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This patent is intended to expand on Plurilock’s zero trust technology portfolio, strengthening its competitive moat
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New innovations, paired with Plurilock’s continuous authentication technology provide advanced data for use in combatting insider threats
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 submitted a non-provisional patent application with the United States Patent and Trademark Office (USPTO) for an innovative forensic attribution technology enhancement.
The patent application, titled “Forensics Analysis for Malicious Insider Attack Attribution based on Activity Monitoring and Behavioral Biometrics Profiling”, documents the Company’s forensic attribution technology, which when paired with its continuous authentication solution Plurilock DEFENDTM, assists organizations in assessing user data and narrowing down individuals that could have been involved in an insider threat attack, based on their behavioral biometrics profile.
The innovation, developed within the Company’s Technology Division, was created with the goal of providing detailed data that a company’s security analyst team could use to clearly identify and mitigate these threats. During an insider attack, an individual within the organization performs a malicious activity for personal or financial gain that can pose a significant threat to the company. According to Bitglass, 61% of companies experienced an insider attack in 2020.1
This filing is a follow-up on a provisional patent filed in March 2021 for the technology, as previously announced on April 27, 2021. This documentation will undergo an assessment by the USPTO before the final patent is granted.
“Insider threat is becoming a growing concern for enterprises and existing software and tools often provide little to no information on the execution mode of the attack or the attackers’ identity,” said Ian L. Paterson, CEO of PlurilockTM. “This patent is intended to be part of Plurilock’s ongoing strategy to strengthen its competitive moat and pairs this new technology with our existing cutting-edge continuous authentication solutions to provide insider threat insights in a way no other product in the market can.”
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
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
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