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Prestigious University Signs Six-Figure Contract with CynergisTek
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Rhea-AI Summary
CynergisTek (CTEK) has secured a six-figure agreement with a state university system for cybersecurity services. This one-year contract includes remediation, security program development, and project management support. The university system oversees numerous campuses and medical centers, serving over half a million students and faculty. The education sector faces a serious cybersecurity challenge, with a reported 30% increase in cyberattacks during mid-2020, necessitating stronger security measures.
Positive
Secured a six-figure cybersecurity service agreement with a state university system.
Enhances CynergisTek's market presence in the higher education sector.
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None.
Well established state university system chooses CynergisTek for a range of cybersecurity services to build cyber resilience
AUSTIN, Texas--(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, announces a one-year six-figure cybersecurity service agreement with a prestigious state university system to conduct remediation, security program development, and project management support.
In the agreement, CynergisTek will offer support and cybersecurity expertise to the department overseeing and directing security efforts for the university system, including numerous campuses, multiple medical centers, and labs, representing over half a million students and faculty. The countless security challenges higher education institutions face includes complying with several regulations, balancing between providing a top-notch education, and gaining board-level buy-in towards investments to identify risk, provide training, and implement the necessary security tools, to developing a strategy that can be incorporated across the enterprise. The education industry ranks last in cyber preparedness and with a 30 percent increase in cyberattacks in July and August of 2020 compared to only a 6.5 percent increase across all other industries is an indication cyber needs to be a priority for higher education institutions.
“CynergisTek is very familiar with highly regulated and targeted industries such as healthcare academic medical centers and higher education institutions,” said Mac McMillan, CEO and President. “We are honored to expand our support for a prestigious academic medical center focusing on shoring up their resilience in an effort to reduce the chance of ransomware attacks and other cyber incidents. The challenges today are significant, and organizations rely on support from partners such as CynergisTek to assist them. We look forward to working alongside our client to combat threats.”
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.
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.
