TIDMCCS
Crossword Cybersecurity PLC
11 May 2023
Crossword Cybersecurity Plc selected for Top 100 Cybersecurity
firms
11 May 2023 - London, UK - Crossword Cybersecurity Plc (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, 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(TM) 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 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 .
- 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/
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END
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May 11, 2023 02:00 ET (06:00 GMT)
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