“It’s very easy and common to use the same password, or maybe you have a small list of passwords. But this is exactly what the bad guys prey upon,” Ian L. Paterson, CEO of Plurilock Security, said from Victoria.
“Whenever a password gets breached from a hack or a data breach, it’s very common for the bad guys to use bots to test that password and see where else that password can be used.”
Ian L. Paterson, a cybersecurity expert, told CBC News that although he thinks the risk in this situation is low, it’s still present.
“The challenge with any data breach is how that data can be used by bad guys,” said Paterson, who’s CEO of Plurilock Security.
Hackers claim they went after Canada’s gas infrastructure. Can renewables withstand the same cyberattacks?
There are many bad actors out there who would like to do harm, with varying motivations, said Ian L. Paterson, CEO of Plurilock, a Canadian cybersecurity company. Criminal organizations are often looking to make a buck by eliciting ransom payments from companies and organizations (as was the case with the 2021 Colonial Pipeline attack) or stealing data.
Ian L. Paterson, chief executive of the Vancouver-based cybersecurity company Plurilock, agreed that Clop is interested in the biggest payout possible, with minimal risk of getting caught. But like Abrams and Callow, he said it’s best to be suspicious about claims the data was erased.
Plurilock Security announces non-brokered private placement as company ramps up acquisition pipeline
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has has commenced a non-brokered private placement for total gross proceeds of up to 2,500,000 million dollars. Paterson shares with Proactive more about the private placement and how this move will help accelerate the company’s plans for revenue growth by acquisition. Paterson says the company will be very active with an eye on enhancing overall margins and driving towards profitability.
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has beefed up its portfolio by acquiring Atrion Communications. Paterson telling Proactive Atrion is a provider of consulting, professional services and technology solutions based in New Jersey. The company reported March 31, 2022 earning of 14.0 million U.S. in revenue with a gross profit of 3.3 million U.S. Paterson says this will give the company a strong presence on the East Coast as they continue their aggressive M&A strategy.
Plurilock Security subsidiary Integra Networks score major contract with Canadian Defence Department
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company’s subsidiary, Integra Networks has announced a purchase order from the Defence Research and Development Canada which is an operating agency of the Department of National Defense.
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has now completed the acquisition of certain assets of CloudCodes Software. That company is a security broker based in India. Paterson telling Proactive CloudCodes has been a leading provider of cloud security SaaS enterprise solutions for protecting email and group collaboration. This also gives Plurilock access to new products to offer to its customers.
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has announce the closing of its latest acquisition, Atrion Communications. Paterson telling Proactive this is the 4th acquisition for the company and with that in place, the company increase its annualized revenue run-rate to approximately 50 million dollars and expanded the client base to 600 and now boasts 80 staff members across North America and India. Paterson also shared more news with Proactive that the company has added security industry veteran Patrick Gorman to the advisory board.
Plurilock Security Q3 and 9 month financial numbers showing a 96% increase in year over year revenue
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has released positive financial numbers for the third quarter and full 9 months of 2022. Paterson telling Proactive the 3rd quarter saw total revenue of 46.8 million dollars for the nine-month period of 2022, a 96% increase year over year. That is a record number for the company.
Plurilock Security Inc. (TSX-V:PLUR) CEO Ian L. Paterson joined Steve Darling from Proactive to share news the company has released its first-quarter financial numbers and the strategic acquisitions of Integra and Atrion appear to be paying off, with a doubling of revenue year over year to 15.8 million dollars. Gross margins have also increased to 13.6% in 1Q 2023 from 6.6% in Q1 2022. The company also saw 16 sale orders and contract renewals. Plurilock remains open to potential acquisitions, taking advantage of market opportunities.
Moreover, Plurilock will collaborate with customers to develop internal AI governance frameworks to ensure the safe and responsible use of AI within their organizations. As a public service initiative, Plurilock has made available a free and highly detailed generative AI governance policy template.
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to announce the unveiling of their new product, PromptGuard. Currently in beta, PromptGuard is an AI safety SaaS (Software-as-a-Service) platform designed for business and government customers. It will be offered as part of the Plurilock AI platform, showcasing the company’s commitment to generative AI safety. Paterson explained to Proactive that PromptGuard was developed utilizing Plurilock’s new CASB (Cloud Access Security Broker) technology for AI.
Plurilock Security CEO Ian L. Paterson joined Steve Darling from Proactive to talk about his plan for 2023 as the company look to continue driving growth including cross selling on a number of its products. Paterson illustrates that with a new contract the company has signed for its flagship product Plurilock with a U.S. credit union.
Right now, Plurilock is focused on enterprise networks and by focused, I mean they are actively bringing on contract after contract of high-level corporate and government clients. Since the beginning of 2023, the company has announced seven new purchase orders, including one for the U.S. Department of Defense, and seven contract renewals/expansions with existing customers.
Plurilock received a $3.4 million order from the Canadian Department of National Defence. These governmental contracts are tough to land, and once a company has their foot in the door with an initial contract, it usually means the doors (or government coffers!) are open for continued business! The market responded with a stock daily gain of over 9% on March 23rd 2023. Right at an important technical zone but more on that below.
Plurilock Security (PLUR.V) has developed a leading-edge bio-metric platform that not only protects at login, but is able to actively monitor activities throughout a network session and defend where necessary without the need of passwords. With 600+ corporate and government clients, Plurilock has proven their worth as the next generation of cybersecurity.
Now, the company’s efforts are paying off with continually growing base of high-profile enterprise and government clients. Equity Guru founder, Chris Parry, explains the company, its on-going business, future prospects and why investors need to take a serious look at Plurilock.
Plurilock Security (PLUR.V) is a Canadian company focused on cybersecurity solutions that adeptly protect the network at log in and continuously during a network session to ensure that not only did the right person log on, but remains to be the right person throughout the session. All without the use of passwords! Plurilock has gone from great idea to sustainable revenue, and is adding high-profile enterprise and government clients every week.
In this episode of Investor Roundtable, we brought Prit Singh, VP of Investor Relations for Plurilock on as a guest to give us the lowdown on the company, its offerings and why investors should be giving the company serious consideration.
Equity Guru founder, Chris Parry, leans in and lays out the company and its innovative cybersecurity platform, how Plurilock went from great idea to a sustained commercial operation in, and why investors should be seriously considering Plurilock as a candidate for their investment portfolio.
Plurilock kicked off 2023 strong with news of a purchase order for the company’s flagship cybersecurity platform from a US Credit Union. The Credit Union is selecting Plurilock for its cybersecurity solution as part of its zero trust strategy. The customer will license the continuous identity confirmation functionality of the Plurilock platform.
The first cross-sale following the transaction with Atrion Communications was completed within 5 months whereas the previous initial cross-sale orders were secured approximately 13 and 8 months after the acquisition of Aurora Systems Consulting, Inc. and Integra Networks Corporation.
The company is making browser-based ADAPT administration access available to ADAPT customers this spring. It will give administrative access to detailed authentication logs, including contextual evaluations and biometric data, as well as user and enrolment statuses and management and other administrative workflows.
Chris Parry’s A.I. Round-Up: Tesla FSD lags, VPN Tech stock weirdness, Alpha Metaverse wants AI rub, Plurilock deserves respect
When you sign to your online accounts through a passworded login system, even a two-factor system, the problem with that process is you are, from that point forward, trusted to be who you say you are. But if you nip out for lunch or put your phone down somewhere or someone swipes your laptop at the cafe, the system has no way of knowing that the person on your keyboard isn’t you anymore. This is a BIG deal, especially at high value hacking targets like Fortune 500 companies, banks, brokerages, intelligence services, military, health records, etc etc.
Patterson has taken a single piece of tech IP in the infosec arena and acquired complimentary pieces that allow him to sell an entire suite of tools to potential clients, and those acquisitions have come with existing customers, and reach deep into government, military, and intelligence sectors in ways that would’ve taken years to achieve organically.
For all the good AI can do, it’s currently forbidden at many companies because data put into the AI system can then be used by the AI, or the company that owns it, as data to be learned from or acted upon. Sensitive data, such as medical info, can’t be used in such an environment.
But don’t fret, because our friends at Plurilock are not just standing around watching this chaos unfold. They’re strapping on their armor, diving headfirst into the fray, and wielding their expertise like a mighty sword, slashing through the darkness. They’re not only advising their customers on the ins and outs of AI governance and deployment, but also shoving free resources into their hands. And as part of this wild ride, they’ve found the golden ticket – a revenue jackpot by helping clients dodge the bullets emerging from generative AI tools.
Cybersecurity in Today’s Digital Landscape: Can Plurilock Security Become the Microsoft of AI Safety?
Cybersecurity threats have also arisen from threat actors manipulating ChatGPT and similar AI technologies to generate malicious code, bypassing the built-in safety checks. In a more direct assault, OpenAI confirmed a data breach in ChatGPT caused by a vulnerability in its open-source library, leading to visibility into users’ chat histories and even payment information for some.
In this rapidly evolving landscape of cybersecurity threats, companies like Plurilock Security are leading the charge in providing innovative solutions. Plurilock’s Prompt Guard is a unique tool that can be instrumental in mitigating the risks associated with AI-based systems like ChatGPT.
Top Fastest Growing Companies to Watch 2023—Plurilock: Empowering Cybersecurity and Technology Solutions Globally
As a publicly traded company, Plurilock has a well-developed and well-articulated strategic vision for future growth. We have executed aggressively on a well- considered acquisition strategy and expect to continue to execute on it going forward. We expect this growth to act as a force multiplier to enable future growth in core technology sales, revenue, and EBIDTA.
Cloud and distributed computing, remote or mobile work, and the emergence of generative AI, taken together, are what make this a moment of profound risk. Workers in both government and the private sector now rely every day on dozens of cloud apps, each ripe for account theft, each with its own vulnerabilities. Data is distributed in such a way as to make it impossible to protect it with old “cybersecurity perimeter” strategies, and many of the nuggets of data we work with on our devices are near a “share” button that makes it troublingly easy for data, including the most confidential and sensitive data, to wander around the world without due care.
Parry highlights that Plurilock’s patented technology offers a step up from traditional computer security measures like passwords and logins. The company’s software monitors users’ activities, keystrokes, and patterns in real-time, making it difficult for unauthorized users to access systems. The Canadian Department of Defense, cloud-based real estate and hotel platforms, and large banks and government institutions have all chosen Plurilock for their security needs.
The AI-driven cybersecurity company has been steadily growing and making money. Parry emphasized that Plurilock is a significant player in the computer security industry, which he believes is poised for explosive growth due to the increasing use of AI.
Plurilock’s commitment to cybersecurity and its focus on safe and responsible AI usage demonstrates the company’s dedication to protecting organizations from potential risks and ensuring the long-term sustainability of the generative AI market. With their expertise in cybersecurity and AI governance, Plurilock aims to empower organizations to embrace AI technologies while maintaining data safety and compliance.
In an era where customers and their employees require reliable, frictionless access to tools, applications, and services, IGEL Ready helps ensure product compatibility and productivity to support business continuity and growth. Plurilock’s flagship product DEFEND™ has been validated by the program and is now integrated with the IGEL OS platform, providing easier accessibility to companies that utilize IGEL solutions to adopt this advanced technology offering.
“We are excited to be working with our first Canadian government customer,” said Ian L. Paterson, CEO of Plurilock. “As a Canadian company,
Implementing a cloud access security broker or similar access-control solution is an effective step a small business can take to improve its security posture.
Canada-based Plurilock saw its revenue skyrocket in 2021 from hardware sales related to the acquisition of Aurora Systems Consulting (ASC), as it previewed a strategy for 2022 focused on more acquisitions.
Garr Stephenson Jr is coming in with his over 20 years of sales leadership experience to his new role as Plurilock chief revenue officer, the company has announced.
A non-provisional patent application has been filed with the U.S. Patent and Trademark Office (USPTO) for a ‘Multi-device user identity validation based on behavioral signal fidelity,’ which is intended for work environments where multiple devices need to be secured, such as a laptop and a mobile device, Plurilock says.
Zengerle most recently served as Vice President of Operations at QOMPLX, where he prepared the organization to complete its public listing and managed the acquisition and integration of two other companies.
Plurilock is rapidly growing and will benefit from his guidance as we continue outreach to enterprises about our cutting-edge zero trust and continuous authentication solutions.
These orders are a part of the SEWP V program and align with Plurilock’s stated goal of expanding within the government and defense verticals.
Integra is a leading provider of enterprise-level technology solutions, with a large Canadian government client network
Looking at Plurilock’s latest moves, McLeish said the company continues to actively pursue strategic acquisitions with an active M&A pipeline and that the company’s balance sheet remains strong
“Foundationally, Integra checked a number of boxes we were looking for in an accretive acquisition,” explained Plurilock CEO Ian L. Paterson.
“With more than 1,200 cyber attacks reported in 20211, it is more critical than ever for cybersecurity leaders to speak widely about the growing cyber threat and how cutting-edge, self-healing technologies can play a role in securing enterprise networks,” said Ian L. Paterson, CEO of Plurilock
Plurilock has announced the general availability of its Spring 2022 product release, which upgrades the company’s behavioral biometrics-powered continuous authentication solution Defend and the multi-factor authentication (MFA) solution Adapt.
These prestigious global awards recognize cybersecurity and information technology companies with advanced, ground-breaking products, solutions, and services. More than 55 judges from around the world participated in selecting this year’s winning companies.
AI can generate photorealistic faces and mass-personalize phishing campaigns, minimizing threat actors’ efforts while increasing the potential volume of their attacks.
The order is part of the National Aeronautics and Space Administration’s Solution for Enterprise-Wide Procurement program, a U.S. Government-Wide Acquisition Contract Vehicle.
By integrating both solutions, Plurilock intends to assist companies in analyzing users’ behavioral biometrics profiles in order to spot individuals that may have potentially been involved in an insider threat attack.
As part of the NASA’s Solution for Enterprise-Wide Procurement program, a U.S. Government-Wide Acquisition Contract Vehicle.
“Threat actors have caught on to using artificial intelligence to attack companies—it’s no longer being used only by the defenders.”