RCS - Crossword Cybersec - Top 100 Cybersecurity firms

Crossword CybersecurityAnnouncement

11/05/2023 07:00

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RNS Number : 9974Y  Crossword Cybersecurity PLC  11 May 2023

Crossword Cybersecurity Plc selected for Top 100 Cybersecurity firms

 

11 May 2023 - 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, today announces its inclusion in the CYBERTECH100
(https://fintech.global/cybertech100/) , an annual list of 100 of the world's
most innovative CyberTech companies selected by a panel of industry experts
and analysts.

 

Companies were selected for inclusion in the fourth annual CyberTech100 based
on their innovative use of technology to solve a significant industry problem
or generate cost savings or efficiency improvements across the security value
chain. CYBERTECH100 considers that these are the companies every financial
institution needs to know about as they consider and develop their information
security and financial crime fighting strategies.

 

Companies that won places on the list generate huge awareness among financial
services organisations and the wider cybersecurity community. Many are
approached directly by financial institutions while others got a warmer
reception from prospective clients and partners.

 

The list has been updated for 2023 to recognise the next-generation of
solution providers shaping the future of the cybersecurity industry. The list
aims to help senior executives and cybersecurity professionals identify which
technology solutions have market potential and should be part of their
integrated cybersecurity risk management strategy.

 

Crossword provides a range of services and products deployed by financial
services companies globally.

 

vCISO (virtual Chief Information Security Officer) service, continues to be
popular with all sizes of client and delivers a growing stream of recurring
revenue. Through vCISO, clients can avail themselves of the breadth and depth
of cyber security services offered by Crossword. It provides a fixed and
predictable operational cost for clients, in contrast to the high costs and
recruitment challenges that building an in-house cyber security capability
entails. vCISO ARR grew by 68% in 2022.

 

Nightingale is a comprehensive, world class, security monitoring service.
Nightingale mitigates the cyber threats and vulnerabilities an organisation
faces by bringing together multiple facets to identify and monitor
organisational assets, users, traffic, networks and endpoints. In 2022,
Nightingale continued to deliver on expectations and saw significant successes
in the period, with ARR growing by 29%. These included new investment
management clients, deployment to a major insurance company in a dual running
assessment and carrying out a cyber incident response at a top ten law firm.

 

Trillion™ SaaS product continuously tracks, correlates and analyses billions
of stolen usernames and passwords. This specialist focus since its launch in
2017 has led to an outstanding degree of expertise that is highly regarded by
the corporate market, for whom password/credential breach protection is one of
the highest priorities and who highly value Trillion's hallmarks of speed of
service, quality of data and confidentiality.

 

Industries including but not limited to banking, retail and manufacturing are
under mounting financial, reputational and regulatory pressure to monitor and
take control of supply chain cybersecurity risks. These include the
Supervisory Statement SS2/21 by the Bank of England's Prudential Regulation
Authority (PRA), in effect since 31st March 2022 and the EU's NIS2 Directive
and Digital Operational Resilience Act, in effect since 16th January 2023,
amongst others. Through its Rizikon Assurance  Saas product, Crossword helps
financial services organisations of all sizes to assess and manage their
supply chain risk at scale.

 

Crossword's team of expert consultants provides bespoke cyber security
consulting advice tailored to clients' business needs.  Crossword's
Consulting division includes one of the world's largest, global S&P500
insurance brokers, several FTSE 250 companies and a FTSE 100 company, and
delivered strong results in 2022, achieving 63% year on year growth.

 

Stuart Jubb, Group Managing Director for Crossword Cybersecurity, commented:
"I am delighted that Crossword's range of services and products serving the
constantly evolving needs of financial services clients have been recognised
in the fourth annual  CYBERTECH100 (https://fintech.global/cybertech100/)
list. Being a publicly quoted company, Crossword understands first-hand the
particular requirements and mind set demanded by financial services companies
across their range of needs. Crossword offers its financial services clients a
comprehensive range of products and services, from regulatory compliance and
monitoring, to breached accounts and supply chain cybersecurity, in addition
to expert consulting. We look forward to continue serving financial services
clients globally."

 

 

You can learn more about the full range cyber security products and consulting
services available from Crossword Cybersecurity by visiting
www.crosswordcybersecurity.com (http://www.crosswordcybersecurity.com) .

 

- 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 / Ciara Donnelly

 

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

Claire Louise Noyce

 

For media enquiries contact:

Financial PR:

David Hothersall, Kinlan Communications

davidh@kinlan.net - Tel: +44 (0) 207 638 3435

General:

Duncan Gurney, GingerPR

duncan@gingerpr.co.uk - Tel: +44 (0)1932 485 300

 

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 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, 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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