Crossword Cybersecurity PLC Launch of vCISO Product (6008Z)
21 May 2019 - 4:00PM
UK Regulatory
TIDMCCS
RNS Number : 6008Z
Crossword Cybersecurity PLC
21 May 2019
21 May 2019
Crossword Cybersecurity plc
LAUNCH OF VIRTUAL CHIEF INFORMATION SECURITY OFFICER (vCISO)
PRODUCT WITH A GLOBAL FINANCIAL SERVICES INSTITUTION
Crossword Cybersecurity plc (AIM: CCS, "Crossword", the
"Company" or the "Group"), the cyber security technology
commercialisation company, is pleased to announce that its
Consulting division has launched a new product, virtual Chief
Information Security Officer (vCISO) in partnership with Reliance
acsn Ltd ("Reliance"), the IT security experts.
One of the key cybersecurity challenges organisations are
currently facing, is understanding and implementing the most
appropriate levels of cyber maturity for their company, and
therefore allocating their cyber security budget efficiently. In
response to these challenges, Crossword launched vCISO.
Crossword's vCISO managed services are a virtual/remote CISO
service, provided by Crossword Consulting cyber security experts in
conjunction with Reliance acsn's Managed Detect and Respond service
via their Security Operations Centre (SOC). The vCISO services
provide clients with a virtual cybersecurity team and network
protection at a fraction of the cost of building their own team and
clients are also able to leverage the deep cyber security and
technical expertise provided by Crossword and Reliance.
We have launched this product with our first client, a Global
Financial Services Institution this month and expect to onboard it
with several other clients later in 2019.
Stuart Jubb, Managing Director Crossword Consulting Ltd,
commented: "We are delighted to have launched our virtual CISO
service with a three-year contract, Crossword's largest value
contract to date. Our first client is already seeing the benefits
of having access to a top security team, at a fraction of the cost.
We have a number of opportunities in our pipeline for the vCISO
service and expect this will be a core part of our business in the
future."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulations (EU) No. 596/2014. 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) 20 3953 8460
Email: info@crosswordcybersecurity.com
Tom Ilube, Chief Executive Officer
Mary Dowd, Finance Director
Grant Thornton (Nominated Adviser) - Tel: +44 (0) 20 7383
5100
Colin Aaronson / Jamie Barklem /Niall McDonald
Hybridan LLP (Broker) - Tel: +44 (0)203 764 2341
Claire Louise Noyce
About Crossword Cybersecurity plc
Crossword Cybersecurity plc focuses on the development and
commercialisation of university research-based cyber security
related software and cyber security consulting. The Group's
specialist cyber security product development and software
engineering teams work with its university partners to develop the
research concept into a fully-fledged commercial product that it
will then take to market. The Group's aim is to build up a
portfolio of revenue generating, intellectual property based, cyber
security products. Rizikon Assurance, Crossword's leading product,
is a SaaS platform that enables medium to large companies to assess
the cyber maturity and GDPR readiness of their suppliers.
Crossword's team of expert cyber security consultants leverages
years of experience in national security, defence and commercial
cyber intelligence and operations to provide bespoke advice
tailored to its clients' business needs.
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END
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