CynergisTek Awarded Six-Figure Contract to Provide Red Team and Security Assessment Services for Large Credit Union
30 September 2021 - 1:00PM
Business Wire
CynergisTek (NYSE American: CTEK), a leading cybersecurity,
privacy, compliance, and IT audit firm helping organizations in
highly regulated industries navigate emerging security and privacy
issues, has been selected for a new contract by one of the largest
U.S. based federal credit unions valued at nearly $300,000 to
provide Red Team and Security Assessment services.
Cybersecurity is a top-tier priority for financial institutions
and competition for their business is intense. Highly regulated by
the National Credit Union Association (NCUA) to ensure the
protection of member’s financial assets and transactions, the
credit unions look to partner with companies that share their
priority for security.
CynergisTek was awarded the contract due to its reputation in
the market for delivering excellent service. CynergisTek’s Red Team
services will evaluate the organization’s social engineering
practices and conduct internal and external, and web application
penetration testing to identify any vulnerabilities where they
could be at risk for a cyber-attack. By bringing in a third-party
to conduct a security risk assessment the organization will receive
an unbiased and thorough assessment that will lay out a remediation
roadmap prioritized by level of risk to the business.
“I credit this new client win to the breadth of experience our
Red Team and Security Consultants bring to the table and the focus
from our entire company to drive our mission of ensuring that every
interaction is meaningful and leaves our clients with the feeling
they have learned something,” said Mac McMillan, CEO and President
at CynergisTek. “Working with this federal credit union highlights
that our reach continues to gain traction outside of our
traditional healthcare client base, demonstrating that our focus on
data security resonates regardless of industry, and that
CynergisTek is an ally that organizations can turn to for guidance
as they build resilience into their security programs.”
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/20210930005343/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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