WhiteHawk extends Defense contract
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Further entrenching its position in the US Defense industry, WhiteHawk Ltd’s (ASX:WHK) contract to provide its 360 Cyber Risk Framework to a top 12 Defense Industrial Base (DIB) company for supply chain risk management has been extended.
WhiteHawk is the first global online cyber security exchange and AI (artificial intelligence) driven cyber risk mitigation company enabling small-to-medium businesses (business with revenue of up to $1 billion) to take smart action against cybercrime.
This top 12 Defense Industrial Base company has contracted with WhiteHawk to implement a comprehensive 360 Cyber Risk Framework which includes provisioning of an online Software as a Service (SaaS) subscription augmented by consulting services.
A combination of description and consulting revenues provides both recurring income and earnings predictability.
Cyber Risk Rating baseline for suppliers
Through quarterly reporting, the customer will establish a Cyber Risk Rating baseline for key supplier companies in support of federal contracts by means of continuous monitoring, alerts, and actionable mitigation recommendations.
This approach will provide the customer with actionable intelligence, clear visibility and transparency into the cyber health and status of its suppliers.
The customer will receive quarterly Cyber Risk Scorecards for 30 additional suppliers and Risk Portfolio Reports for the top 5 suppliers.
These reports will provide additional insights based on WhiteHawk Cyber Analysts performing cyber intelligence analytics on the raw data collected from the security rating providers.
WhiteHawk develops and delivers quarterly reports that summarize findings and recommendations for each supplier company to act upon in order to increase their cyber maturity.
The supply chain companies whose risks are identified and prioritized as part of this framework will be referred to the WhiteHawk Online Cybersecurity Exchange for risk remediation.
Upon completion of setup and configuration, the customer will have the ability to view and monitor the identified suppliers’ cyber security risk ratings and the comprehensive business ecosystem dashboard that includes business, technical, and security risks.
The contract provides for cyber risk analytics for up to 30 companies, considered as “phase 2” of the original agreement.
Terry Roberts, Executive Chair of WhiteHawk, commented, “Automating Cyber Risk Discovery, Alerting, Prioritization and Mitigation across major Federal Contractors should be everyone’s priority today, thereby building in resilience across the Defense Industry in real-time.
“With each implementation we are gaining important ground, demonstrating our unique and scalable approach to future government and industry customers.”
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.