CynergisTek Unit Redspin Nails DoD's Cybersecurity Certification

CynergisTek Inc’s CTEK division, Redspin, has successfully cleared the Defense Contract Management Agency (DCMA) Defense Industrial Base Cybersecurity Assessment Center (DIBCAC) Cybersecurity Maturity Model Certification (CMMC) Level 3 certification as a Candidate CMMC Third-Party Assessor Organization (C3PAO).
The U.S. Department of Defense (DoD) is aiming to reduce the estimated $600 billion in annual cybercrime losses through third-party cybersecurity assessment of contractors with access to federal contract information (FCI) and controlled unclassified information (CUI).
President Joe Biden has prioritized cybersecurity funding following Microsoft Corp’s MSFT Exchange email software, SolarWinds Corp SWI software, and Colonial Pipeline ransomware attacks.
Price action: CTEK shares traded higher by 30.6% at $2.43 on the last check Wednesday.