RCS - Crossword Cybersec - Supply Chain Cyber

Crossword CybersecurityAnnouncement

28/06/2022 07:00

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RNS Number : 3595Q  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
(http://www.crosswordcybersecurity.com/) (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. (https://www.crosswordcybersecurity.com/supply-chain-cyber)

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
(https://www.crosswordcybersecurity.com/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
(https://www.enisa.europa.eu/news/enisa-news/understanding-the-increase-in-supply-chain-security-attacks)
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
(https://www.crosswordcybersecurity.com/crossword-report) 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 (https://www.crosswordcybersecurity.com/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
(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/
(https://www.crosswordcybersecurity.com/)

 

 

 

 

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