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Monday, 10 August 2020 11:55

WhiteHawk lands cyber-risk monitoring contract with US govt agency

WhiteHawk lands cyber-risk monitoring contract with US govt agency Image by Phillip Roulain from Pixabay

The publicly-listed cyber security exchange WhiteHawk has signed a contract with the chief information and security officer of an US government agency to provide cyber risk monitoring.

WhiteHawk said in a statement that the company had been asked to implement its Cyber Risk Radar that provides continuous monitoring, prioritisation, and near real-time mitigation of an enterprise’s teammates, vendors, or supply chain’s cyber risks over time, including the identification and prioritisation of a risk mitigation strategy.

It said cyber risk scorecards would be provided quarterly, virtually and remotely for 150 to 300 vendors through an integrated risk management dashboard.

The annual software-as-a-service contract is expected to generate base revenue of US$580,000 (A$809,000), and up to an additional US$600,000 for each year of the contract. It can be renewed for four more years at the same price.

“After a very successful Proof of Value early last year, now we are putting in place our first five-year Cyber Risk Radar contract with a sophisticated US Government chief information officer, who will work with us to take the capabilities of our platform and virtual services to the next level,” said WhiteHawk chief executive and founder Terry Roberts.

“This is about protecting a major US Government organisation from vendor risk.

“The big deal for us is that we are the prime contractor; this is a direct contract with us it’s not through another contractor.”

On three other US Federal Department chief information officer contracts, WhiteHawk is a cyber solution sub-contractor to Accenture Federal, SAIC and Guidehouse (formerly PWC Federal).

“Vendors are always a weak link in any organisation. You can have the best security ever but, of major cyber breaches, over a third are through vendors, contractors and providers," Roberts said.

“We all rely on our vendors, suppliers and partners. In today's digital age their risks are our risks. Previous methods of closing this back door involved primarily compliance and self reporting. Ours involve continuous risk monitoring of all publicly available datasets and AI-based analytics baked into our cyber risk scorecards.”

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Sam Varghese

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Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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