High Wire Networks Secures 3-Year, $300,000 Managed Cybersecurity Services Contract Expansion for Global Aerospace Logistics Company

BATAVIA, Ill., Jan. 10, 2023 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed security and technology enablement services, has secured an expanded three-year, $300,000 contract renewal to provide its Overwatch managed cybersecurity services for a global aerospace company.

The aerospace company provides critical logistics support for the airlines industry. While technology and digitization has brought many advantages to aviation, the complex environment creates special challenges for managing cyber vulnerabilities. It makes the airline industry an attractive target for cyber threat actors with a multitude of motivations, ranging from stealing data or money to causing disruptions and harm.

Recognizing these threats, the client expanded coverage of High Wire’s AI-powered managed extended detection and response (MXDR) cybersecurity services. MXDR provides the capability to manage, detect, and respond to any type of anomaly that warrant investigation. The client also broadened the scope of High Wire’s engagement to include managed endpoint solutions and other ancillary services across its network.

“This expanded engagement with a leading global aerospace company demonstrates the critical importance and effectiveness of our Overwatch services,” stated High Wire president and CEO, Mark Porter. “As cyber threats continue to become more complex, we are seeing an increasing number of clients looking to add additional subscription services to meet their security needs and compliance requirements.” 

Underpinning this demand is the increasing need for the operationalization of cybersecurity. This involves the implementation of best practices that strengthen a company’s cybersecurity infrastructure. When properly implemented by High Wire’s cybersecurity experts, it results in a strong security posture that can address advanced and continuously evolving cyberthreats.

“This aerospace logistics client has embraced our defense-in-depth strategy of incorporating the management of multiple Overwatch cybersecurity tools, with this increasing their financial commitment by 40% compared to our initial engagement,” added Porter.

“Combining our managed endpoint services and other tools into a cohesive solution enables us to eliminate the noise and provide only high fidelity, high value alerts and incidents for review,” stated Porter. “This enhanced operationalization of their cybersecurity investment enables them to continuously evolve with the ever-quickening pace of ‘cybertime’ and its intensifying cyber risk.”