CynergisTek announced two six-figure Vendor Security Management contract renewals, one with a nationally recognized health system in the northeast, and the other with a community healthcare system in the southeast region. Both contracts are valid for three years and saw a revenue increase from their previous values. The healthcare industry relies heavily on third parties to provide a variety of services that help drive their business and support their operations, but cybercriminals regularly target these vendors to gain unauthorized access to enterprise systems. CynergisTek's VSM service is used to assess and manage an organization's third-party privacy and security concerns from business associates who have access to protected health information.

In today's threat landscape, there is increasing recognition of the need for the healthcare community to take a proactive approach to cybersecurity. Organizations need to ensure greater due diligence in understanding their security posture and in overseeing the privacy practices of their business associates. Both clients' ongoing renewal of their VSM contracts demonstrates their concern regarding vendor security and the confidence they have in CynergisTek's managed services to address this issue.