CynergisTek Shares Shoot Higher On Contract Win From Credit Union

  • Cybersecurity, privacy, compliance, and IT audit firm CynergisTek Inc CTEK won a contract valued at $300,000 from a U.S.-based federal credit union to provide Red Team and Security Assessment services.
  • CynergisTek's Red Team services will evaluate the organization's social engineering practices and conduct internal, external, and web application penetration testing to identify any vulnerabilities that could pose a cyber-attack risk.
  • Cybersecurity is a top-tier priority for financial institutions regulated by the National Credit Union Association (NCUA).
  • Price Action: CTEK shares traded higher by 15.9% at $2.11 in the premarket session on the last check Thursday.

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