LONDON (ShareCast) - (Sharecast News) - Crossword Cybersecurity announced on Tuesday that its consulting division has recently signed numerous agreements, including three with companies spanning the automotive, insurance and property sectors, to work with them on improving their cyber security posture.
The AIM-traded firm said an industry-leading cyber transformation project had now started, with an unnamed "global pioneer" in connected vehicle data.

Crossword said it would assist the company with implementing a globally-recognised cyber security standard, ranking it among major global players in the technology industry.

Achieving that standard would reportedly enable the firm to work more efficiently with any global automotive manufacturer.

Its consulting division also secured business with a leading international insurance broker that conducts business in the Lloyd's of London market.

A third-party audit left the organisation with a "long list" of security measures to implement, but Crossword said the broker lacked the in-house expertise to do so.

Crossword Consulting worked with the organisation to offer advice on how best to improve their cyber maturity.

Since developing the organisation's prioritised cyber security strategy, Crossword would now also be carrying out the transformation work and implementing the practical recommendations devised to make the organisation more resilient.

Finally, the consulting division implemented its 'Virtual Chief Information Security Officer' (vCISO) product with an SME property investment firm.

One of the key cyber security challenges organisations were currently facing, Crossword explained, was understanding and implementing the most appropriate levels of cyber maturity for a company, and allocating a cyber security budget efficiently.

In response to those challenges, Crossword launched vCISO, which it described as a virtual and remote CISO service, provided and managed by Crossword consulting cyber security experts.

The vCISO service would provide the client with a virtual cyber security team and network protection at a fraction of the cost of building their own team, with the client are also able to leverage the cyber security and technical expertise provided by Crossword and Reliance ACSN.

"We are delighted that Crossword Consulting is making such headway, especially in terms of breaking ground into new sectors and with large corporations," said managing director Stuart Jubb.

"This reflects the high regard in which our consultants are held, in what is an extremely competitive market."

Jubb described it as "a pleasure" to announce its second vCISO client, noting that there were multiple vCISO opportunities in the pipeline.

"We believe that by using our vCISO service, clients are able to have peace of mind that they are taking the right measures to protect themselves from cyber security attacks whilst achieving excellent value for money."

At 1019 GMT, shares in Crossword Cybersecurity were up 2.53% at 487p.

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