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™ 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 -
Crossword Cybersecurity plc – Tel: +44 (0) 333 090 2587
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:
David Hothersall, Kinlan Communications
email@example.com – Tel: +44 (0) 207 638 3435
Duncan Gurney, GingerPR
firstname.lastname@example.org – 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/