High Wire Awarded Contract to Deliver Overwatch OT/IoT Security Agentless, Zero Trust, Cybersecurity Solution for Major U.S. Health System

BATAVIA, Ill., May 22, 2024 (GLOBE NEWSWIRE) -- High Wire Networks, Inc. (OTCQB: HWNI), a leading global provider of managed cybersecurity and technology enablement, was awarded a major new contract to deliver High Wire’s Overwatch OT/IoT Security for a U.S. health system comprised of more than 25 hospitals and clinics and dozens of ancillary care facilities.

The new project is in addition to the previously announced annual contract for onboarding and delivering agentless, zero trust, managed cybersecurity services for more than 2,000 IoT-type (Internet-of-Things) devices across the various campuses of the hospital system. The new engagement increases the total number of IoT-type devices under Overwatch management to 2,750.

“The increasing use of IoT devices brings with it the added complexities of securing network connections, particularly in medical spaces,” noted High Wire COO, Stephen LaMarche. “Many FDA-regulated devices were not designed to be properly protected by traditional security software and tools, so healthcare organizations are challenged with finding ways to eliminate emerging security vulnerabilities with IoT devices.”

A 2023 Ponemon Institute survey found that of 653 health care facilities that reported cybersecurity ransomware attacks, 43% found that it significantly impacted patient care, while 36% reported that it increased mortality rates.

“Our Overwatch OT/IoT Security solution helps alleviate these pressing problems and reduce security risks by managing access to a wide array of diverse IoT devices in a way we believe is unmatched in the industry,” continued LaMarche. “By deploying Overwatch agentless configurations, we create a new level of efficiency and security effectiveness for these sensitive sites that is monitored 24/7 by our U.S.-based Security Operations Center.”

Operating at the core of High Wire’s security operation center is Overwatch SOAR, a proprietary security orchestration, automation and response (SOAR) technology. The unique AI embedded in Overwatch SOAR automatically consolidates alerts from various threat prevention and detection-and-response platforms and processes them with intelligence-based rules that provide enhanced visibility, improved correlation, and faster remediation.

High Wire’s SOAR technology serves as an exponential force multiplier for its dedicated teams of professional security experts, empowering them to deliver the most secure and cost-effective cybersecurity solutions available on the market today.