WhiteHawk Ltd (WHK) Secures $2.4M Contract Renewal with Top 5 Global Social Media Company

Key Highlights:

• Renewed two-year Third-Party Risk Management (TPRM) contract valued at $2.4M.
• Contract includes platform operations, cyber risk services, and data integration.
• WhiteHawk leverages AI-driven cybersecurity solutions for scalable protection.
• Significant growth opportunity for WhiteHawk in the global cybersecurity market.

WhiteHawk Limited (ASX: WHK), a pioneer in AI-powered cybersecurity solutions, has announced the renewal of its contract with a leading global social media company. The two-year Third-Party Risk Management (TPRM) deal is valued at $2.4 million, signaling a continued partnership in mitigating cyber risks for one of the world's top technology platforms.

Strengthening Cybersecurity Infrastructure

Under the renewed agreement, WhiteHawk will provide a comprehensive suite of services to support the client's TPRM initiatives. These include:

• Platform Operations: Configuration, monitoring, alert generation, and risk assessment of third-party vendors.
• Cyber Risk Mitigation Services: Analysis of high-risk vendors and integration of advanced technologies for improved data reporting.
• Data Integration Services: Development of APIs to enhance real-time data collection and analysis for better decision-making.

This partnership underscores WhiteHawk’s commitment to delivering scalable, automated solutions tailored to meet the dynamic needs of its clients.

Driving Digital Resilience

WhiteHawk’s Executive Chair, Terry Roberts, emphasized the impact of the renewed contract:
"This renewal showcases the exceptional capabilities of our team in driving next-generation TPRM solutions. We look forward to strengthening the digital resilience of this global enterprise."

The collaboration aligns with WhiteHawk's vision of enabling businesses to combat cyber threats effectively, reduce fraud, and ensure uninterrupted operations.

Pioneering AI-Based Cybersecurity

Since its launch in 2018, WhiteHawk has emerged as a global leader in democratizing access to cybersecurity. Its cloud-based platform offers tools like Cyber Risk Radar and tailored cybersecurity consultations, enabling businesses of all sizes to navigate digital-age risks efficiently.

Market Opportunities and Future Prospects

The renewed contract represents a significant revenue boost and reinforces WhiteHawk’s position as a trusted partner in the cybersecurity industry. As organizations worldwide prioritize cybersecurity in response to growing threats, WhiteHawk is strategically positioned to capture market share in this expanding domain.

WhiteHawk’s $2.4M contract renewal with a top social media company highlights its role as a key player in the global cybersecurity ecosystem. With cutting-edge technology and a commitment to innovation, WhiteHawk is poised to capitalize on the growing demand for robust, scalable cybersecurity solutions. This milestone sets the stage for further growth and establishes WhiteHawk as a trusted leader in digital risk management.

At the time of writing this article, Whitehawk Ltd (WHK) shares were trading at A$ 0.01