GRC International Group PLC Contract with South Asian financial institution
07 11월 2022 - 4:00PM
RNS Non-Regulatory
TIDMGRC
GRC International Group PLC
07 November 2022
7 November 2022
GRC International Group PLC
IT Governance business signs three-year contract with South
Asian financial institution
GRC International Group PLC (AIM: GRC, "GRC" or "the Group"),
the international governance, risk management and compliance
company whose main business is cyber defence-in-depth, announces
that its IT Governance business has signed a three-year contract
with a South Asian financial institution to help the organisation
with its SWIFT compliance. This follows IT Governance recently
being approved to join the SWIFT CSP (Cyber Security Providers)
directory.
IT Governance will initially identify and report on gaps in the
financial institution's SWIFT compliance and existing cyber
security controls. It will then work with the organisation on
remediation activities, recommending minimum security controls and
reassessing its SWIFT compliance framework.
SWIFT is a global member-owned cooperative and the world's
leading provider of secure financial messaging services. It carries
over five billion financial messages a year. The CSP directory was
developed by SWIFT for international businesses looking to assess
counter parties' levels of cyber compliance and implementation of
the CSP mandatory and advisory controls.
IT Governance was officially approved to join the Swift CSP
directory in October 2022 having met the exacting criteria with its
focus on cyber security services.
Alan Calder , Chief Executive Officer, commented:
"The combination of securing one of South Asia's largest
financial institutions as a client and being approved for the SWIFT
CSP directory demonstrate our growing international reach in
Asia/Pacific and our widening capabilities.
"SWIFT's CSP programme is one of the largest of its kind in the
world, particularly in financial services. It is one of only a few
mandatory global cybersecurity programmes. IT Governance's addition
to its unique CSP directory demonstrates our commitment to
broadening our services in the financial industry and the strength
of our SWIFT services.
"We believe that there are additional business opportunities to
be pursued in the Asia/Pacific region and similarly the Swift CSP
approval further enhances our highly regarded capabilities. We also
hope to secure further contracts to assist organisations on SWIFT
compliance."
Enquiries:
GRC International Group PLC +44 (0)330 999 0222
Alan Calder, Chief Executive Officer
Christopher Hartshorne, Finance Director
Singer Capital Markets (Nominated Adviser and Joint Broker) +44
(0)20 7496 3000
Phil Davies, James Fischer
Dowgate Capital Limited (Joint Broker) +44 (0)20 3903 7715
James Serjeant, Russell Cook, Nicholas Chambers
Meare Consulting +44 (0)7990 858548
Adrian Duffield
About GRC International Group PLC
GRC is an international governance, risk management and
compliance company whose main business is cyber
defence-in-depth.
A technology business, its proprietary premier brands including
the market leader, IT Governance, offer 'Our expertise, your peace
of mind' for GRC's wide range of domestic and international
corporate customers across all industrial sectors.
GRC's three operating divisions - Software as a Service (SaaS),
e-Commerce and Services - offer a wide range of products and
services encompassing: IT governance, risk management, compliance
with data protection and cyber security regulations, online and
in-person training and staff awareness, consultancy, online
publishing and distribution as well as software. The Group's
capabilities also include products and services to enable
corporates to address wider governance issues such as money
laundering and bribery.
In addition to its UK business, GRC has operations in the EU, US
and Asia-Pacific regions.
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