REG - Crossword Cybersec - Rizikon Partnership with Global Defence Company

Crossword CybersecurityAnnouncement

18/06/2024 07:00

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RNS Number : 7843S  Crossword Cybersecurity PLC  18 June 2024

 

Crossword Cybersecurity Plc

CROSSWORD SIGNS RIZIKON PARTNERSHIP WITH A GLOBAL DEFENCE AND AEROSPACE
COMPANY

 

The UK subsidiary of a defence and security company and Crossword enter an
exclusive partnership to jointly market Rizikon supply chain cyber platform.

 

18 June 2024 - London, UK - Crossword Cybersecurity Plc
(https://www.crosswordcybersecurity.com/) (AIM:CCS, "Crossword", the "Company"
or the "Group"), the cybersecurity solutions company focused on cyber strategy
and risk, announces that it has signed a three year, exclusive partnership
with the UK subsidiary of a global aerospace, defence and security company, to
jointly market Rizikon, the supply chain cyber platform, to selected sub
sectors within the UK critical national infrastructure (CNI) market. The
partnership will be publicly launched to clients by both parties in the next
few weeks.

 

Supply chain cyber security risks are an increasing challenge for all
organisations, as a number of recent high profile incidents have
demonstrated.  The partner has identified a particular need for clients
across the CNI sector, who all need to minimise cyber risks across their
third-party partners and supply chains and will take a comprehensive solution
to market based on their services and expertise, with Crossword's Rizikon
supply chain platform delivered as a service to clients.

 

Stuart Jubb, Group MD and incoming CEO of Crossword, said: "This is a
potentially transformational partnership for Crossword with a global scale,
innovative defence and security partner with an outstanding reputation. This
Rizikon partnership will enable us to help multiple, large scale CNI
organisations make their supply chains more secure. This partnership will
drive significant growth in Crossword's Rizikon revenue with the potential to
generate several million pounds over the coming years."

 

- Ends -

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

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 / Elliot Peters

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

Claire Louise Noyce

For media enquiries contact:

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 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, our Trillion™
suite of threat intelligence products, Trillion Breach, Harvista and Arc 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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