WhiteHawk renews cybersecurity contract with top social media player for $2.4M

Cybersecurity exchange company WhiteHawk Ltd (ASX:WHK) has renewed a contract for Third-Party Risk Management (TPRM) with an unnamed top-five global social media company to the tune of US$2.4 million.

The contract – which will run for two years for US$1.2M per year – involves WhiteHawk’s provision of third-party risk platform operations, architecture and cyber risk services, and cyber risk data integration services.

The third-party risk platform operations aspect will involve processes such as general operations, configuration and tuning of the platform, and onboarding and offboarding of third-party vendors for monitoring, alerting, assessment, and analytics.

Executive chair of WhiteHawk Terry Roberts said the contract renewal was a testament to the company’s high standards of work.

“Thanks to the excellent work of the WhiteHawk Team, this renewal for two years is both impactful and impressive,” he said.

“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.”

At 12:28 AEDT, WhiteHawk shares were trading flat at one cent.

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