19:05:48 EDT Thu 31 Oct 2024
Enter Symbol
or Name
USA
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Plurilock Security Inc
Symbol PLUR
Shares Issued 102,000,000
Close 2023-11-14 C$ 0.07
Market Cap C$ 7,140,000
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Plurilock AI added to Works with YubiKey catalogue

2023-11-14 14:34 ET - News Release

Mr. Ian Paterson reports

PLURILOCK ANNOUNCES ADDITION OF PLURILOCK AI TO WORKS WITH YUBIKEY CATALOG

Plurilock Security Inc. has been added to the Works With YubiKey catalogue offered by YubiKey maker Yubico.

YubiKey is an industry-leading hard token solution for two-factor authentication, enabling log-ins and other authentication steps to occur securely without requiring users to provide codes or one-time passwords. The Works with YubiKey catalogue, maintained by Yubico, lists products and services that the provider has certified to interoperate seamlessly with YubiKey solutions.

The class-leading Plurilock AI (artificial intelligence) platform, encompassing single sign-on (SSO), cloud access security broker (CASB), data loss prevention (DLP) and AI safety products, can use YubiKey devices as a second identity factor, enabling Plurilock AI customers to complete log-ins and authentication steps using YubiKey devices, delivering two-factor authentication without additional user steps.

The addition of Plurilock AI to the Works With YubiKey catalogue will provide existing and prospective YubiKey customers with assurance of Plurilock AI's compatibility with YubiKey, and will enable YubiKey-based organizations to consider Plurilock AI when evaluating SSO, CASB and DLP solutions. Existing YubiKey users seeking to meet compliance requirements and security needs in one simple platform are encouraged to contact Plurilock and learn more about Plurilock AI.

"YubiKey is a powerful solution for strong, hardware-based authentication that doesn't rely on mobile phone devices," said Ian L. Paterson, chief executive officer of Plurilock. "Plurilock AI similarly offers AI-driven security solutions designed for minimal complexity and maximum effectiveness. We're excited to enable companies to combine these two solutions together by bringing Plurilock AI to the Works With YubiKey catalogue."

Plurilock launches direct SaaS (software-as-a-service) sales via website

The company also announced that it has made the two most popular configurations of its flagship product, Plurilock AI, available for sale directly to customers via its website.

The website-based purchase experience will enable small- to medium-sized businesses unfamiliar with enterprise sales cycles to purchase Plurilock products easily, in the same way that they purchase other SaaS subscriptions, via a website shopping cart.

The two configurations currently available for purchase this way are Plurilock AI Cloud, which provides passwordless single sign-on and access control for work forces, and Plurilock AI DLP, which provides these features plus data loss prevention for work forces to secure sensitive data.

Changes to the board of directors

The company further announced that former vice-admiral Mike McConnell will resign as a director of the company, effective Nov. 15, 2023, to pursue retirement. Mr. McConnell was the longest-serving independent director of Plurilock, having joined the company in 2017, and was instrumental in providing guidance to the company in advancing its strategy. He will continue to lead the company's advisory council.

"I am delighted to have worked with the Plurilock team for over seven years," said Mr. McConnell. "The demand for cybersecurity products will continue to grow, and I believe that Plurilock is well positioned to scale rapidly and capitalize on this significant market opportunity due to its strong leadership team, advanced technology offerings and robust business model."

About Yubico

Yubico, the inventor of the YubiKey, offers the gold standard for phishing-resistant multifactor authentication (MFA), stopping account takeovers in their tracks and making secure log-in easy and available for everyone. Since the company was founded in 2007, it has been a leader in setting global standards for secure access to computers, mobile devices, servers, browsers and Internet accounts. Yubico is a creator and core contributor to the Fido2, WebAuthn and Fido Universal 2nd Factor (U2F) open authentication standards, and is a pioneer in delivering modern, hardware-based passkey authentication security at scale to customers in over 160 countries.

About Plurilock Security Inc.

Plurilock secures work forces in the age of AI through its Plurilock AI platform, delivering advanced identity, data safety and guard rails to safely implement AI solutions to commercial and government customers worldwide. With patented artificial intelligence and patented real-time identity confirmation technology, Plurilock AI enables zero-trust architecture and identity threat detection and response capabilities for regulated organizations with remote work forces. Through its solutions division, Plurilock aggregates world-class IT services and brings a comprehensive line of products that enable teams across North America and the globe to compute safely in a remote work world.

We seek Safe Harbor.

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