Report Shows Hacking Attacks on Healthcare Providers Increased 320% in 2016; Identifies Ransomware as Prominent Threat to Hospitals Austin, TX, February 15, 2017— CynergisTek™, an Auxilio company (NYSE MKT: AUXO), and industry leader in health information
CynergisTek's Senior Penetration Tester John Nye provides a preview of his HIMSS17 hacker demos, "Wireless Worries", "Mobile Devices and Portable Hacks", and "The Problem with Wetware."
CynergisTek™, an Auxilio company (OTCQB: AUXOD), an industry leader in health information privacy, compliance and cyber security, today announced that it was ranked Best in KLAS in the Cyber Security Advisory Services category in the 2017 Best in KLAS Awards: Software & Services report. This is the first time this category has been included in the Best in KLAS rankings.
Auxilio, Inc. (OTCQB: AUXOD), a leading provider of complete document workflow solutions and IT security services for the healthcare industry, announced today that it will acquire Austin, TX based CynergisTek, an industry leader in health information privacy, compliance and cybersecurity consulting, for initial consideration of approximately $26.8 million in combined cash, stock, and seller debt. Additional “earn outs” may be paid of up to $7.5 million over the next five years based on certain financial criteria being met. The acquisition will enable the Company to meet growing demand from healthcare customers for comprehensive IT security solutions that reduce risk and deliver long-term value.
CynergisTek, an authority in health information security, privacy and compliance, today announced exceptional growth in 2016, with a 27 percent increase in client projects. Notably, the company signed Boca Raton Regional Hospital, Baptist Health and Faith Regional Health Services; and expanded existing relationships with Asante Health System and Gibson Area Health System. The company also closed several deals with business associates in 2016, including Clearsense, DataFile Technologies and SI-BONE.