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Plurilock Security Inc
Symbol PLUR
Shares Issued 43,884,471
Close 2021-01-07 C$ 0.40
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Plurilock renews contract with U.S. regional bank

2021-01-08 09:08 ET - News Release

Mr. Ian Paterson reports

PLURILOCK SECURES CONTRACT RENEWAL WITH U.S. REGIONAL BANK

Plurilock Security Inc. has renewed its contract with a regional bank based in the Northeastern region of the United States.

Upon renewal of the contract, Plurilock will continue to grant access to the regional bank to utilize Plurilock's core multifactor authentication solutions. MFA is an authentication method that requires at least two forms of identity proof to confirm the identity of a digital user. Plurilock's unique behavioural biometrics is an easier form of authentication compared with traditional token-based workflows, better protecting employees and staff from data breaches, which have increased significantly within the financial sector in recent months.

"The renewal of this contract clearly highlights the importance of our MFA products in protecting financial services firms from cyberattacks," said Ian L. Paterson, chief executive officer of Plurilock Security. "Our multifactor and continuous authentication solutions provide companies a leading edge in countering cybersecurity breaches while ensuring the frictionless workflow of their employees and staff, which is crucial for our clients in maintaining high productivity while coping with the alarming rate of cyberattacks that target the financial sector."

About Plurilock Securities Inc.

Plurilock is an innovative, identity-centric cybersecurity company that reduces or eliminates the need for passwords, extra authentication steps and cumbersome authentication devices. Plurilock's software leverages state-of-the-art behavioural-biometric, environmental, and contextual technologies to provide invisible, adaptive, and risk-based authentication solutions with the lowest possible cost and complexity. Plurilock enables organizations to compute safely and with peace of mind.

We seek Safe Harbor.

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