Cycurion Inc. (NASDAQ: CYCU) announced it has filed legal action seeking millions in damages against ACCESS Newswire (NYSE American: ACCS) and other parties involved in distributing an unauthorized press release on March 16, 2026.

The McLean, Virginia-based cybersecurity company said the fraudulent release falsely claimed Cycurion had entered a definitive agreement to acquire a Washington, D.C.-based cybersecurity firm. The company stated it did not authorize, issue, or approve the release.

According to Cycurion, the fake announcement contained fabricated contact information, unsupported transaction claims, and false quotes. The company believes the incident was part of a coordinated effort to manipulate its stock price.

"As a publicly traded company, we will not tolerate attacks on our integrity or attempts to deceive our investors," said Kevin Kelly, CEO of Cycurion. "We moved swiftly to correct the record and are now on the offensive — pursuing full accountability and significant damages against those responsible."

The unauthorized release triggered abnormal trading activity on March 16, with trading volume surging above historical averages and the stock experiencing extreme volatility, the company said.

Cycurion has retained law firm Moskowitz Colson Ginsberg & Schulman, LLP for the litigation, with Peter R. Ginsberg leading the case. The company said it has notified and is cooperating with FINRA and Nasdaq MarketWatch regarding the matter.

The cybersecurity firm said it is using its proprietary cyber tools and digital forensics expertise to identify the perpetrators of the scheme.