- Plurilock Security (TSXV:PLUR) intends to leverage its stable of cybersecurity products and services to address growing AI threats
- The Vancouver-based cybersecurity firm announced a company-wide focus on addressing the cybersecurity threats represented by AI and generative AI tools
- The generative AI market is seeing historically unprecedented growth, yet the company noted this presents significant risks to the global economy because of data safety issues
- Plurilock Security stock (TSXV:PLUR) opened trading at $0.13 per share
Plurilock Security (TSXV:PLUR) intends to leverage its stable of cybersecurity products and services to address growing AI threats.
The Vancouver-based cybersecurity firm announced a company-wide focus on addressing the cybersecurity threats represented by AI and generative AI tools.
Citing Bloomberg data, the market for generative AI is expected to reach US$1.3 trillion by 2032, with companies expecting performance improvements across the board.
The generative AI market is seeing historically unprecedented growth, yet the company noted that this presents significant risks to the global economy because of data safety issues.
The company explained it is actively consulting with its customers on business AI governance and adoption and providing free governance resources as a public service.
Plurilock’s AI focus could present significant revenue opportunities by helping its customers reduce risk from generative AI tools while gaining the benefits of automation.
To help its customers succeed and thrive in the new AI landscape, Plurilock is positioning itself as a one-stop AI consultancy that assists with AI deployment and sound data management, provides expert planning and guidance for AI adoption strategy, and works with customers to develop internal AI governance for safe use.
Plurilock CEO Ian L. Paterson said in a news release that over the past few weeks, he has had dozens of conversations with senior IT and cybersecurity leaders that are struggling with AI adoption.
“Employee use of generative AI is increasing faster than can be contained. I frequently hear that the use of generative AI is the next smartphone in terms of the speed at which employees are bringing their own devices (BYOD) and using these tools on corporate data and for business purposes,” Paterson said.
He added that the risk to companies by misusing, misappropriating, or not securing their data in conjunction with AI use could be existential.
“At the same time, senior leaders fear lagging behind their competitors who are deploying AI technologies. These leaders are caught between a rock and a hard place – their competitors are using AI, yet they need to maintain data confidentiality – and they’re having to confront all of this while avoiding the ransomware and cyberattacks that are affecting their peers,” Paterson said in the statement.
As a public service, the company has also released a free generative AI governance policy template for corporate employees or policy handbooks.
Plurilock Security Inc. provides identity-centric cybersecurity for today’s workforces. Plurilock offers IT and cybersecurity solutions through its Solutions Division, paired with proprietary, AI-driven and cloud-friendly security through its Technology Division.
Plurilock Security Inc. (PLUR) opened trading at $0.13 per share.
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