Crimson Risk is an eco-system of professionally skilled and informed collaborative corporate partners all with a common goal – to help business clients understand and mitigate their cyber risks. Crimson Risk is an independent owned entity of Cyber Indemnity Solutions Limited a New Zealand based company that offers a suite of services not available anywhere in the market.
Crimson Risk simplifies an extremely complex and multi-faceted problem by amalgamating deep technical, legal, consulting, data recovery and insurance services into one solution for a client. This turns complexity into simplicity for those that wish to prevent, living with or working out what to do after the cyber-breach event.
The Crimson Risk Business Eco System will grow to manage an annual case volume of more than 10,000 authorised Users Globally.
The process workflows for Crimson Risk range from simple linear workflows, to complex multi-process workflows. Approximately 75% of all Crimson Risks technical, legal, consulting, data recovery and insurance services fall within the complex range.
After careful Market analysis, Crimson Risk selected WaiveNET’s new cloud SaaS platform offering as the best fit for the organisation. WaiveNET is an innovative, Software as a service platform provider of bespoke platform services. WaiveNET’s hierarchical partnership automation platform for managing partner performance, warranting higher levels of engagement and productivity from channel partners is cloud- based, software for channel partners functioning within a Business Eco-system.
Crimson Risks requirements for dealing with multi user process and negotiation were a key factor in selecting the WaiveNET solution.
A hosted solution was required by Crimson Risk. It was critical that the sensitive data under their control was hosted securely in given they are a preeminent Cyber Risk authority. WaiveNET’s new Managed Services offering was able to accommodate this hosting solution in a state-of-the-art data centre.
Crimson Risk is close to achieving its goal of realising an electronic work management model, moving away from paper-heavy and human delegated task processes. WaiveNET enables the company to manage a great number of people, processes and projects for data security and project allocation and the work necessary to achieve this goal.
With the WaiveNET solution, Crimson Risk gives Crimson Partners access to resolution services, to submit and receive information, view project and client information, respond to schedule requests, and interact with the Crimson Risk Eco System via the WaiveNET Crimson Risk bespoke portal.
Importantly, WaiveNET offers Crimson Risk the flexibility and scalability it requires. As Crimson Risk grows and current clients’ needs change, WaiveNET allows Crimson Risk to create new workflows and/or reconfigure current processes in-house with minimal external support required.