- Plurilock Security (PLUR) has secured a contract renewal with a leading U.S. financial services firm
- The financial services firm previously signed an annual recurring US$42,000 contract for DEFEND last year
- Contracts and orders signed by Plurilock since April 2021 represent a combined total of US$10.23 million in sales
- Plurilock is an innovative, identity-centric cybersecurity company
- Plurilock Security Inc. (PLUR) opened trading at C$0.61 per share
Plurilock Security (PLUR) has secured a contract renewal with a leading U.S. financial services firm for its DEFEND product.
The financial services firm previously signed an annual recurring US$42,000 contract for DEFEND last year, as reported on September 29, 2020. All contracts and orders signed by Plurilock since April 2021, including the latest contract renewal, represent a combined total of US$10.23 million in sales.
Plurilock’s proprietary DEFEND solution uses micro-patterns, based on a user’s keyboard and mouse movements, to create a unique behavioural biometric user signature that continuously authenticates identity throughout the workday.
Plurilock’s technology provides an authentication solution with strong identity confirmation capability.
The need for innovative cybersecurity solutions for financial services organizations is strong, with a report detailing that financial services firms are 300 times more likely than other companies to be targeted by a cyber attack.
Ian L. Paterson, CEO of Plurilock commented on the purchase order.
“Plurilock continues to hit milestones with our high margin products in the financial sector. With the recent announcement of a purchase order with a leading overseas financial institution earlier this month, investors and potential customers of Plurilock continue to see traction in the execution of our business plan and validation of the efficacy of our software products in the cybersecurity space. We are looking forward to accelerating this trend in the weeks and months to come.”
Plurilock is an innovative, identity-centric cybersecurity company that provides identity-centric cybersecurity for today’s workforces.
Plurilock Security Inc. (PLUR) opened trading at C$0.61 per share.