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Your Most Personal Information, Banking Details, Social Security Numbers, Children’s Information, and More Is at Risk

As A Result, Global Cybersecurity Spending is Estimated to Reach $1 Trillion This Year,(1) Fueling Plurilock Security Inc.’s Massive Potential

Canada TSXV: (PLUR) United States OTC: (PLCKF)

June 15, 2021Plurilock Receives US$400,000 Order from California State Healthcare Agency

It’s only a matter of time before we’re hit with the next massive cyberattack.

Unfortunately, it’s no longer a question of if, but when.

“The U.S. is currently not designed to act with the speed and agility necessary to defend the country in cyberspace.  Our country has lost hundreds of billions of dollars to nation-state-sponsored intellectual property theft using cyber espionage,” as noted by the Cyberspace Solarium Commission, as quoted by Fox Business.(2)

Cities, hospitals, schools, and government agencies are all vulnerable.(2)

Worse, according to FireEye, as noted by Cybersecurity Insiders, “Nearly 29% of organizations haven’t tested their cyber defenses for a year and out of them more than half weren’t confident about whether their plans will work as per the expectations.”(3)

Even you’re at risk.

Your most personal information, banking details, social security numbers, your children’s information, and more are fair game. Just in case you think hackers can’t get to you, it’s already happened.

Even some of the biggest companies in the world have been hit.

In fact, even after numerous security warnings, a U.S. pipeline came under attack. The Colonial Pipeline was shut down after a ransomware attack, severely impacting our fuel supply. Considering the company supplies refined oil products to meet about 45% of the U.S. East Coast’s consumption needs, it was catastrophic.(4)

Worse, “Cybersecurity Ventures expects global cybercrime costs to grow by 15 percent per year over the next five years, reaching $10.5 trillion USD annually by 2025, up from $3 trillion USD in 2015.”(5)

Unfortunately, things could get far worse.

Cybersecurity Ventures further adds that:(5)

  • The total amount of data stored in the cloud could reach 100 zettabytes by 2025
  • About six billion people will be online by 2022 from five billion in 2020
  • By 2022, about a trillion networked sensors will be embedded all around us
  • By 2023, there will be more networked devices than humans on Earth

No wonder global spending on cybersecurity could exceed $1 trillion this year.(1) That’s why Plurilock Security Inc. (Canada TSXV: (PLUR) United States OTC: (PLCKF)), a cybersecurity innovator, could be positioned perfectly to lend desperately needed assistance.

Watch Video: Plurilock Security’s CEO

to Consider Plurilock Security Inc.

Canada TSXV: (PLUR) United States OTC: (PLCKF)

  1. Plurilock owns patented artificial intelligence solutions for invisible, non-interruptive, full-day authentication. This technology provides valuable insights into credential compromise for security teams, reduces helpdesk load, and offers a privacy-safe experience for users.(6-fact sheet)
  2. Global cybersecurity spending is predicted to exceed $1 trillion from 2017-2021 while the industry remains fragmented and suitable for M&A activity.(6-fact sheet)
  3. The work from home paradigm has resulted in an increased need for network security, with many employees and admin staff working at different locations. This increases their vulnerability to cyberattacks.(6-fact sheet)
  4. Customers have included government agencies, including the US Department of Homeland Security and the U.S. Army, as well as major banks and financial institutions.(6-fact sheet)
  5. The company also announced that a major U.S. financial services firm renewed a US$42,000 annual recurring contract for it to deploy its core authentication solutions.(8)
  6. It also just completed its acquisition of Aurora System Consulting, which had revenues of about $28 million USD in 2020, and a client base of about 140 top-tier clients.(8)

Plurilock Security Inc. Appears Technically Attractive

 Canada TSXV: (PLUR) United States OTC: (PLCKF)

After pulling back from about 75 cents to about 50 cents, Plurilock Security appears to have caught triple bottom support dating back to early February 2021.  The stock may also be oversold based on the relative strength (RSI), MACD, and Williams’ %R.

Even better, growth doesn’t appear to be a problem.

  • The U.S. Navy just awarded the company with a $1.15 million order for Enterprise-Wide Procurement, United States Government-Wide Acquisition Contract Vehicle.(7)
  • It announced the launch of a new product collaboration with prominent open-source identity and access management (IAM) software vendor, Gluu, Inc.(8)
  • It successfully completed the first of four milestones of a recent US$198,000 contract with the US Department of Homeland Security (DHS) Science and Technology Directorate’s Silicon Valley Innovation Program.(8) This is now the company’s third contract with the US DHS.
  • The company also announced that a major U.S. financial services firm renewed a US$42,000 annual recurring contract for it to deploy its core authentication solutions.(8)
  • It also just completed its acquisition of Aurora System Consulting, which had revenues of about $28.1 million in 2020, and a client base of about 140 top-tier clients.(8)

What Makes Plurilock Security Inc.’s  Potential So Mouth-Watering?

Canada TSXV: (PLUR) United States OTC: (PLCKF)

Plurilock is a cybersecurity firm based in Victoria, BC, that provides full-day identity, authentication, and detection using behavioral biometrics and continuous authentication technology. Unlike other MFA solutions, Plurilock does not rely on lengthy login workflows, additional devices, or code generators. Plurilock provides continuous credential compromise detection, filling identity-based security gaps other solutions leave behind.

Watch Video: Financial Cybersecurity in 2021

Even better:(6-fact sheet)

  • Plurilock owns patented artificial intelligence solutions for invisible, non-interruptive, full-day authentication. This technology provides valuable insights into credential compromise for security teams, reduces helpdesk load, and offers a privacy-safe experience for users.
  • Global cybersecurity spending is predicted to exceed $1 trillion from 2017-2021, while the industry remains fragmented and suitable for M&A activity.
  • The work from home paradigm has resulted in an increased need for network security, with many employees and admin staff working at different locations. This increases their vulnerability to cyberattacks.
  • Existing customers include government agencies, such as the U.S. Department of Homeland Security and the U.S. Army. The company also works with major banks and financial institutions.

The potential for growth here could be significant.

With our cybersecurity needs only growing by the day, we need all the protection we can get.

This is How Biometrics Could Change the Cybersecurity Industry

Every day, new threats appear.(11)

Old security practices are slowly failing; new technologies are required to thwart attacks. The most promising of these are behavioral biometrics—a revolutionary, privacy-friendly method for authenticating users. This could flat-out transform the security industry.

You’ve probably encountered traditional biometric authentication already in smartphone fingerprint readers and face scanners. However, you’ve probably also heard concerns about conventional biometric technologies and their implications for privacy and safety. Not to mention the potential of how traditional biometric technologies can possibly be fooled.

Behavioral biometrics takes the strengths of traditional biometrics technologies and eliminates the weaknesses and concerns that surround them. It does this by ending the reliance on body parts or records of activity. Instead, it analyzes unique micro-patterns in movement—patterns that are unique, impossible to duplicate or fabricate, and can’t be used to reconstruct a person’s identity or biography—only to authenticate them.

Biometrics Authenticates Users Based on Behavioral Patterns

Behavioral biometrics is an evolving technology that authenticates users based on patterns in their behavior. It identifies unique, individual regularities in the ways that people type and move, rather than identifying  parts of their bodies (fingerprints or irises), things that they have (key fobs or phones), or things that they know (passwords or biographical details).(11)

Unlike traditional authentication methods, which authenticate only when access is initiated, behavioral biometrics technologies authenticate continuously. So, for example, it can potentially evaluate a user’s ongoing interaction with their mobile device or computer in real-time.

Here’s How it Works with Plurilock (Canada TSXV: (PLUR) United States OTC: (PLCKF))

Every person behaves in a completely individual way.(11)

Plurilock’s behavioral biometric tools run on computer systems connected to an organization’s data. Each user with valid access automatically generates a behavioral profile that reflects the distinct ways in which they interact with critical systems—gestures such as keystrokes, screen swipes, and mouse movements.

Once a user’s profile is learned, their gestures are monitored silently to continuously authenticate identity between 250 and 300 times a day on average.

If behavioral patterns that don’t match the profile occur, the system can immediately prompt other forms of authentication, block access, or lock the device down entirely.

Types of Behavioral Biometrics

Though the field of behavioral biometrics continues to evolve, three basic types of behavioral biometric data can already be identified: kinesthetics (body movements), vocal patterns, and device-based gestures.

Device-Based Gestures

Keystroke Dynamics: Typing patterns that vary uniquely from user to user. These include a combination of keystroke speed, keystroke duration, variations in these for particular key sequences, and characteristic patterns that occur when typing common groups of keystrokes such as words or control sequences.

Touchscreen Swipes/Mobile Interactions: The unique ways in which users swipe, tap, pinch-zoom, type, or apply pressure on the touchscreens of mobile devices like tablets and phones.

Cursor Movements:Unique patterns in mouse or trackpad cursor movement including paths, tracking speed, direction changes, clicks, and the relationships between these.

Body Movements

Posture: The unique properties of an individual’s body position and weight distribution while standing or while seated.

Gait: An individual’s unique walking style, including characteristic movements made while in motion: stride length, upper body posture, and speed of travel relative to these.

Voice Inputs

Handling: The way an individual holds or handles a mobile device is another unique factor of behavioral biometric data.

Vocal Patterns: The unique, regular variations in sound that occur as a user speaks or vocalizes.

Behavioral biometrics can be used to ensure that the person attempting to use a system has been legitimately granted access to it. Look at phishing, for example.(11)

Though behavioral biometrics can’t stop a user from clicking on malicious links or supplying sensitive data to malicious actors, it can rapidly detect intruders. This is through phishing data used to access and act on a secured system—no matter what they attempt to do once logged in.

Strong Management, Strong Results – Plurilock Security Inc.

Canada TSXV: (PLUR) United States OTC: (PLCKF)

Ian Paterson – CEO

10-year data analytics entrepreneur, proven track record commercializing data science solutions and landing multi-million dollar accounts.

Jord Tanner – CTO

20-year technologist instrumental in scaling a previous venture-backed data analytics start-up from zero to 500k SaaS users before its sale to eBay.

Roland Sartorius – CFO & CORPORATE SECRETARY

25-year proven senior chief financial officer with experience and multiple exits in public, high-growth North American and European companies.

Aron Hsiao, Ph.D. — VP, PRODUCT & MARKETING

20-year technologist, expert in human-computer interaction and the sociology of media and technology.

Robert Kiesman — DIRECTOR AND CHAIR

Corporate lawyer specializing in securities law, mergers, and acquisitions  with Stikeman Elliott, LLP from 2009-2017. Former member of the Vancouver Airport Authority’s environmental advisory committee and board chairman of the Steveston Harbour Authority. Vice chair of the board of directors of the Provincial Health Services Authority, a public health authority with an annual budget of over $3.5 billion. Former director and audit committee chair of Powerband Solutions, Inc. (TSXV:PBX). Law degree from the University of British Columbia.

VADM Mike McConnell – DIRECTOR

Director of the National Security Agency of the United States under Presidents George H.W. Bush and Clinton. United States Director of National Intelligence under Presidents George W. Bush and Obama, managing an organization of 100,000 people with an annual budget of US$47 billion. Former head of the intelligence business at Booz Allen Hamilton, Inc (NYSE:BAH) before retiring as vice chairman. Current board member at multiple organizations. Two-time recipient of the highest United States award for service to the intelligence community under Presidents George W. Bush and Clinton. Masters of Public Administration from George Washington University and holder of multiple honorary doctorate degrees.

Barry Carlson – DIRECTOR

Veteran executive and investor with 45 years in leadership and governance roles in the software and information technology industries of British Columbia. Most recently Former founder and CEO of Parasun Technologies, Inc. (acquired by Uniserve in 2007) and former chairman and CEO of Scorpion Software, Inc. (acquired by Kaseya in 2015). Former president of the BC Electronic Manufacturer’s Association and led the creation of the BC Technology Industries Association (now BC TECH).

Ed Hammersla – DIRECTOR

Seasoned executive with over 40 years experience in software technology, startups, and cybersecurity. Former chairman and CEO of Utilidata, Inc., former president of global operations and CSO at Forcepoint, and former president of Raytheon Cyber Products, a Raytheon holding, where he sustained double-digit growth in revenue while coordinating M&A activity that led to the creation of Forcepoint. Former leadership roles at Trusted Computer Solutions, Sterling Software, Informix Federal, and NEC. Key figure in the development of trusted Linux variants that became Red Hat Enterprise Linux, the first major Linux OS to qualify as a “trusted” OS under the Evaluation Assurance Level (EAL) and Protection Profile (PP) measures of the internationally-recognized Common Criteria Evaluation and Certification Scheme (CCEVS) standard. Former investor and advisor for multiple organizations in the venture capital community. Currently serves on the advisory board for the Critical Infrastructure Resilience Institute (CIRI) and multiple other government committees, industry association working groups, and boards of directors.

Molly Falconer de Ramel – DIRECTOR

20 years experience advising leading North American executives in the financial sector including Bank of America, Blackstone, Citi, Citi PB, Credit Suisse, JP Morgan Chase, Morgan Stanley, and UBS. Currently CEO at well-recognized executive coaching firm Periwinkle LLC. Former network news anchor and reporter covering financial markets including the NYSE and NASDAQ. Recipient of the prestigious John Harvard Scholar Award at Harvard University where she graduated Magna Cum Laude.

to Consider Plurilock Security Inc.

Canada TSXV: (PLUR) United States OTC: (PLCKF)

  1. Plurilock owns patented artificial intelligence solutions for invisible, non-interruptive, full-day authentication. This technology provides valuable insights into credential compromise for security teams, reduces helpdesk load, and offers a privacy-safe experience for users.(6-fact sheet)
  2. Global cybersecurity spending is predicted to exceed $1 trillion from 2017-2021 while the industry remains fragmented and suitable for M&A activity.(6-fact sheet)
  3. The work from home paradigm has resulted in an increased need for network security, with many employees and admin staff working at different locations. This increases their vulnerability to cyberattacks.(6-fact sheet)
  4. Customers have included government agencies, including the US Department of Homeland Security and the U.S. Army, as well as major banks and financial institutions.(6-fact sheet)
  5. The company also announced that a major U.S. financial services firm renewed a US$42,000 annual recurring contract for it to deploy its core authentication solutions.(8)
  6. It also just completed its acquisition of Aurora System Consulting, which had revenues of about $28 million USD in 2020, and a client base of about 140 top-tier clients.(8)
Source 1: https://cybersecurityventures.com/cybersecurity-market-report/
Source 2: https://www.foxbusiness.com/technology/us-unprepared-cyberattacks-study
Source 3: https://www.cybersecurity-insiders.com/more-than-half-of-businesses-are-not-prepared-for-cyber-attacks/
Source 4: https://abc7chicago.com/pipeline-cyberattack-colonial-cyber-attack-shutdown/10597850/
Source 5: https://cybersecurityventures.com/cybercrime-damage-costs-10-trillion-by-2025/
Source 6: https://www.plurilock.com/company/investors/
Source 7: https://www.plurilock.com/press-release/plurilock-awarded-us1-15-million-order-with-u-s-department-of-the-navy/
Source 8: https://www.plurilock.com/press-release/plurilock-security-inc-reports-fourth-quarter-and-fiscal-2020-results/
Source 9: https://stockcharts.com/h-sc/ui?s=PLUR.V
Source 10: https://www.plurilock.com/company/investors/
Source 11: https://www.plurilock.com/what-is-behavioral-biometrics/

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Company Contact

Address:
Plurilock Security Solutions
330-702 Fort St
Victoria, BC V8W 1H2
Canada
Website:
https://www.plurilock.com

Company Description
Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps, and cumbersome authentication devices. Plurilock’s software leverages state-of-the-art behavioral-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based authentication solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely and with peace of mind.