FLX Falanx Group Limited

TIDMFLX

RNS Number : 8274N

Falanx Group Limited

04 October 2021

04 October 2021

FALANX GROUP LIMITED

("Falanx", the "Group" or the "Company")

Falanx Cyber Launches Mass Market Cyber Security Assessment Tool

Falanx Group Limited (FLX.L), the AIM listed provider of cyber security and strategic intelligence services, is pleased to announce the launch of its new cyber security assessment tool, Falanx: Cyber Exposure Level ("f:CEL").

This new service offering is expected to play an important role in Falanx's reconnaissance stage of performing a cyber security risk assessment on businesses in order to assess their overall risk of being attacked or breached. f:CEL uses a multi-point reconnaissance approach to allow an external, non-invasive, light touch approach which requires minimal input from the user. The findings of this new assessment tool are displayed as a Falanx Cyber Exposure Level score. The f:CEL score is comprised of three elements:

   --    Digital Risk - assesses a company's Web and Dark Web content, including its website security 
   --    External IP Risk - assesses the security level of a company's public-facing servers 

-- Organisational Risk - assesses how effective a company's operations are in minimising their risk of attack

The user submits an easy-to-complete, quick, multiple-choice, online questionnaire following which f:CEL runs its analytical and diagnostic tools before providing its findings and recommendations the next working day. Following the initial sign-up report, f:CEL update checks can be performed regularly so that a business can keep track of their security posture. Each report run provides incremental remedial recommendations for the business to action as well as visibility on how their security posture improves over time.

f:CEL is sold on a subscription basis and is consequently expected to generate high quality recurring revenues. Various large channel partners have already expressed their interest in deploying this into their customer bases. Consequently, the Board believes that there is potential for growth, not only from sales of f:CEL itself, but also through incremental follow-on sales of cyber security services such as monitoring and penetration testing.

Mike Read, CEO, commented:

" Falanx Cyber has developed a mass-market, technology that will perform an objective and repeatable cyber security risk assessment on businesses. We believe this is an ongoing requirement for companies, of all sizes, in order to maintain a robust resilience against cyber threats"

"f:CEL is affordable and easily accessible for all sizes of business and can be deployed via larger partners. Initial deployments have already generated valuable insights to organisations, as well as discussions of sales of other Falanx services. f:CEL will allow executives to plan and budget to address weak areas and, perhaps more significantly, provide Board members with evidence on how they are looking after the business on behalf of all their stakeholders. "

For more information, please visit https://falanxcyber.com/fcel/

Enquiries:

 
 Falanx Group Limited                         Via IFC 
  Alex Hambro Chairman 
  Mike Read CEO 
  Ian Selby CFO 
 Stifel Nicolaus Europe Limited, Nomad and 
  Joint Broker 
  Alex Price / Fred Walsh                     + 44 (0) 207 710 7600 
 
   IFC Advisory Ltd, Financial PR & IR 
   Graham Herring / Zach Cohen                  +44 (0) 203 934 663 
 

About Falanx

Falanx Group Limited, is a global intelligence and cyber defence provider working with blue chip and government clients. For more information: https://www.falanx.com/

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October 04, 2021 02:00 ET (06:00 GMT)

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