Plurilock Cyber Security Revenues Hit $24M For First 9 Months. Latest Acquisition Adds More Revenues & Big Goverment Clients To Existing US Department Of Defense, Army & Navy.

The global cybersecurity market size is forecast to grow to $345.4 billion by 2026 for obvious reasons … we’re all online and so are the bad guys.

Until now most people think of firewalls, passwords, biometrics (fingerprints & facial scans) and two-factor authentication when it comes to cybersecurity.  And those are the dominant solutions today, the bad guys are winning the war right now when you consider the following:

Cybercrime is expected to cost the world $6 trillion in 2021. By 2025, this figure will climb to $10.5 trillion  Packet Labs

Plurilock brings an entirely different and exciting approach to cybersecurity - authenticating a person’s identity using behavioral biometrics.

Behavioral biometric data  … the way you move your keyboard and mouse … creates an identity signature that is completely unique to you, like a digital key.

UNDERSTANDING PLURILOCK TECH USING A LAYMAN HOME BURGLAR ANALOGY

What does that mean?  Let’s use the analogy of home security as a layman’s example:

1.  Most home security systems monitor doors and windows for breaches. (firewalls, etc.)

2.  But if burglars get through (breach the perimeter security) they could walk through the home unimpeded (stealing critical data).

3.  That’s because the home motion detection system has no way of knowing if the owner disarmed the security, or burglars circumvented it and are walking around.

4.  Enter Plurilock whose technology doesn’t blindly monitor motion, it monitors behavior.  Plurilock machine learning would already know how the owners and the occupants walk around the home - and would proceed to lock down every interior door once the burglars behavior didn’t match the occupants.

Applying this to an actual but basic tech example of a keyboard.  Plurilock machine learning technology knows how you type on your keyboard and move your mouse.  So if someone was able to physically get onto your laptop, Plurilock would recognize it in seconds and shut the intruder out.   

Behavioral biometrics + Machine learning = Continuous authentication.

Highlights

● Q3 Revenues $15.2M vs $170,000 vs ~ $9M sequentially

● 9M Revenues $23.9M vs $350,000

● Q3 New Orders - $US 8.36 million new orders and contracts which included

● US $1.7 million and US $1.9 million orders with the U.S. Department of Defense

● US $1.08 million with the U.S. Air Force as part of the National Aeronautics and Space Administration (“NASA”)’s Solution for Enterprise-Wide Procurement (“SEWP”) program, a United States Government-Wide Acquisition Contract Vehicle (“GWAC”).

● US$239,000 Purchase Order from U.S. Department of the Navy

● US$304,000 Purchase Order from California State Utility Organization

● Plurilock Wins Gold Globee(R) Cybersecurity Award for DEFEND Zero Trust Identity Solution

Today, the company announced the Acquisition of Integra Networks Corporation.

What did Nagwa Koressa, President of Integra have to say?

"We are excited to become a part of the Plurilock family of companies. Plurilock's approach to customer success is the perfect fit for Integra's service-focused model. This acquisition brings with it a tremendous number of benefits to our loyal team and our customers, including the opportunity to become a part of an award-winning global cybersecurity company that is developing cutting-edge zero trust identity technology."

Now, sit back relax and watch this powerful interview.