Crossword Cybersecurity Plc (LON:CCS) has launched the second iteration of its Rizikon Assurance risk assessment platform that provides better visibility of third-party risk areas.

Rizikon Assurance is an online software-as-a-service platform that makes organisations aware of risks from suppliers and other third parties, where orders in the first half of the year were more than doubled compared to the same period last year.

The new Rizikon Assurance 2.0 provides improved visualisation for customers of all risks for each third-party through fully customisable at-a-glance supplier scorecards.

This will not only feed in data from Companies House, but is now also fully integrated with credit ratings from Creditsafe.

Crossword said the new dashboard gives both top-level executives and risk specialists a top-level view of all risk across all third parties, covering assessments of cyber security, modern slavery, anti-corruption, GDPR and minimum wage legislation.

“Finally, boardrooms can answer the question ‘How much third-party risk do we have and exactly where is it?’,” said business developement director Jake Holloway.