CynergisTek Experiences Market Demand for Managed Security Services

CynergisTek, Inc. (NYSE AMERICAN: CTEK), a leader in cybersecurity, privacy, and compliance, today announced that one of its clients has expanded its partnership with a multi-year engagement for Managed Security Services (MSS), as well as Cybersecurity Remediation Services. The new, multi-year agreement totals over $1 million in additional business and is the direct result of the client proactively following the company’s guidance to pursue remediation efforts after the analysis of risk assessments conducted by CynergisTek.

The new MSS engagement includes 24/7 security event monitoring to reduce the potential impact of a cyberattack by thoroughly and accurately classifying security threats within the client’s network, endpoint devices, and cloud and SaaS applications. With CynergisTek’s security expertise, the company can focus on its core business, and trust CynergisTek to manage and support its security function.

"Adversarial activity typically increases during dynamic and uncertain times like these, and we are pleased to see our clients bolstering their defensive posture,” said Caleb Barlow, CEO and president of CynergisTek. "As the healthcare sector prepares, it is critical to take proactive steps to address increasing security and privacy risks that threaten their operations. With our deep expertise, CynergisTek can work closely with our customers as an extension of their team to shore up their security programs, allowing them to focus on their core competencies. This expanded engagement for our Managed Security Services and Cybersecurity Remediation Services serves as testament to the domain expertise CynergisTek delivers.”

About CynergisTek, Inc.

CynergisTek is a top-ranked cybersecurity firm dedicated to serving the information assurance needs of the healthcare industry. CynergisTek offers specialized services and solutions to help organizations achieve privacy, security, and compliance goals. Since 2004, the company has served as a partner to hundreds of healthcare organizations and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been recognized by KLAS as a top performing firm in healthcare cybersecurity and was awarded the 2019 Top Healthcare Cybersecurity Consultants in Black Book IT Advisory Outcomes Survey.

Forward-Looking Statements

This release contains certain forward-looking statements relating to the business of CynergisTek that can be identified by the use of forward-looking terminology such as "believes,” "expects,” "anticipates,” "will,” "may” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/service development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices 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 our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. 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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