Nationwide Nuclear Laboratory Improves Provider Onboarding and Threat Administration With Rizikon from Crossword Cybersecurity

Accelerated and constant provider onboarding, with new insights into provider threat for procurement and provider administration groups.

14 December 2021 – London, UK – Crossword Cybersecurity Plc (AIM:CCS, “Crossword”, the “Firm” or the “Group”), the expertise commercialisation firm targeted on cyber safety and threat administration, at this time introduced that Nationwide Nuclear Laboratory (NNL), the federal government owned however operationally impartial UK nationwide laboratory for nuclear fission, is utilizing Rizikon Assurance, Crossword’s provider assurance and third-party threat administration platform, to carry new efficiencies to its provider onboarding and administration processes.

NNL has been making a tradition change in the way in which it serves its clients, and engages provide chains to keep up a strong status, be agile, dependable, protected and progressive, managing a whole lot of provider contracts throughout the total nuclear lifecycle. A few of these suppliers are small, however provide extremely specialised companies to the nuclear sector, while others are worldwide organisations on multi-year contracts for building, upkeep, and decommissioning tasks.

A typical onboarding course of requires a provider to finish a number of kinds about each side of its enterprise operations, which might be time consuming to handle for all events, resulting in delays, issues, and poor visibility of dangers. As one of the crucial extremely regulated and intently monitored sectors, NNL is continually working with suppliers to make sure they’ve the proper processes and insurance coverage in place, as nicely vital business certifications, reminiscent of ISO 27001 for data safety administration.

Rizikon is a safe, encrypted portal which places an organisation in charge of managing dangers in its provide chain and the monetary, regulatory, and reputational dangers they not directly carry. Rizikon comprises commonplace questionnaires on topics reminiscent of cyber safety, GDPR, provider on-boarding, trendy slavery, and anti-bribery & corruption. Clients may also create their very own query units and scoring approaches, enabling a 360-degree view of provide chain threat in a single pane of glass.

Quick onboarding and credit score checkingNNL can be utilizing the credit score checking options of Rizikon, which makes use of direct integration with Creditsafe to offer an immediate standing report on a provider’s creditworthiness through the onboarding course of from a database of over 320 million corporations worldwide. This step is especially vital given the long-term nature of tasks within the nuclear business, the place NNL must minimise the dangers of working with suppliers whose long-term monetary future and former efficiency must be independently verified and might be very time consuming.

Higher threat visibilityNNL contracts are banded, with all gold and silver contracted suppliers now onboarded into the Rizikon platform. The holistic nature of the Rizikon platform implies that NNL because the contracting authority can exhibit the chance profile and standing of suppliers at any time, and with ease, in addition to establish threat points throughout a complete contract group.

Victoria McConville, Senior Enterprise Analyst – Procurement, at NNL, mentioned: “Rizikon has helped us make our provider onboarding processes extra environment friendly, bettering the consistency of communications with suppliers, which has given us perception into new methods of reviewing dangers. NNL can handle any question associated to the completion of assessments securely by this platform, which makes the method faster and extra environment friendly, particularly with options reminiscent of credit score checks, and integration with Darkish Beam for cyber safety audits.

“Because the programmes we ship proceed to extend in scale and complexity, we’re creating our capacity to ship on time, high quality and price, while upholding a powerful observe report in security and safety. Being what a nationwide laboratory needs to be – placing worth first, while maximising our capabilities for the good thing about all.”

Rizikon’s ease and evolutionNNL was in a position to begin working with Rizikon, as it’s a cloud-based SaaS platform. One of many key options of Rizikon is its ease of use, which is vital when asking a provider community to undertake a brand new onboarding course of. All assessments are accomplished by a safe internet browser connection, intuitive and in a position to be left at any time, to return to the identical place later. Suppliers can simply insert feedback to lift queries, that are instantly delivered to the assessing organisation for assessment.

McConville concluded: “We are able to see new ways in which Rizikon can help our procurement and threat processes going ahead, and it nice to have this provider knowledge saved constantly in a single place. We had been in a position to stand up and operating in a short time with the platform, and the event group at Crossword has been very aware of solutions for function additions and enhancements.”

Sean Arrowsmith, Group Gross sales Director at Crossword, commented: “Nuclear is considered one of our most extremely regulated and safety aware industries, so consideration to element and effectivity within the provider onboarding course of are vital. Via its use of Rizikon, NNL is gaining a extra environment friendly onboarding course of that permits procurement workers to have a simplified view of dangers in contract teams, and due to this fact concentrate on the upper worth features of environment friendly provider administration, slightly than the time-consuming administrative complications.”

ENDS

ContactsCrossword Cybersecurity plc – Tel: +44 (0) 20 3953 8460Email: information@crosswordcybersecurity.com Tom Ilube, Chief Govt OfficerMary Dowd, Chief Monetary Officer

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

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

For media enquiries contact:Lorena Duke, GingerPRcrossword@gingerpr.co.uk – Tel: +44 (0)1932 485 300

About Crossword Cybersecurity plcCrossword Cybersecurity plc focuses on the event and commercialisation of college research-based cyber safety and threat administration associated software program and cyber safety consulting. The Group’s specialist cyber safety product improvement and software program engineering groups work with its college companions to develop the analysis idea right into a fully-fledged industrial product that it’ll then take to market. The Group’s goal is to construct up a portfolio of income producing, mental property primarily based, cyber safety merchandise. Rizikon Assurance, Crossword’s main product, is a SaaS platform that allows medium to massive corporations to evaluate and handle all dangers from their suppliers. Nixer CyberML, one other Crossword product, is a brand new software for companies that need to resolve superior safety and cybercrime issues, reminiscent of detecting and coping with compromised accounts, fraud, and in-application denial of service assaults. Identiproof, Crossword’s most up-to-date product, is the World Large Net Consortium (W3C) verifiable credentials suitable middleware and pockets expertise. Crossword’s group of skilled cyber safety consultants leverages years of expertise in nationwide safety, defence and industrial cyber intelligence and operations to offer bespoke recommendation tailor-made to its purchasers’ enterprise wants, together with risk monitoring.

About Nationwide Nuclear LaboratoryNNL is the UK’s nationwide laboratory for nuclear fission. Authorities owned, we’re an operated nuclear companies expertise supplier overlaying the entire of the nuclear gasoline cycle. With our distinctive set of expertise, services and capabilities – together with 4 world-leading laboratories in North West England – we’re harnessing nuclear science to profit society.

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