“Security operations center (SOC) analysts are frequently the most junior cybersecurity employees, and arming them with the tools to identify relevant, high-fidelity signals of account compromise can save them time and be key in quickly identifying breaches,” said Ian L. Paterson, CEO of Plurilock.
What is DEFEND?
DEFEND is Plurilock’s continuous authentication product, which offers real-time identity confirmation and full-session detection. Using patented behavioral biometrics, DEFEND is able to recognize users based off of their mouse movement and keystroke cadence. If any movements seem out of place, DEFEND will log these events as medium risk, however, if a configurable risk threshold is reached, DEFEND will notify security staff and log illicit activity.
Plurilock’s innovative product is able to achieve all this while being completely invisible to users. By running in the background, DEFEND is able to augment existing multi-factor authentication (MFA) and single sign-on (SSO) solutions while enhancing security awareness and reducing friction. On April 27, 2021, Plurilock filed a provisional patent application for DEFEND with the US Patent and Trademark Office.
Splunk is recognized for providing businesses with data, analytics, automation and end-to-end integrations via a variety of services. This includes the company’s cloud-based, security incident and event management (SIEM) platform. Plurilock’s latest application will allow users of Splunk’s SIEM platform to leverage DEFEND as an identity and risk signal in their existing SIEM environment.
In other words, DEFEND will fortify Splunk’s SIEM risk management tool by integrating continuous authentication capabilities. In doing so, DEFEND will be able to continuously enrich and contextualize other SIEM data with real-time identity information, making it more accurate and actionable for organizations when events occur.
“Plurilock’s new Splunk app enriches SIEM data to reduce alert load, increase visibility, and augment detection, response, and forensic tasks in powerful new ways. This platform integration aligns with our stated strategy of making it easier for our customers to use Plurilock products, which is a key corporate milestone we highlighted at the end of 2020,” continued Mr. Paterson.
Plurilock is positioned nicely in the cybersecurity market, one of the fastest growing markets in the world. As the number of cyber-attacks increases worldwide and additional business move to online, cybersecurity has become paramount in numerous industries. The cybersecurity market was valued at approximately USD$162.5 billion in 2020 and is expected to reach $418.3 billion by 2028, registering at an impressive CAGR of 12.5%. Having secured multiple contracts and purchase orders in the US, Plurilock shows promise as a small cap cybersecurity investment and may be worth keeping an eye on.
Plurilock’s share price opened at $0.46, down from a previous close of $0.47. The Company’s shares are currently trading at $0.445 as of 10:40AM ET.
Full Disclosure: Plurilock is a marketing client of Equity Guru.