Plurilock Security Inc (PLUR.V) is a Canadian identity-centric cybersecurity solutions company. The cybersecurity company provides multi-factor authentication (MFA) solutions using behavioral-biometric, environmental, and contextual technologies.

Following yesterday’s news that the Company is implementing a strategic focus to address the growing AI cybersecurity threats by leveraging its stable of industry-leading cybersecurity products and services, today, Plurilock announced it has filed a provisional patent application with the United States Patent and Trademark Office (USPTO) for an omnibus system of AI-driven cloud access security broker (CASB) technology features that protect against the inadvertent or intentional release of sensitive data while generative AI is being used.

There is a growing adoption of AI globally, yet businesses lack the framework, policies, and expertise to ensure their workforce uses generative AI tools safely and prevent sensible data from being leaked. Because of this AI trend, Plurilock filed this patent application in accordance with its strategy of enabling enterprises to gain the benefit from AI tools while maintaining the security of private data.

The application covers a comprehensive omnibus CASB system that automatically anonymizes or redacts confidential information in AI interactions in such a way that:

• The AI platform does not receive any confidential information provided by the user
• The AI user need not be aware of any anonymization or redaction having occurred

Users of the technology will be able to productively leverage the gains provided by generative AI systems while protecting any sensitive data from being leaked. Plurilock intends to develop the technology into an enterprise solution that provides a way for businesses and other organizations to manage and govern the data revealed to AI platforms, without having to block AI either access in general or certain kinds of AI prompts in particular.

“As generative AI tools explode in popularity, the leaking of sensitive data into AI systems has become a top concern among the business and government leaders we speak to,” said Ian L. Paterson. CEO of Plurilock. “As a cybersecurity company, providing AI safety solutions is a key mission for us. Our development of this new CASB-for-AI technology addresses a potentially catastrophic problem that we know many organizations are urgently facing today.”

At time of writing, the stock is flat for the day and the Company sits at a market cap of CAD$ 12.33 million.

The stock continues to battle and range at the support zone of $0.13-$0.135. We know there are buyers here as can be seen from the long wick candles and full bodied green candles. A breakout is required for further momentum. The stock is also being constrained below the downtrend line. A daily candle close above this trendline would be a significant technical breakout and lead to a move to test resistance at $0.175. To the downside, the $0.12 zone remains major support. A break and close below would see the stock hit new all time record lows.