VANCOUVER, BRITISH COLUMBIA—Plurilock Security Inc. (TSXV: PLUR) (OTCQB: PLCKF) and related subsidiaries (“Plurilock” or the “Company”), an identity-centric cybersecurity solutions provider for workforces, has undergone a System and Organization Controls (SOC) 2 examination resulting in a CPA’s report stating that management of Plurilock has successfully demonstrated effective controls in safeguarding security customer data.
SOC 2 Type II is a compliance framework that was developed by the American Institute of Certified Public Accountants and covers five trust service principles of data security, which include security, availability, processing integrity, confidentiality, and privacy, of which Plurilock underwent a review of the security trust criteria. SOC 2 Type II provides credibility to companies as a reliable and trusted solutions provider in ensuring customer data is secured. In connection with the SOC 2 Type II assessment, the Company was examined by BARR Advisory, P.A., (“BARR”) a security and compliance firm, from September 1, 2021, to August 31, 2022.
During the assessment period, BARR reviewed security controls related to Plurilock’s systems requirements and service commitments, which include its DEFEND software, infrastructure, people, procedures and data and concluded that the Company has achieved SOC 2 Type II compliance for demonstrating its capabilities in mitigating risks and protecting customer data in accordance with the security trust criteria as noted above.
“We are pleased to have completed the renewal of the SOC 2 Type II Report,” said Ian L. Paterson, CEO of Plurilock. “The safety of our customer data and key resources is a top priority for us and this assessment provides assurance and credibility that our systems are secured. Moving forward, we aim to continue renewing this report as part of our ongoing efforts to become a leading cybersecurity solutions provider.”
About Plurilock
Plurilock provides identity-centric cybersecurity for today’s workforces. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction. Plurilock offers world-class IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division. Together, the Plurilock family of companies delivers persistent identity assurance with unmatched ease of use.
For more information, visit https://www.plurilock.com or contact:
Ian L. Paterson
Chief Executive Officer
ian@plurilock.com
416.800.1566
Roland Sartorius
Chief Financial Officer
roland.sartorius@plurilock.com
Prit Singh Investor Relations
prit.singh@plurilock.com
905.510.7636
Forward-Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) related to future events or Plurilock’s future business, operations, and financial performance and condition. Forward-looking statements normally contain words like “will”, “intend”, “anticipate”, “could”, “should”, “may”, “might”, “expect”, “estimate”, “forecast”, “plan”, “potential”, “project”, “assume”, “contemplate”, “believe”, “shall”, “scheduled”, and similar terms. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Plurilock’s business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, the success of the Company in obtaining new or extended contracts or orders; the Company’s ability to maintain existing customers or develop new customers; the Company’s ability to successfully integrate acquisitions of other businesses and/or companies or to realize on the anticipated benefits thereof; and unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. This list is not exhaustive of the factors that may affect the Company’s forward-looking statements. Many of these factors are beyond the control of Plurilock. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Plurilock undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company’s business are more fully discussed under the heading “Risk Factors” in its most recent Annual Information Form. They are otherwise disclosed in its filings with securities regulatory authorities available on SEDAR at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
