
Crossword Cybersecurity Launches Rizikon Pro
Crossword recognizes that smaller organizations have the same third-party risk imperatives as larger enterprises, but with less complicated needs, and often lack in-house risk management expertise.
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CIO Applications Europe | Wednesday, July 22, 2020

Crossword recognizes that smaller organizations have the same third-party risk imperatives as larger enterprises, but with less complicated needs, and often lack in-house risk management expertise.
FREMONT, CA: Technology commercialization company focused on cybersecurity and risk, Crossword Cybersecurity, announced the launch of Rizikon Assurance Professional Edition (Rizikon Pro), a new edition of its supplier assurance and third-party risk management platform aimed primarily at small and medium-sized organizations. The company has demonstrated Rizikon Assurance's value within large and complex enterprises, with a client base in diverse sectors as nuclear and professional services.
Crossword recognizes that smaller organizations have the same third-party risk imperatives as larger enterprises, but with less complicated needs, and often lack in-house risk management expertise. Rizikon Pro is an out-of-the-box, online SaaS solution that is offered on a pay as you go basis. This new edition gives smaller organizations access to a set of core easy-to-use supplier assurance platform features at a lower cost. The modules can be chosen according to need, meaning customers only pay for the features they use and can be expanded as required. The company expects a rapid roll-out of the product to a broader client base throughout 2021.
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"Recent global events including COVID-19, Brexit, trade wars and ESG matters are drawing attention to the importance of supply chain management, and shining a torch on poor resilience, and the unknown risks organisations are carrying in their supply chains. The release of Rizikon Pro addresses the demand from smaller organisations to assess supply chain risk in a cost-effective way, helping them identify where to invest resources to reduce risk and build resilient supply chains, with the same success as our enterprise customers," said Sean Arrowsmith, Group Sales Director of Crossword.
Rizikon Assurance is a secure, encrypted portal that puts organizations in control of managing risks in their supply chain. The COVID-19 pandemic, Brexit, and various Environmental, Social, and Corporate Governance (ESG) matters have highlighted weaknesses within supply chains, raising awareness of the financial, regulatory, and reputational risks organizations indirectly carry. The platform contains standard questionnaires on subjects such as cybersecurity, GDPR, supplier onboarding, modern slavery, anti-bribery & corruption, and soon to be released diversity and equality assessments. It also allows customers to create their own set of questions and scoring approaches, enabling a 360-degree view of supply chain risk in a single pane of glass. Rizikon Assurance improves the scalability, security, and auditability of third-party assurance and due diligence through its automated, centralized, and encrypted platform.
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