Midwest Health System Signs $525,000 Managed Service Expansion to Multi-Year Partner Program with CynergisTek
04 November 2021 - 12:00PM
Business Wire
Major health system expands service agreement
by adding university medical center, pharmacies, and assisted
living facilities to its CynergisTek Resilience Partner Program
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, announces a half-million-dollar recurring contract
expansion with a leading Midwest health system, adding more than
twenty subsidiaries to the client’s existing Resilience Partner
Program agreement.
CynergisTek’s Resilience Partner Program (RPP) helps
organizations identify operational risk, remediate high priority
vulnerabilities, and achieve active readiness to respond
efficiently and effectively to cyber threats and disruptions. In
years past, healthcare organizations worried about protecting
patient data, now it’s about ransomware attacks shutting down
operations and locking systems for days, if not weeks, adversely
impacting patients. A trickle-down effect happens from stopping
patient care to causing a significant financial impact on the
health system’s bottom line, as seen with the attack on Scripps
Health, where they reported a $113 million in revenue loss.
“The healthcare industry needs to shift its thinking from a
compliance first approach to a risk first approach,” said Mac
McMillan, CEO and President at CynergisTek. “Organizations need to
combine both offensive and defensive measures to more fully address
today’s threat and our RPP is designed to do just that. We’ve
worked closely with this Midwest health system’s security team to
identify and address their risk. Adding these additional
subsidiaries allows them to extend their enterprise risk management
process across their entire attack surface. The industry
understands ransomware attacks aren’t slowing down and as a result,
we’re seeing an uptick in demand for our Resilience Partner Program
because a newer mindset in how to tackle risk is emerging, focused
on building the ability to better anticipate and withstand attacks
minimizing impacts.”
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/20211104005387/en/
CynergisTek Investor Relations Contact: CynergisTek, Inc.
Bryan Flynn (512) 402-8550 x8 InvestorRelations@cynergistek.com
CynergisTek Media Contact: Allison + Partners Jaime Tero
415-755-8639 jaime.tero@allisonpr.com
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