VICTORIA, British Columbia, Sept. 7, 2017 /PRNewswire/ -- Spurred by fast-growing demand for its real-time behavioral biometrics authentication technology, Plurilock Security Solutions today announced it has grown its U.S. footprint with two new East Coast locations and additional staff to expand commercial and government market access to its continuous user validation cybersecurity platform.
Driven by two new notable financial services clients and recent contracts with the U.S. Department of Defense's Defense Innovation Unit Experimental (DIUx) and U.S. Army NETCOM, Plurilock has added offices in New York and Baltimore and welcomed a new Director of Sales for the Atlantic Region. The strategic move will provide "boots on the ground" to serve both enterprise and public-sector entities that require a more sophisticated approach to cybersecurity beyond traditional login authentication.
New Funding, Tech Partners Fuel Growth
The expansion is made possible in part by a recent round of angel investment from an international team that includes former Microsoft Bing search architect, founder/CEO of Powerset (acquired by Microsoft) and artificial intelligence expert Barney Pell; fintech-focused Mike Benna, general partner at Stanley Park Ventures; and Colin Harris, a special limited partner with Yaletown Partners.
Plurilock has also inked partnership deals with the Microsoft Azure BizSpark and SAP Startup Focus programs, along with a teaming agreement and technology alliance program agreement with a major Fortune 100 enterprise IT firm. In addition, the company was accepted into the iCyberCenter@bwtech, a program that recruits high-potential international cyber companies into the Maryland economy.
Combat Veteran, Former Financial & Marketing Exec to Lead East Coast Sales
A former U.S. Marine Corps combat engineer who also spent more than 10 years in the financial services business, Neal Conlon has been tapped to lead Plurilock's New York office as Director of Sales for the Atlantic region. In addition to serving tours in both Iraq and Afghanistan, Conlon has held strategic roles at Guggenheim Partners, Cushman & Wakefield, Morgan Stanley and others. He is also a strategic partner for venture capital and private equity with Serval Ventures.
"Given the sophisticated security threats now facing our country, the modern battlefield isn't about bombs and weapons anymore. Instead, we face a war waged daily through collusion, blackmail and insider threats," Conlon said. "I'm thrilled to join the Plurilock team because ours is the only system of its kind that can provide effective defense against these cyberthreats for both private companies and our nation's vital systems and data."
Behavior-based Authentication Disrupts $1B Market
Plurilock's behavior-based platform is disrupting the $1 billion authentication industry with a real-time artificial intelligence solution that discriminates between authorized users and intruders by the way they behave on a workplace computer. By analyzing the unique behavioral patterns of authorized users and blocking access when unrecognized behavior occurs, Plurilock protects corporate and government endpoints and networks against insider threats and stolen or falsified credentials.
Where typical multifactor and CAC-based authentication provide only a single-point-in-time identity validation, Plurilock's proof-of-presence software continuously authenticates users. Once installed, the software takes about 20 minutes to learn users' keystroke style and speed, mouse use and other behaviors on laptops, desktops and servers to build a profile. Plurilock can then continuously validate that the current user is the authorized user, giving corporations and governments complete visibility into who, when and where users are on the network at all times.
Frictionless Experience, Rapid Response Ensures Efficiency
Running entirely in the background, Plurilock's software requires no direct user interaction, allowing authorized individuals to go about their daily work frictionless and efficiently. If unusual behavior occurs, the software detects the anomaly immediately, prompting the user for manual authentication and alerting security staff instantly. This cuts the average breach detection time dramatically, from more than six months to less than 30 seconds.
"Our latest market traction confirms that traditional point-in-time authentication is insufficient to meet today's sophisticated cybersecurity and compliance needs, and it validates that our disruptive AI-based continuous validation is a clear improvement," said Plurilock CEO Ian Paterson. "Our approach provides a much more robust security posture for both companies and government agencies that significantly mitigates risk and bolsters regulatory compliance."
To learn more about Plurilock's exclusive behavioral biometrics software for corporate and government cybersecurity, visit www.plurilock.com.
Plurilock delivers preventative, instantaneous, and continuous solutions for workplace authentication and regulatory compliance. Its software strengthens workplace cybersecurity using sophisticated behavioral biometrics to identify authorized users and neutralize insider threats. For more information, visit: www.plurilock.com
SOURCE Plurilock Security Solutions