the “Group”), the cybersecurity options firm centered on cyber technique and danger, has in the present day introduced the creation of a brand new built-in Provide Chain Cyber observe.

In response to consumer demand and the substantial enhance in provide chain cyber menace ranges, the built-in observe supplies a set of controls, processes and instruments, together with a variety of managed providers, recommendation and coaching to massively scale back the chance of direct cyber-attacks in addition to threats by way of third events throughout an organization’s provide chain.

The observe supplies an end-to-end strategy to produce chain cybersecurity and consists of an ordinary working mannequin (SOM) and a considerably up to date model of Rizikon Assurance, Crossword’s SaaS platform utilized by provider administration and cybersecurity groups and throughout an organisation to underpin the controls, instruments and knowledge wanted to scale back provide chain danger.

Up to date Rizikon options embrace automated assurance, versatile reporting and new dashboards that enhance provide chain cyber assurance, danger and compliance technique, coverage and operations.

Skilled cybersecurity advisor, Ryan King, has been appointed as Apply Lead and is supported by a devoted staff of specialists specialising in provide chain cyber danger.

Right this moment’s cyber menace potential is large and rising quick. The European Underneath Company for Cybersecurity (ENISA) reported in 2021 that it anticipated provide chain assaults to quadruple over the next 12 months. Consequently, industries together with however not restricted to banking, retail and manufacturing are underneath mounting monetary, reputational and regulatory strain to take management of cybersecurity dangers.

For organisations of any dimension, the best threats to cybersecurity are suppliers, third events and linked applied sciences as a result of they’re so laborious to manage. Latest analysis independently carried out for Crossword of over 200 Chief Info Safety Officers (CISOs) discovered that 83 per cent of CISOs seen “guaranteeing that the whole provide chain is water-tight in its potential to defend and recuperate towards menace actors” as a problem.

Right this moment’s options are failing – Crossword’s end-to-end strategy addresses the fundamentalsMany organisations are nonetheless utilizing internally centered concepts and options to attempt to tackle cybersecurity dangers within the provide chain, however by definition these aren’t ample since they fail to holistically combine the cyber dangers originating from exterior third events. Moreover, the longer and extra numerous a provide chain turns into, the sooner the dangers multiply in tandem with an organisation’s lack of ability to observe and handle these dangers.

Crossword’s Provide Chain Cyber strategy is devoted to assembly any organisation’s cybersecurity and provide chain resilience obligations by offering an end-to-end resolution. Crossword’s Provide Chain Cyber providing supplies:

A staff of cybersecurity business specialists, devoted to defining and delivering danger administration finest observe
A complete and versatile provide chain cybersecurity Normal Working Mannequin that defines processes, methods and buildings wanted to handle provide chain assurance, compliance, and danger in any business
An up to date model of Rizikon Assurance – an automatic, SaaS-based platform for managing provide chain cyber assurance, compliance and danger technique, coverage, and operations
Price-effective provider cyber audits and safety testing
Consulting providers together with provide chain cyber benchmarking, maturity assessments and advisory consulting, and coaching
Full managed providers for provide chain cyber assurance, compliance, and danger administration.

Stuart Jubb, Group Managing Director at Crossword Cybersecurity Plc, commented: “An entire new working mannequin and mindset is required to correctly tackle provide chain cyber dangers and assaults. Trying solely inwards and counting on internally focussed controls, methods and considering just isn’t sufficient to guard organisations in the present day. Crossword’s Provide Chain Cyber observe addresses the severity and fast-growing nature of dangers current in provide chains. It provides our prospects the instruments and processes to securely and cheaply handle these dangers, benefiting not solely the shopper, however all members of their provide chain. The target is to minimise collective danger and guarantee cost-effective governance and adherence to laws throughout all industries.”

Rizikon – elevate your provider danger managementThe provide chain cyber normal working mannequin (SCC SOM) is supported by Rizikon Assurance, a SaaS platform utilized by provider administration and cybersecurity groups and throughout an organisation to underpin the controls, instruments and knowledge wanted to scale back provide chain cyber danger.

Rizikon automates processes equivalent to designing provide chain cyber coverage, grouping suppliers, creating detailed assurance plans, making use of acceptable assurance strategies to every group, and reporting on danger, compliance, and assurance protection throughout the entire provide chain. Rizikon additionally integrates with present instruments and knowledge sources.

Be taught extra about Crossword’s Provide Chain Cyber observe and normal working mannequin by visiting:

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ContactsCrossword Cybersecurity plc – Tel: +44 (0) 333 090 2587Email: Tom Ilube, Chief Govt OfficerMary Dowd, Chief Monetary Officer

Grant Thornton (Nominated Adviser) – Tel: +44 (0) 20 7383 5100Colin Aaronson / Jamie Barklem / Daphne Zhang / Ciara Donnelly

Hybridan LLP (Dealer) – Tel: +44 (0)203 764 2341Claire Louise Noyce

For media enquiries contact:Common:Duncan Gurney, – Tel: +44 (0)1932 485 300

Monetary PR: David Hothersall, Kinlan Communicationsdavidh@kinlan.internet – Tel: +44 (0) 207 638 3435

About Crossword Cybersecurity plcCrossword provides a variety of cyber safety options to assist corporations perceive and scale back cyber safety danger. We do that by a mixture of individuals and expertise, within the type of SaaS and software program merchandise, consulting, and managed providers. Crossword’s areas of emphasis are cyber safety technique and danger, provide chain cyber, menace detection and response, and digital id and the purpose is to construct up a portfolio of cyber safety services with recurring income fashions in these 4 areas. We work intently with UK universities and our services are sometimes powered by educational research-driven insights. Within the space of cybersecurity technique and danger our consulting providers embrace cyber maturity assessments, business certifications, and digital chief info safety officer (vCISO) managed providers.

Crossword’s end-to-end provide chain cyber normal working mannequin (SCC SOM) is supported by our best-selling SaaS platform, Rizikon Assurance, together with cost-effective cyber audits, safety testing providers and full managed providers for provide chain cyber danger administration. Risk detection and response providers embrace our Nightingale AI-based community monitoring, Nixer to guard towards utility layer DDoS assaults, our Trillion and Arc breached credentials monitoring platforms, and incident response. Crossword’s work in digital id is predicated on the World Extensive Internet Consortium W3C verifiable credentials normal and our present resolution, Identiproof, permits safe digital verification of people to stop fraud.

Crossword serves medium and enormous shoppers together with FTSE 100, FTSE 250 and S&P listed corporations in numerous sectors, equivalent to defence, insurance coverage, funding and retail banks, non-public fairness, schooling, expertise and manufacturing and has workplaces within the UK, Poland and Oman. Crossword is traded on the AIM market of the London Inventory Alternate.

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