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CynergisTek, Inc. (CTEK) has appointed John Flood to its board of directors, enhancing its leadership team as it targets double-digit growth and profitability. Flood brings extensive experience from Craig-Hallum Capital Group, where he led investment banking efforts. He will serve on the audit committee and spearhead a new committee focused on investor relations. The appointment is seen as pivotal for improving communication with shareholders and attracting institutional investors. Flood received 15,000 restricted stock units as part of his role.
CynergisTek (CTEK) announced a partnership with a multi-hospital academic health system to conduct an audit for Electronic Prescription for Controlled Substances (EPCS) certification. This certification, required by the DEA, is crucial for ensuring safety and combating opioid fraud. Backbone Consultants, part of CynergisTek, specializes in IT auditing and has a proven track record in assisting healthcare entities with EPCS compliance. This initiative aligns with the healthcare sector's increasing focus on addressing opioid abuse through stringent regulatory measures.
CynergisTek (CTEK) has secured a contract with a mid-atlantic health system consisting of seven hospitals to deliver comprehensive cybersecurity services. The agreement, valued in the six figures, includes penetration testing, risk assessments, and staffing support to enhance cybersecurity measures. With 64% of healthcare organizations failing to meet NIST CSF standards, this initiative underscores the health system's commitment to protecting patient privacy and operational integrity. CynergisTek's reputation as a collaborative leader in the cybersecurity space was instrumental in winning this competitive contract.
CynergisTek (NYSE AMERICAN: CTEK) has secured a four-year agreement with a Southern U.S. health system comprising five hospitals, enhancing its patient privacy monitoring services (PPMS). This agreement extends beyond the standard three-year term, signifying the company's growing reputation in healthcare cybersecurity. CynergisTek assists organizations in maintaining patient confidentiality and compliance through expert monitoring and resources. The company anticipates increasing demand for managed privacy services as healthcare teams seek to enhance patient protection.
CynergisTek (CTEK) announced that its division, Redspin, has been approved as a Licensed Training Provider (LTP) for Certified CMMC Professional and Assessor training. This positions Redspin uniquely to offer CMMC consulting services across the Defense Industrial Base (DIB). With 15 Department of Defense contracts requiring CMMC certification, Redspin aims to meet the training needs of approximately 1,200 contractors within the first year. Classes will be available online and in-person, with scheduling details forthcoming on their website.
CynergisTek, Inc (NYSE AMERICAN: CTEK), a leading healthcare cybersecurity firm, will host a conference call on August 16, 2021, at 4:30 PM ET to discuss its second-quarter 2021 financial results. These results will be made available prior to the call. Interested participants can access the call via U.S. (1-866-269-4262) or international lines (1-786-204-3977), using Conference ID 1559900. A replay will be accessible from August 16, 7:30 PM ET to August 23, 11:59 PM ET, through designated numbers.
CynergisTek (CTEK) released its fourth annual report highlighting significant cybersecurity challenges in the healthcare sector. The report indicated that 64% of assessed organizations scored below 80% on the NIST Cybersecurity Framework. Notably, supply chain security emerged as a critical weakness, with only 23% of organizations achieving an acceptable score. Despite progress during the pandemic, cybersecurity defenses remain inadequate. CynergisTek emphasizes the need for strategic investments in security to combat escalating cyber threats.
CynergisTek, Inc. (NYSE AMERICAN: CTEK) has re-appointed founder Mac McMillan as CEO and President. His return comes after Caleb Barlow led the company through a challenging period during the pandemic, steering its diversification strategy. Under Barlow, CynergisTek became the first organization to achieve Cybersecurity Maturity Model Certification (CMMC) Level 3. McMillan plans to engage employees, customers, and shareholders to outline future strategies, with more details expected during the earnings call on August 12. An employment agreement accompanies his appointment, with further details to be provided in a Form 8-K filing.
KTL Solutions announced that its customer Redspin is the first organization to achieve the DoD's Cybersecurity Maturity Model Certification (CMMC) Level 3 certification as a Candidate CMMC Third Party Assessor Organization (C3PAO). This certification validates Redspin's cybersecurity practices, a critical requirement for defense contractors to safeguard against cyber threats. KTL Solutions played a pivotal role in helping Redspin navigate the certification process, demonstrating their expertise as a Microsoft Gold Partner and CMMC Registered Provider Organization.
CynergisTek (CTEK) announces that its division, Redspin, has become the first to achieve Cybersecurity Maturity Model Certification (CMMC) Level 3 as a CMMC Third Party Assessor Organization. This certification allows Redspin to conduct required cybersecurity assessments for contractors handling federal contract information. The move is part of a broader initiative by the Department of Defense to enhance cybersecurity across the military supply chain, aimed at mitigating an estimated $600 billion in annual cybercrime losses.
