Crossword Cybersecurity Plc selected for Top 100 Cybersecurity firms list

Crossword Cybersecurity Plc selected for Top 100 Cybersecurity firms list

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.

Crossword's 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.

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