Crossword Cybersecurity Plc develops cyber risk assessment tool utilising City research
Technology commercialisation company, Crossword Cybersecurity Plc, has signed an agreement with leading accountancy firm, MHA MacIntyre Hudson, to co-market Rizikon, a new cyber risk analysis tool.Rizikon, Crosswords’ first commercial product, is based on research undertaken by Professor David Stupples and his team.
Professor Stupples is a specialist in internet security, particularly organised cyber terrorism, who has extensive experience in advising the UK government, private enterprise and military administrations around the world.
Under the terms of the agreement, MHA MacIntyre Hudson, with 85 partners and over 550 staff servicing the UK, will introduce Rizikon to its large client base of small and medium-sized enterprises. The product builds on four years of research and development at City. Among Rizikon’s benefits are its jargon-free summaries of a company’s existing security, broken down into the areas of greatest risk. It also recommends adjustments to existing protections, such as anti-virus and firewalls, to maximize their effectiveness. Tom Ilube, founder of Crossword, said: “Many SME bosses have neither the time nor the in-house expertise to stay on top of online threats, many of which can inflict substantial commercial and reputational damage to their businesses. We developed Rizikon as tool for the real world. It doesn’t demand technical expertise, hours of form-filling and it works in tandem with existing online protections to maximize their effectiveness. We are delighted to be partnering with Rakesh Shaunak and MHA MacIntyre Hudson and look forward to bringing the benefits of Rizikon to its clients.”
Maximising cybersecurity protection
Rakesh Shaunak, Chairman of MHA MacIntyre Hudson, said:
“I’m very pleased to be working with Tom Ilube, the founder of Crossword, whom I’ve known for many years and is a genuine innovator whom I respect greatly. Crossword has brought Rizikon to the SME market, which we share. Rizikon offers our clients peace of mind, and is designed to spare their time and also, importantly, not baffle them with bewildering technical jargon.”
Professor Stupples said:
“We are very pleased that our research developed at City is being parlayed into solutions which will maximise cybersecurity protection for enterprises, especially those within the SME sector, which are particularly vulnerable to attack. It is hoped that Rizikon will become the cyber risk analysis tool of choice within the financial space.”
“We are grateful to Crossword Cybersecurity Plc for having confidence in our research and we acknowledge the further development undertaken by the company to evolve our work into a commercial cybersecurity product.”
Cybersecurity Risk Management means technologies, practices, and policies that address threats or vulnerabilities in networks, computers, programs and data, flowing from or enabled by connection to digital infrastructure, information systems, or industrial control systems, including but not limited to, information security, supply chain assurance, information assurance, and hardware and software assurance.