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WHITEHAWK LIMITED — Capital/Financing Update 2024
Dec 12, 2024
66062_rns_2024-12-12_a6ed395b-54bb-4b77-bac2-3f14b9667d48.pdf
Capital/Financing Update
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FOR IMMEDIATE RELEASE
13 December 2024
US$2.4M Contract Renewed with Top 5 Global Social Media Company
Highlights
Third-Party Risk Management (TPRM) contract with a Top 5 Global Social Media Company is renewed for two additional years for:
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Third-Party Risk Platform Operations
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Architecture and Cyber Risk Services
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Cyber Risk Data Integration Services
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2 Year Contract valued at US$1.2M annually
WhiteHawk Limited (ASX:WHK) (“WhiteHawk” or “the Company”) is the first global online AIbased cyber security exchange enabling all businesses and organisations to take smart action to prevent cybercrime, fraud and disruption and mitigate the impacts continuously. WhiteHawk achieves this via automated and scalable Cyber Risk Assessments, SaaS, and Analyst Platform as a Service (“PaaS”) product lines tailored for clients of all sizes.
WhiteHawk is pleased to announce the addition of a contract order under the current Master Services Agreement for Cyber Risk Services to support the client’s TPRM services. This additional order represents increased revenues under the existing Master Services Agreement of US$2.4M for 2 years of performance. TPRM Services include:
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Third-Party Risk Platform Operations
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General Operations, Configuration, and Tuning of the Platform
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Onboarding and Offboarding of Third-Party (“TP”) Vendors for Monitoring, Alerting, Assessments, and Analytics
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Monitoring and Alerting based on Key Performance Indicators, Tuning of Risk and Privacy Thresholds
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Escalation of Alerts/Threshold Triggers
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Report Generation
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Architecture and Cyber Risk Mitigation Services
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Analysis of TPRM requirements and Technology Insertion Evaluations to enhance data collection and reporting to meet Risk Intelligence Maturity initiatives
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Analysis of Platform data to develop mapping and alignment of Control Portfolio and Performance Metrics
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Risk mitigation engagement with high-risk vendors
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Integration Services
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Development of APIs that extract, translate, and format API-generated data for collecting TP’s Control Portfolio Performance and other available risk indicator data
WhiteHawk Limited Level 28 140 St George 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, “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.”
-ENDS-
Authorised for release by Terry Roberts (Chief Executive Officer and Executive Chair).
For more information:
| or more information: | ||
|---|---|---|
| Media inquiries (USA) | Investor inquiries (AUS) | Institutional Inquiries |
| WhiteHawk | WhiteHawk | Viaticus Capital |
| Marketing & Communications | Company Secretary | Principal |
| Morgan Goodale | Mindy Ku | Gavin Rezos |
| [email protected] | [email protected] | [email protected] |
| +1 571 236-8526 | +61 433 775 510 | +447447560303 |
About WhiteHawk
Launched with financing in 2018, WhiteHawk developed the first cloud, AI/ML-based cyber risk monitoring, prioritisation and mitigation online cyber security exchange, democratising access for all companies and organisations to address their Digital Age Risks and those of their suppliers/vendors, continuously and cost-effectively. WhiteHawk’s 100% automated product lines include one-time or annual subscriptions for a Cyber Risk Program (one Enterprise), or Cyber Risk Radar (portfolio of Organizations or Suppliers) and virtual Cyber Consults tailored to Client Needs. Via the WHK 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 organisations 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 George Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com