Crossword Cybersecurity, a technology marketing company focused exclusively on cybersecurity and risk, has launched Rizikon Assurance Professional Edition, a new edition of its supplier assurance and third-party risk management platform focused primarily on small and medium-sized organisations
Crossword has demonstrated the value of Rizikon Assurance in large and complex enterprises, with a client base in such diverse sectors as nuclear and professional services.
It recognises that smaller organisations have the same third-party risk imperatives as more prominent companies but with less complex needs and often lacks in-house expertise in risk management. Rizikon Pro is an online SaaS solution, offered on a pay-as-you-go basis, giving smaller organisations access to a set of easy-to-use supplier insurance platform features at a lower cost.
Modules can be selected as required, meaning customers only pay for the features they use and can be expanded as needed. Crossword anticipates a swift roll-out to a broader client base in the coming year.
Rizikon Assurance is a secure, encrypted portal which puts organisations in control of managing risks in their supply chain. COVID-19, Brexit and a host of Environmental, Social and Corporate Governance (ESG) matters, have highlighted weaknesses within supply chains, raising awareness of the financial, regulatory, and reputational risks organisations indirectly carry.
Rizikon Assurance includes standard questionnaires on topics such as cybersecurity, GDPR, on-board suppliers, modern slavery, anti-bribery and corruption, and diversity and equality assessments to be released soon. Customers can also create their own question sets and scoring approaches, allowing for a 360-degree view of the supply chain risk in a single glass pane.
Rizikon Assurance enhances third party assurance and due diligence scalability, security, and auditability through its automated, centralised, and encrypted platform.
Sean Arrowsmith, group sales director, of Crossword, commented, “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.”
