ShorePoint Books $51M FRTIB Cybersecurity Task

The Federal Retirement Thrift Investment Board has secured the cybersecurity services of Herndon, Virginia-based company ShorePoint under a $50.8 million contract. 

The cybersecurity requirements that ShorePoint will deliver include strategic guidance on modernizing the FRTIB’s cybersecurity, risk and compliance program. ShorePoint’s task deliverables will cover security architecture and engineering, risk and vulnerability assessment and penetration testing.

According to Matt Brown, company co-founder and CEO, the contract, with one base year and four option years, calls for developing an engine to mature the agency’s cyber program and strengthening FRTIB compliance to future and current federal mandates, like zero trust and enterprise logins, ShorePoint said Tuesday.

Brown commented that FRTIB has already established reliable compliance procedures and a clear vision for program modernization to boost its cyber resilience. 

The company’s services will support the agency’s Thrift Savings Plan for current and former government employees and uniformed service members. TSP uses a range of digital tools under the FRTIB’s Converge program launched in 2022.

The FRTIB contract follows the spot ShorePoint won in 2023 under a $300 million indefinite-delivery/indefinite-quantity contract for similar support services to the U.S. International Development Finance Corporation. The company is also providing zero trust architecture services to the Department of Education under a 2023 blanket purchase agreement.