Crossword Cybersecurity plc has announced the availability of Rizikon Assurance 2.0, an online solution to the problem of third-party risk. The new version allows organisations to visualise all risks for each third-party through fully customisable 360-degree supplier scorecards. The new Third-party Assurance Framework Dashboard – an industry first – gives Supplier Management teams, Chief Risk Officers and senior executives a complete understanding of third-party risks across their supply chain, helping identify problem areas and prioritise remedial action.
Every day there is a new report of a third-party (often a supplier) causing financial, reputational or regulatory harm to a company – this could be a data breach, an issue with child labour, a missed delivery date, or a safety problem. Rizikon Assurance helps companies address the pressure from Regulators, Auditors, Compliance professionals and customers to improve third-party assurance & risk management. It supports the Rizikon Supplier Assurance Framework, an optional, technology independent, methodology for organising, managing and measuring third-party risks.
