Accenture Bags $112M Task Order For Federal Cyberattack Protection - Accenture (NYSE:ACN), Cloudflare (NYSE:NET)

Accenture PLC's ACN Accenture Federal Services (AFS) subsidiary won a $112 million prime task order from the Department of Homeland Security's Cybersecurity and Infrastructure Security Agency (CISA) to protect Federal Civilian Executive Branch (FCEB) systems against cyberattacks.
AFS and Cloudflare Inc NET will collaborate as CISA task order team members to mitigate the cyberattack effects, including ransomware, botnets, and malware campaigns, enhance real-time visibility into cyber threats, block phishing and malware attacks before occurrence and contain breaches that occur on devices, like laptops and cell phones.
The CISA Task Order on the Alliant 2 Governmentwide Acquisition Contract (GWAC) will run for a base period of one year with four one-year option periods.
President Joe Biden had prioritized cybersecurity funding following the Microsoft Corp's MSFT Exchange email software, SolarWinds Corp SWI software, Colonial Pipeline ransomware attacks.
Recently, International Business Machines Corp IBM dedicated a cybersecurity center for U.S. federal agencies.
Price action: ACN shares traded lower by 0.81% at $282.47 on the last check Friday.