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Plurilock (TSXV:PLUR) secures US$120,000 order from California county government entity

Technology
TSXV:PLUR
23 June 2021 08:45 (EDT)

Plurilock Security (PLUR)  has received a purchase order worth US$120,000 from a county government in California.

The company will provide cybersecurity software and maintenance support per the purchase order.

Government entities at all levels have seen an increase in cybercrime, impacting networks and critical infrastructure. Since 2017, cyber-attacks against state and local governments have risen an average of almost 50 per cent. This has proven costly for them, with recent data showing that ransomware attacks cost local and state governments over $18 billion in 2020.

Along with increased pressure due to the surge in attacks, state and local governments often face the challenge of limited resources and extended procurement timelines, underscoring the importance of the vendors they select for cybersecurity products.

This order demonstrates Plurilock’s efforts to expand and serve organizations within the government vertical at the local, state, and federal levels.

Plurilock is a cybersecurity company offering world-class cybersecurity solutions paired with AI-driven, cloud-friendly security technologies. The Plurilock family of companies enables organizations to operate safely and securely while reducing cybersecurity friction.

Plurilock Security Inc. (PLUR) opened trading at C$0.455 per share.

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