Technology commercialisation firm, Crossword Cybersecurity (CCS) announced on Tuesday that it had signed a Memorandum of Understanding with Leonardo MW Ltd, or ‘Leonardo’, a global high-tech Aerospace Defence and Security company.
The MoU will enable Leonardo's National Cyber Security Centre's certified cyber consultancy to use Crossword’s leading product, Rizikon Assurance, to enhance risk assessment and management practices for customers across the world.
Leonardo targets its cyber security offerings at Government, Defence and Critical National Infrastructure both in the UK and internationally.
By receiving support from Rizikon, considered an “industry-leading tool”, the company will further optimise customer outcomes.
The MoU states an intention to collaborate across multiple workstreams, including an agreement to bid for significant contracts across multiple industries in 2020 utilising Crossword’s Rizikon alongside Leonardo’s expertise in integration, cyber and third-party assurance.
The collaboration between the two parties is integral in addressing a growing requirement for understanding third-party risk after a Ponemon Institute survey found that 56% of data breaches were caused by a third-party vendor.
Additionally, the MoU explores potential partnerships regarding technology commercialisation with a focus on cybersecurity research in UK universities and bringing innovative technology to market.
Commenting on the partnership, Jake Holloway, Crossword's Business Development Director, stated, "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."
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