CynergisTek Reports Over 200% Growth in Privacy and Compliance Services
21 September 2021 - 1:00PM
Business Wire
Multiple companies in highly regulated
industries rely on CynergisTek for privacy consulting, GDPR, and
CMMC services
CynergisTek (NYSE American: CTEK), a leading cybersecurity firm
helping organizations in highly regulated industries navigate
emerging security and privacy issues, report new contract wins for
privacy consulting, GDPR, and CMMC services that push year over
year growth over 200% in the number of contracts for privacy and
compliance services across multiple verticals.
In a recent report, data privacy (55 percent) and data security
(57 percent) are now top issues that are most important to
consumers, and brands are starting to take notice. The uptick in
privacy and compliance services for CynergisTek comes from
organizations who understand that data privacy and security is a
necessity, not a nice to have. These organizations are investing in
building best-in-class privacy and security practices that are
compliant with requirements such as the Department of Defense’s
CMMC certification as a way to bolster the nation’s security and
consumer privacy laws like GDPR for European residents and CCPA for
California residents.
CynergisTek’s privacy and compliance services help organizations
assess their programs to determine if their practices meet industry
standards and where to focus efforts for advancement. Expert
resources from different disciplines are also provided to develop
policies and procedures, perform remediation work, manage functions
for the privacy and security teams who lack the resources, budget,
or time to commit to performing day-to-day tasks, and validate the
overall effectiveness of data privacy and security programs.
“Privacy and security are intertwined, and we aim to help our
clients make the connection between the two practices to create
robust data privacy and security operations, ultimately improving
consumer trust and revenue for the organization,” says Marti Arvin,
Vice President of Compliance & Privacy at CynergisTek. “Soon we
will be offering more privacy and compliance services to meet the
demand that will enrich our overall portfolio and support our
clients in reducing cyber risk and build resilience for their
organization.”
About CynergisTek, Inc.
CynergisTek (www.cynergistek.com) is a top-ranked cybersecurity
consulting firm helping organizations in highly-regulated
industries, including those in healthcare, government, and finance
navigate emerging security and privacy issues. CynergisTek combines
intelligence, expertise, and a distinct methodology to validate a
company's security posture and ensure the team is rehearsed,
prepared, and resilient against threats. Since 2004, CynergisTek
has been dedicated to hiring and retaining experts who bring
real-life experience and hold advanced certifications to support
and educate the industry by contributing to relevant industry
associations. For more information, visit www.cynergistek.com or
follow us on Twitter or LinkedIn.
Cautionary Note Regarding Forward Looking Statements
This release contains certain forward-looking statements
relating to the business of CynergisTek, Inc. These forward-looking
statements are within the meaning of Section 27A of the Securities
Act of 1933, as amended (the “Securities Act”) and Section 21E of
the Securities Exchange Act of 1934, as amended (the “Exchange
Act”) and can be identified by the use of forward-looking
terminology such as “believes,” “expects,” “anticipates,” “would,”
“could,” “intends,” “may,” “will,” or similar expressions. Such
forward-looking statements involve known and unknown risks and
uncertainties, including but not limited to uncertainties relating
to product/services development; long and uncertain sales cycles;
the ability to obtain or maintain proprietary intellectual property
protection; future capital requirements; competition from other
providers; the ability of the Company’s vendors to continue
supplying the Company with supplies and services at comparable
terms and prices; the Company’s ability to successfully compete and
introduce enhancements and new features that achieve market
acceptance and that keep pace with technological developments; the
Company’s ability to maintain its brand and reputation and retain
or replace its significant customers; cybersecurity risks and risks
of damage and interruptions of information technology systems; the
Company’s ability to retain key members of management and
successfully integrate new executives; the Company’s ability to
complete acquisitions, strategic investments, entry into new lines
of business, divestitures, mergers or other transactions on
acceptable terms, or at all; potential risks and uncertainties
relating to the existing and ultimate impact of COVID-19, including
the geographic spread, the severity of the virus, the duration of
the COVID-19 outbreak, actions that may be taken by governmental
authorities to contain the COVID-19 outbreak or to treat its
impact, and the potential negative impacts of COVID-19 on the
global economy and financial markets, 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 the Company’s Form 10-K and Form 10-Q filings
with the Securities and Exchange Commission, which are available at
http://www.sec.gov. Given the risks and uncertainties, readers
should not place undue reliance on any forward-looking statement
and should recognize that the statements are predictions of future
results which may not occur as anticipated. Many of the risks
listed above have been, and may further be, exacerbated by the
COVID-19 pandemic, including its impact on the healthcare industry.
Actual results could differ materially from those anticipated in
the forward-looking statements and from historical results, due to
the risks and uncertainties described herein, as well as others not
now anticipated. 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/20210921005326/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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