Crossword Cybersecurity Share Discussion Threads

[timbo003] 22/4/2020 17:57

I bought a few more in the fundraise this week, the placing shares qualify for EIS tax breaks, so that's a bonus.

I note that Tom Ilube, the CEO also subscribed for 73,914 shares costing around £200K which is most certainly not just a token purchase

[euclid5] 03/3/2020 21:36

did they give any PT in the report?

[outlawinvestor] 14/11/2019 10:11

Today's RNS could be significant. I would keep an eye on the product's github repo and see how it resonates with developers.

[toffeeman] 24/10/2019 10:40

Interest rate of 12% - that is abhorrent - they could get a bank loan at one fifth of that rate.

[a_game] 24/10/2019 10:23

Good news today, no placing coming. Working capital loan being provided by Directors, current shareholders & 3rd parties! That's how you do it.

The prospect of a placing has been holding CCS back recently, this news should hopefully release the brakes.

[someuwin] 23/10/2019 07:25

Crossword Cybersecurity PLC

23 October 2019

Crossword Cybersecurity plc is sponsoring CIPS UK Conference 2019

23 October 2019 - London, UK - Crossword Cybersecurity plc (AIM:CCS, "Crossword", the "Company" or the "Group") are pleased to announce that Chief Product Officer, Jake Holloway, will be speaking at the CIPS UK Conference 2019 on the importance of every organisation implementing a Supplier Assurance Framework. Jake's talk will cover this in the context of a case study on Rizikon Assurance, the Company's supplier assurance management portal. Crossword Cybersecurity plc is proud to sponsor the event.

Crossword's flagship product, Rizikon Assurance, helps companies to gain visibility on the risks posed by third party suppliers. Jake will be introducing Rizikon Assurance 2.0 which combines intelligent questionnaires, dynamic supplier scorecards, and the new criticality-risk dashboard which makes supplier assurance far quicker and simpler than other methods.

Over 100 procurement senior managers are currently evaluating Rizikon Assurance for use in their enterprise, and a growing list of Rizikon Assurance users are quickly realising the benefits of a centralised approach to third party risk. The assessments range from GDPR, Modern Slavery, Anti-bribery and Corruption, to ISO 27001 standards and Cyber Security risks.

The CIPS Conference is the leading procurement conference in the UK, and last year's event boasted 40+ expert procurement speakers across a wide range of topics. This year's conference is expected to be bigger and better, with even more high-quality talks and exhibitors promised.

The conference will be held on the 31(st) October - 1(st) November 2019 at the Queen Elizabeth II Centre, London. If you are interested in reducing your supply chain risk then feel free to speak to Crossword's friendly team at the Company's stand, and make sure not to miss Jake's talk on Day 2, Stream 3 at 12:00pm.
For more information on Rizikon Assurance, visit: www.Rizikon.io and www.crosswordcybersecurity.com.

[someuwin] 20/10/2019 19:28

Good interview...

[someuwin] 15/10/2019 08:09

Crossword Cybersecurity PLC

15 October 2019

Agreement Signed with Global Aerospace Defence and Security Company

15 October 2019 - London, UK - Crossword Cybersecurity Plc (AIM:CCS, "Crossword", the "Company" or the "Group"), the technology commercialisation company focused solely on cyber security and risk, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with Leonardo MW Ltd ("Leonardo"), a global high-tech Aerospace Defence and Security company.

Crossword is rapidly becoming a leading player in the provision of risk assurance systems. Rizikon Assurance allows organisations to assess, assure, visualise and, ultimately, control third party risk.

The cooperation between Crossword and Leonardo will enable Leonardo's National Cyber Security Centre's certified cyber consultancy to use Rizikon Assurance to enhance its leading risk assessment and risk management practice for customers throughout the world. Leonardo targets its cyber security offerings at Government, Defence and Critical National Infrastructure both in the UK and internationally. Supporting that offering with industry-leading tooling such as Rizikon Assurance, will further improve outcomes for customers.

The MoU states an intention to collaborate across multiple workstreams, including an agreement to bid for certain significant contracts across multiple industries throughout 2020, utilising Crossword's flagship third party risk management solution Rizikon Assurance and Leonardo's extensive expertise in integration, cyber and third-party assurance. A recent Ponemon Institute survey found that 56% of data breaches were caused by a third-party vendor and with this issue gaining in media and regulatory attention, it is critical that businesses understand their third-party risk and how to mitigate it. Crossword's Rizikon Assurance and Leonardo's cyber and supply chain assurance capability perfectly align to address this growing requirement.

The MoU also explores opportunities to partner to deliver technology commercialisation, focusing on cybersecurity research in UK universities and bringing cutting edge technology to market.

Jake Holloway, Crossword's Business Development Director, said: "Having Leonardo as a partner will allow us to respond to much larger opportunities for our products like Rizikon Assurance. This is a big step in our development as a business."

[timbo003] 23/9/2019 11:29

Agreed, I would imagine that they will announce the launch of Nixer in the next month or so and then go for a smallish placing either at the same time, or very soon thereafter.

[someuwin] 23/9/2019 10:37

Increased LOSS for the 6 month period of 1,072,280.

Cash and Cash Equivalents at 30 June 2019 of 1,294,491.

Therefore, placing soon.

[timbo003] 05/9/2019 23:43

There were probably around 80 attendees at the Proactiveinvetor meeting earlier this evening, Mary Dowd and Jake Hollaway gave the CCS presentation

The slides should be available sometime tomorrow.

Attendees were given a brief summary of the company, its business and its prospects. They were also told about the recent launch of Rizikon 2.0 and Nixer, their new product that will be launched later this year.

The Nixer information was new news (to me).

Nixer was developed from a research project conducted at the Imperial College, it addresses the problem that arises after data bases of user names and passwords have been acquired by cyber-criminals.

Many individuals use the same user names and passwords for different web sites. It is relatively easy for a cyber-criminal to try out an individual's user names and passwords at various websites which use debit and credit cards for payment for goods or services. By using proxy servers, all log in attempts at a particular web site can be made to look as if they are coming from different PCs.

If the cyber-criminal gets a hit, then they are into the account with access to the individual's bank account/credit card.

Nixer is a B2B solution for operators of these vulnerable sites. It uses AI and machine learning to assess patterns in an individual customer's online behaviour and then looks out for deviations in that behaviour, which could indicate a hacked account. Like Rizakon, it is provided as SaaS (recurring revenue), running on CCS servers.

[aim_trader] 28/8/2019 11:47

Crossword Cyber Security will be presenting to investors at the Proactive One2One Investor Forum on Thursday 5th September in Mayfair from 6pm. For details and registration here:

[a_game] 09/8/2019 11:16

Solid trading update today. Impressive pipeline growth for Rizikon which now stands in excess of £3m. Very happy with the progress here - nicely growing business.

The customers they sign on will become prime candidates to purchase future Crossword products as they are rolled out into the market.

Flying well under the radar :)

[timbo003] 07/8/2019 23:26

Crossword will be presenting at the Proactive one2one meeting on September 5th


I've booked my place

[a_game] 06/8/2019 10:38

More delivery today from the team, inking contracts for Rizikon Assurance with councils across the UK.

Plus, due to how illiquid the stock is, so far weathered the trump-china sell off remarkably well.

What's not to like!

[a_game] 13/7/2019 10:59

As these fines keep coming, more businesses will turn to CCS for their Rizikon Assurance product - great news for us :)

Hoping to add more to my position here over the next few weeks. By far my most comfortable hold. Love how the team are heads down hard working, no hype & bs, no ramping. No one is interested either - buy when quiet ;)

[timbo003] 10/7/2019 09:37

Another big fine handed out by the Data Commissioner:



Keep 'em comin'

[timbo003] 08/7/2019 10:38

As foretold at the ECSC AGM last month ( )

The Information Commissioners Office (ICO) has just handed out the first fine for a security breach under the new GDPR regulations and as anticipated (by the ECSC directors) it is huge!



The ECSC BODs view was that the fines imposed by ICO were likely to be very large, mainly for two main reasons:
1) to scare companies into compliance
2) To demonstrate to Brussels that the UK were going to take GDPR very seriously with or without Brexit, so in the event of a hard Brexit, the UK would still participate in data sharing with the EU member states

This should be good for business at CCS and at other cybersecurity firms focused on GDPR compliance such as ECSC

………………………



………………………

[a_game] 30/6/2019 10:11

Heading in the right direction - this one is such a gem. Adding when I can. Love how Tom & team don't do bs, just heads down, working hard and delivering. A very rare sight on AIM.

I have no doubt this will be a £100m+ market cap before long.

[someuwin] 27/6/2019 07:26

Good. But released as 'RNS Reach' rather than a full RNS. i.e pr rather than price moving news.

[tallprawn] 27/6/2019 07:20

Very nice RNS this morning extending the reach of Rizikon Assurance to the nursing and midwifery council.https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/CCS/14126219.htmlIt's not showing on Advfn for some reason.

[a_game] 21/5/2019 13:37

another brilliant announcement this morning - when is the market going to cotton on to what's going on here..

This new product will be in high demand as can be seen from a major contract win straight off the bat. 'Global Financial Services Institution' - they will likely spend 10s if not 100s of millions on cybersecurity every year. The market is absolutely enormous here and we're still a little tiddler - albeit with a board the quality companies 100x our size don't have.

Now one of my largest positions and I intend to keep adding where I can.

[someuwin] 21/5/2019 08:08

21 May 2019

Crossword Cybersecurity plc

LAUNCH OF VIRTUAL CHIEF INFORMATION SECURITY OFFICER (vCISO) PRODUCT WITH A GLOBAL FINANCIAL SERVICES INSTITUTION

Crossword Cybersecurity plc (AIM: CCS, "Crossword", the "Company" or the "Group"), the cyber security technology commercialisation company, is pleased to announce that its Consulting division has launched a new product, virtual Chief Information Security Officer (vCISO) in partnership with Reliance acsn Ltd ("Reliance"), the IT security experts.

One of the key cybersecurity challenges organisations are currently facing, is understanding and implementing the most appropriate levels of cyber maturity for their company, and therefore allocating their cyber security budget efficiently. In response to these challenges, Crossword launched vCISO.

Crossword's vCISO managed services are a virtual/remote CISO service, provided by Crossword Consulting cyber security experts in conjunction with Reliance acsn's Managed Detect and Respond service via their Security Operations Centre (SOC). The vCISO services provide clients with a virtual cybersecurity team and network protection at a fraction of the cost of building their own team and clients are also able to leverage the deep cyber security and technical expertise provided by Crossword and Reliance.

We have launched this product with our first client, a Global Financial Services Institution this month and expect to onboard it with several other clients later in 2019.

Stuart Jubb, Managing Director Crossword Consulting Ltd, commented: "We are delighted to have launched our virtual CISO service with a three-year contract, Crossword's largest value contract to date. Our first client is already seeing the benefits of having access to a top security team, at a fraction of the cost. We have a number of opportunities in our pipeline for the vCISO service and expect this will be a core part of our business in the future."

[a_game] 09/5/2019 18:52

anyone make it to the AGM today? Unfortunately I couldn't - keen to hear any feedback

[tini5] 30/4/2019 09:38

Can't buy 1 share yet they'll take everything I have. Must be a buy order that wants filling.