WhiteHawk Limited (ASX:WHK) Secures US$2.4M Contract Renewal
Contract Renewal Details
WhiteHawk Limited (ASX:WHK) has successfully renewed a two-year Third-Party Risk Management (TPRM) contract with a top five global social media company, with a total value of US$2.4 million. This renewal includes the provision of Third-Party Risk Platform Operations, Architecture, and Cyber Risk Services, along with Cyber Risk Data Integration Services, each generating US$1.2 million annually.
Operational Scope
The TPRM services entail detailed operational responsibilities such as the onboarding and offboarding of vendors, risk monitoring, report generation, and the integration of technology for risk mitigation. WhiteHawk’s offerings include automated and scalable Cyber Risk Assessments tailored to various organisations’ needs.
Executive Comments
Terry Roberts, Executive Chair of WhiteHawk, expressed gratitude for his team’s performance in securing this vital renewal. He stated, “Thanks to the excellent work of the WhiteHawk Team, this renewal for 2 years is both impactful and impressive. We look forward to further advancing our client’s next-generation Third Party Risk Management Program, thereby enabling the Digital Age Resilience of this global corporation.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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