CynergisTek Expands Relationship with Nationally Ranked Pediatric Hospital to Include Six-Figure Contract for Professional Consulting and Advisory Support
March 31 2022 - 7:00AM
Business Wire
Midwestern children’s hospital extends partnership with
CynergisTek beyond its two managed service agreements to include
professional consulting services
CynergisTek (NYSE American: CTEK), leading cybersecurity,
privacy, compliance, and IT audit firm helping organizations in
highly regulated industries navigate emerging security and privacy
issues, announces it has signed another six-figure agreement with
one of the largest pediatric hospitals in the United States.
CynergisTek will provide professional consulting and advisory
services to this client in order to bolster the security of their
networks and systems for operations and patient care.
Cybercriminals are constantly targeting the healthcare industry,
attempting to profit from the exploitation of their data and
business. Healthcare accounted for more than 50% of the ransomware
attacks that occurred in the U.S. last year, despite having to deal
with the pandemic. Healthcare also has one of the largest attack
surfaces of any digitally driven industry, with remote workforces,
third party vendors, telehealth, and other facets of their business
that extend where their data is stored, processed, and transmitted.
These factors add to the complexity of protecting it, especially
given the shortage of IT and cyber specialists. As a result,
healthcare is turning to partners to assist them with everything
from providing talent and resources to solutions and managed
services.
CynergisTek is focused on providing services and solutions that
assist clients in building resilience in their programs, enabling
them to have greater confidence in their ability to participate in
and respond to emerging cyber threats. “We have always prided
ourselves on listening to our clients and providing the solutions
they need most to solve the privacy and security challenges they
face right now and in the future,” said Mac McMillan, CEO of
CynergisTek. “This is a great example of that. Through our managed
service efforts, we learned that this client wants to improve its
overall security posture by accelerating its remediation
activities, and our team will provide the resources and expertise
needed through dedicated staff augmentation.” Acquiring and
retaining qualified cybersecurity resources is a cross-industry,
nationwide challenge. As of May 2021, there were approximately
465,000 open cybersecurity positions in America.
Healthcare organizations like this midwestern children’s
hospital understand the importance of strengthening the resilience
of their programs by enhancing their proactive cybersecurity
strategies. This expanded partnership will help them to lower the
risk of a cyberattack and achieve their cybersecurity goals, while
supporting CynergisTek’s mission to strengthen the healthcare
industry. Healthcare is a U.S. critical infrastructure and
providers are on the front lines of our defense.
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.
Cautionary Note Regarding Forward Looking Statements
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20220331005420/en/
CynergisTek Investor Relations Contact: CynergisTek, Inc.
Bryan Flynn (512) 402-8550 x7 InvestorRelations@cynergistek.com
CynergisTek Media Contact: CynergisTek, Inc. Trinity
McPherson (443) 853-8468 trinity.mcpherson@cynergistek.com
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