RCS - Crossword Cybersec - Barron McCann to use Rizikon Assurance

Crossword CybersecurityAnnouncement

17/03/2020 07:00

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200317:nRSQ2699Ga

RNS Number : 2699G  Crossword Cybersecurity PLC  17 March 2020

Barron McCann to use Rizikon Assurance from Crossword Cybersecurity plc to

Expedite Supplier Onboarding

17 March 2020 - London, UK - Crossword Cybersecurity Plc
(http://www.crosswordcybersecurity.com) (AIM: CCS, "Crossword", the "Company"
or the "Group"), the technology commercialisation company focused on cyber
security and risk, has today announced that Barron McCann, the IT Services
company, will use Rizikon Assurance (https://www.rizikon.io/) to automate
their supplier onboarding process. This announcement comes off the back of the
launch of the second version of Rizikon Assurance in September 2019.

 

Barron McCann will use Rizikon Assurance to provide a holistic risk overview
of their top 250 suppliers, in order to mitigate the potential risks
originating from their supply chain. Rizikon Assurance automates the supplier
onboarding workflow, provides standardised questionnaires, and offers a
scalable secure centralised platform for the collection, review and sharing of
compliance data. Rizikon Assurance will replace manual, time consuming and
resource-intensive supplier management workflows that Barron McCann currently
has in place, helping them to assess and visualise the risk of each supplier
more effectively and efficiently, whilst also identifying risks in their
supply chain as a whole.

 

Barron McCann will take advantage of the new, fully customisable features that
Rizikon Assurance has to offer, including leveraging the scorecard module that
provides a 360-degree view of risk across their supply chain. Bespoke
scorecards will be generated that will visualise Barron McCann's suppliers'
current level of risk across multiple, relevant dimensions.

 

Richard Johnson, Leader for Procurement & Supply Chain at Barron McCann,
commented: "The solution developed by Rizikon Assurance will become one of our
key tools in identifying, quantifying and managing the risk and compliance
with our suppliers and service providers.  The customisable nature of this
system has enabled Barron McCann to focus the attention on the areas which are
of the greatest significance to our business.  The Rizikon Assurance system
will enable Barron McCann to re-evaluate our supply base more frequently,
efficiently and effectively than ever before."

 

Jake Holloway, Chief Product Officer, responsible for Rizikon Assurance,
commented: "We are delighted to work alongside Barron McCann to catalyse their
supplier onboarding and third-party risk management. There are many challenges
for organisations with complex supply chains when managing third-party
assurance risk. Technology can play a key role in giving risk and compliance
professionals the control and visibility they need, moving risk compliance
from a siloed and reactive activity, to a connected, proactive continuous
process that delivers a complete view of third-party risk. Third-party
assurance is particularly important for IT services companies, which outsource
to other organisations. 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. 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."

 

About Crossword Cybersecurity plc

Crossword Cybersecurity plc focuses on the development and commercialisation
of university research-based cyber security related software and cyber
security consulting.  The Group's specialist cyber security product
development and software engineering teams work with its university partners
to develop the research concept into a fully-fledged commercial product that
it will then take to market. The Group's aim is to build up a portfolio of
revenue generating, intellectual property based, cyber security products.
Rizikon Assurance, Crossword's leading product, is a SaaS platform that
enables medium to large companies to assess the cyber maturity and GDPR
readiness of their suppliers. Crossword's team of expert cyber security
consultants leverages years of experience in national security, defence and
commercial cyber intelligence and operations to provide bespoke advice
tailored to its clients' business needs.

About Barron McCann

Barron McCann provides class leading IT management services across a number of
sectors throughout the UK, Ireland and Europe. With the capability to deliver
consultation, design, deployment and maintenance services, BMc utilises a
comprehensive logistic network and a highly trained team of engineers to
deliver first time, every time, everywhere.

Barron McCann's customers include many of the UK's leading retailers as well
as customers in the banking, charity, leisure and QSR/QSF sectors.

 

Contacts

Crossword Cybersecurity plc - Tel: +44 (0) 20 3953 8460

Email: info@crosswordcybersecurity.com

Tom Ilube, Chief Executive Officer

Mary Dowd, Finance Director

 

Barron McCann Communications Contacts

Tim Clifford, Leader- New Client Sales & Marketing

M: +44 (0) 7791 229 418    E: tim.clifford@barronmccann.com
(mailto:tim.clifford@barronmccann.com)

Chloé Farmer, Marketing & Communications Manager

M: +44 (0) 7394 563 969    E: chloe.farmer@barronmccann.com
(mailto:chloe.farmer@barronmccann.com)

 

 

 

Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383 5100

Colin Aaronson / Jamie Barklem /Niall McDonald

 

Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341

Claire Louise Noyce

 

For media enquiries contact:

Lorena Duke, GingerPR

lorena@gingerpr.co.uk, 01932 485 300

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.   END  NRAGPURAWUPUGUQ