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WHITEHAWK LIMITED — Capital/Financing Update 2022
Dec 7, 2022
66062_rns_2022-12-07_2a8f0241-583e-4f32-bbc6-e57b771690bb.pdf
Capital/Financing Update
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FOR IMMEDIATE RELEASE 8 December 2022
WhiteHawk Cyber Risk Radar Contract with Global Social Media Company Renewed
Highlights
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WhiteHawk Software as a Service (SaaS) Cyber Risk Radar annual subscription renewed in support of 3[rd] Party/Cyber - Supply Chain Risk Management (C-SCRM) for a global social media company.
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Subscription includes Cyber and Business Risk Monitoring, Alerting and Prioritization and Reporting, all mapped to an interactive Vendor Risk Management Dashboard.
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This additional contract is valued at US$825,000 with option for expansion beyond current number of vendors/suppliers.
Perth, WA and Alexandria, VA - WhiteHawk Limited (ASX:WHK) (“WhiteHawk” or “the Company”), is the first global online cyber security exchange enabling all businesses and organizations to take smart action to prevent cybercrime, fraud and disruption and mitigate the impacts continuously - with automated and scalable Cyber Risk Assessments, SaaS, and Platform as a Service (PaaS) product lines.
Further to the Quarterly Activities Report released to the ASX on 31 October 2022, WhiteHawk is pleased to announce that after an initial 12-month contract period, the global social media company, one of WhiteHawk’s larger clients (by market value) has confirmed its renewal of its Cyber and Business Risk monitoring for a further 12 months, commencing 1 January 2023. The renewal represents new revenues of US$825,000 with further options to extend beyond the current number of vendors/suppliers. SaaS Solution includes automated Cyber and Business Risk monitoring, prioritization and mitigation over the next 12 months, enabling comprehensive vetting, monitoring, identifying, prioritizing and addressing a breadth of business and cyber risks, across a portfolio of 300 suppliers, vendors and partners.
The Cyber Risk Radar subscription includes:
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Continuous risk monitoring and comprehensive reporting on specified suppliers to include Cyber Risk Scorecards and Business Risk Reports that note and summarize risk findings, areas of focus, and applicable solution options.
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One-time Cyber and Business Risk Assessments on specified supplier(s) to include Cyber Risk Scorecards and Financial Risk Reports for vetting of vendors that summarize risk findings, areas of focus, and applicable solution options, delivered in short order for effective vetting of or annual reporting on vendors.
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All insights are delivered via a cloud-based Vendor Risk Management Dashboard, a comprehensive and access-controlled SaaS dashboard for ease of mapping to regulations, policies and for the tracking and managing of suppliers’ Cyber and Business Risk Performance, Reporting and Mitigation tasks and status.
WhiteHawk Limited Level 28 140 St Georges Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com
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Terry Roberts, Executive Chair of WhiteHawk, commented, “The continuation of this contract is an important validation that our Cyber - Supply Chain Risk Management capabilities and features are truly enabling a high-tech, global company to provide automated and continuous risk insights, advancing their team to stay on top of their vendor risks and mitigate them in near real-time from one integrated, accessible dashboard. Then as the client desires, we can seamlessly transition into a large program across thousands of Vendors/Suppliers.”
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Authorised for release by Terry Roberts (Chief Executive Officer and Executive Chair).
For more information:
Media inquiries (USA) Investor inquiries (AUS) Institutional Inquiries WhiteHawk WhiteHawk Viaticus Capital Marketing & Communications Company Secretary Principal Morgan Goodale Kevin Kye Gavin Rezos [email protected] [email protected] [email protected] +1 571 236-8526 +61 8 6311 4636 +447447560303
About WhiteHawk
Launched in 2016, WhiteHawk began as a cyber risk advisory service with a vision to develop the first online end-to-end cyber risk monitoring, prioritization and mitigation cyber security exchange, democratizing access for companies and organizations to continually address Digital Age Risks. WhiteHawk now operates a cloud based Cyber Risk Platform with Software as a Service and Platform as a Service Product Lines and subscriptions that automate and scale digital age risk prioritization and mitigation. Via their online cyber security exchange, the Company also continuously vets and offers a breadth of next generation cyber risk and security solutions, enabling all businesses and organizations to take smart action against cybercrime, fraud, and disruption, for themselves, their clients and across their supply chains, on an ongoing basis with demonstrated time and cost savings. For more information, visit www.whitehawk.com.
WhiteHawk Limited Level 28 140 St Georges Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com