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West Coast Hospital System Renews Multi-Year Agreement for Privacy And Security Managed Services for Over $300,000.
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
CynergisTek has signed contracts worth over $300,000 with a prominent west coast medical center for its Compliance Assist Partner Program (CAPP) and Vendor Security Management (VSM) services. These contracts span three years and aim to enhance the cybersecurity posture of the healthcare organization, which has over 390 beds. The services include enterprise risk assessments and vendor risk management, supporting the client in maintaining compliance and improving security maturity.
Positive
Contracts worth over $300,000 signed for a three-year managed service renewal.
Focus on enhancing the cybersecurity posture for a major healthcare client.
Services include enterprise risk assessments and vendor risk management.
Negative
None.
CynergisTek to provide its flagship Compliance Assist Partner Program (CAPP) and Vendor Security Management (VSM) services to well-known west coast medical center
AUSTIN, Texas--(BUSINESS WIRE)--
CynergisTek, Inc. (NYSE American: CTEK), leading cybersecurity, privacy, compliance, and IT audit firm helping organizations in highly regulated industries navigate emerging security and privacy issues, announces a well-known medical center with 390+ beds has signed two contracts totaling over $300,000 for a three-year managed service renewal and a Vendor Security Management renewal. CynergisTek will provide this client with its signature Compliance Assist Partner Program (CAPP) service, which will include continuing cybersecurity services such as an enterprise risk assessment, advisory services, and an interoperability security controls assessment. CynergisTek will also provide its Vendor Security Management service which will include a risk assessment of the organization’s vendors with included support to vendors and customizable reporting.
CynergisTek’s team of experts will continue to assist this client in strengthening its risk management program, meeting compliance requirements, and achieving its goal of improving the overall maturity of its controls. In addition, their second managed service, VSM, will continue to address supply chain risks associated with third parties. Both services are focused on enabling safe and secure operations by improving their security posture.
“We are excited about this continued partnership as it allows us to assist in the maturity of their overall cyber risk program in a meaningful way by assessing, validating, and advising on cybersecurity threats. We are especially proud to support this organization in promoting an interoperability security controls assessment which is unique to this CAPP engagement and will aid the organization in protecting EHI,” said Dave Bailey, VP of Security Services at CynergisTek.
“This client has been a partner for many years, and we’ve had the privilege of being a part of their journey in evolving their cyber program. The extension of our support through these services highlights their commitment to maintaining and securing sensitive patient data. This kind of commitment and effort to build a proactive program makes them the kind of partner we enjoy working with and serving,” said Mac McMillan, CEO of CynergisTek.
About CynergisTek, Inc.
CynergisTek 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. 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 the COVID-19 pandemic, including 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; the general economic impact of the ongoing war in Ukraine, including the impact of related sanctions being imposed by the U.S. Government and the governments of other countries, and the impact of potential reprisals as a consequence of the war in Ukraine and any related sanctions; 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, or the ongoing war in Ukraine. 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.
CynergisTek signed contracts exceeding $300,000 with a west coast medical center for its Compliance Assist Partner Program and Vendor Security Management services.
What is the duration of CynergisTek's new contracts?
The contracts are set for three years.
How will CynergisTek's services benefit the medical center?
The services will enhance the medical center's cybersecurity posture through risk assessments and compliance support.
