WhiteHawk extends Defense contract

By Trevor Hoey. Published at Jun 18, 2019, in Technology

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.”

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