CynergisTek Announces Expansion Renewal of $1.4 Million 3-Year Managed Services Agreement
27 April 2021 - 7:00PM
Business Wire
Nationally recognized health system more than
doubles its contractual renewal with CynergisTek to include
additional affiliate hospitals
CynergisTek, (NYSE AMERICAN: CTEK), a leading cybersecurity firm
helping organizations in highly regulated industries, today
announced a $600,000 managed services renewal agreement with a
long-term client along with over $800,000 in new services to add
coverage for its new affiliate hospitals to conduct on-going
security risk assessments and related services.
CynergisTek’s State of Healthcare Security 2020 reports that
when it comes to cybersecurity it’s all about rinse, repeat, and
repeat again. Organizations that conduct regular risk assessments
and prioritize remediation show significant improvement in their
NIST CSF conformance and score. Last year the healthcare industry
experienced a 260% increase in ransomware attacks and when Covid-19
quickly changed the traditional business model to remote work and
telehealth it gained the attention from board-level executives to
focus on building stronger cybersecurity and privacy practices.
CynergisTek’s managed services are designed to reduce risk over
time by supporting the organization to continually remediate,
train, evaluate the strategy, and validate the effectiveness of
their efforts.
“Healthcare consolidation has led to an increased attack surface
and new risks as organizations become larger and more complex. We
are proud that our client is committed to solidifying their
security and privacy posture across the entire enterprise including
their new affiliate hospitals and for choosing CynergisTek as their
critical partner on this journey,” said Caleb Barlow, CEO and
president at CynergisTek.
About CynergisTek, Inc.
CynergisTek is a top-ranked cybersecurity firm dedicated to
serving the information assurance needs of the healthcare industry.
CynergisTek offers specialized services and solutions to help
organizations achieve privacy, security, and compliance goals.
Since 2004, the company has served as a partner to hundreds of
healthcare organizations and is dedicated to supporting and
educating the industry by contributing to relevant industry
associations. In 2020, the company was awarded Black Book’s Top
Healthcare Cybersecurity Consultants for two consecutive years.
Forward-Looking Statements
This release contains certain forward-looking statements
relating to the business of CynergisTek that can be identified by
the use of forward-looking terminology such as “believes,”
“expects,” “anticipates,” “may” or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including uncertainties relating to product/service
development, long and uncertain sales cycles, the ability to obtain
or maintain patent or other proprietary intellectual property
protection, market acceptance, future capital requirements,
competition from other providers, the ability of our vendors to
continue supplying the company with equipment, parts, supplies and
services at comparable terms and prices and other factors that may
cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
Certain of these risks and uncertainties are or will be described
in greater detail in our Form 10-K and Form 10-Q filings with the
Securities and Exchange Commission, which are available at
http://www.sec.gov. CynergisTek is under no obligation (and
expressly disclaims any such obligation) to update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210427005947/en/
Investor Relations Contact: CynergisTek, Inc. Paul
Anthony InvestorRelations@cynergistek.com Media Contact:
Allison + Partners Jaime Tero 415-755-8639
jaime.tero@allisonpr.com
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