CynergisTek (NYSE American: CTEK), a cybersecurity consulting firm, has seen a rally in its share price premarket Thursday after news it has been selected for a new contract by one of the largest U.S-based federal credit unions valued at nearly $300,000.
The deal will see CynergisTek provide Red Team and security assessment services.
Cybersecurity is one of the primary concerns of financial institutions and competition for contracts can be intense.
Ready to put what you’ve learned into practice?
Try IG’s platform with £10,000 in virtual funds and practise trading
without putting your own money at risk.
Try IG with a demo account →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Learn the markets with IG Academy
Build your knowledge with IG Academy educational content, then use a
demo account to practise what you’ve learned on the IG platform.
Explore IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
See how trading works before risking real money
IG’s demo gives you access to thousands of markets and £10,000 in
virtual funds, so you can explore the platform and test your ideas first.
Open an IG demo →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Turn trading theory into practical experience
Learn with IG Academy, explore charts and market tools, and practise
strategies in a simulated trading environment before going live.
Start practising with IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
Ready to take your learning further?
IG combines market education, analysis and an established trading platform,
giving you the tools to keep learning as you develop your trading skills.
Discover IG →
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
CynergisTek claimed it was awarded the contract due to its reputation for “excellent service.”
CynergisTek’s Red Team services will assess the credit union’s social engineering practices and conduct internal and external, and web application penetration testing to identify vulnerabilities in the system.
“I credit this new client win to the breadth of experience our Red Team and Security Consultants bring to the table and the focus from our entire company to drive our mission of ensuring that every interaction is meaningful and leaves our clients with the feeling they have learned something,” said Mac McMillan, CEO and President at CynergisTek.
“Working with this federal credit union highlights that our reach continues to gain traction outside of our traditional healthcare client base, demonstrating that our focus on data security resonates regardless of industry, and that CynergisTek is an ally that organizations can turn to for guidance as they build resilience into their security programs.”
CynergisTek’s stock price has climbed over 12% to $2.04 premarket.
Should You Invest in CynergisTEK Shares?
One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It’s a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now
