Plurilock - CEO, Ian Paterson.
CEO, Ian Paterson.
Source: Plurilock.
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  • Plurilock Security Inc. (PLUR) is stepping up in response to U.S. President Biden’s executive order to strengthen the country’s cybersecurity defenses
  • As a leading cybersecurity solutions provider, the Plurilock product suite is directly relevant to the matters of concern
  • The company has worked with the U.S. government in the past on military projects, including recent contracts with the Navy and Department of Defense
  • Plurilock is an identity-centric cybersecurity solution provider for workforces
  • Plurilock Security Inc. (PLUR) is steady, trading at $0.51 per share

Plurilock Security Inc. (PLUR) is stepping up in response to U.S. President Biden’s executive order to strengthen the country’s cybersecurity defenses.

The executive order was created to help U.S. federal government organizations enhance their cybersecurity by implementing zero-trust architecture and the deploying multi-factor authentication.

In recent months, cyberattacks targeting private enterprises and government agencies in the United States have increased at an alarming rate. Most notably, Colonial Pipeline, one of the largest U.S. pipeline operators for refined oil, had to cease operations due to a ransomware attack that disabled delivery systems of gas to many U.S. states.

Prior to the announcement of the executive order, President Biden released a fiscal 2022 budget blueprint for which he intends to allocate US$2.1 billion for the country’s federal cybersecurity agency.

Ian L. Paterson, CEO of Plurilock, commented on the executive order.

“Following the latest sophisticated cyberattacks on U.S. private companies and federal government networks, the executive order is an important step for the U.S. Federal Government to take a more aggressive approach in preventing data breaches,” he said.

A recent fact sheet published by the White House stated, “Cybersecurity is one of the preeminent challenges of our time, which is why President Biden has made strengthening U.S. cybersecurity capabilities a top priority and has already taken action to advance it, including with last week’s executive order.”

As a leading cybersecurity solutions provider, the Plurilock product suite is directly relevant to the matters of concern.

“Plurilock’s team is focused on securing new contracts,” said Mr. Paterson, “and government organizations are a key vertical in our strategy. The distribution channels from our recent acquisition of Aurora position us well to deliver solutions to government customers, and grow our client base within the public sector.”

Plurilock is an identity-centric cybersecurity solution provider for workforces. The company has worked with the U.S. government in the past on military defense projects.

Plurilock Security Inc. (PLUR) is steady, trading at $0.51 per share as of 10:04 am ET.

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