Plurilock (PLUR.V) announces generative AI safety white paper

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

The company has been putting out many AI headlines in recent days. On July 17th 2023, Plurilock announced a strategic company wide focus to address the growing AI cybersecurity threats leveraging its stable of industry-leading cybersecurity products and services.

Plurilock is focusing on generative AI, uses of this type of AI includes:

Finance departments can use AI to rapidly produce financial reports, forecasts, and statements from raw data
Human resources departments can use AI to rapidly generate performance reports, summarize personnel files, write termination letters and reprimands from raw data
Engineering departments can use AI to rapidly write complex code, debug existing code, or develop integrations from raw data
Physicians and other practitioners can use AI to rapidly propose differential diagnoses from complex case files provided as raw data

The risk? This kind of raw data that enables the AI to work is often confidential and sensitive. This represents an immense flood of sensitive data leakage every day and an economy-wide data safety problem that spans the globe.

And Plurilock is helping businesses and organizations to roll out and govern generative AI use without compromising compliance, security, or productivity with their PromptGuard product.

Today, Plurilock announced the availability of a new white paper focused on generative AI safety, titled, “Establishing Guardrails for AI.” It can be downloaded here: https://plurilock.com/ai-whitepaper/.

The white paper provides detailed impact data and practical guidelines to enable businesses and regulated organizations to support the use of generative AI tools in the workplace-without compromising their cybersecurity and productivity. The white paper covers essential governance, security, and technology points for safe generative AI use, including:

The concrete risks associated with the organizational use of generative AI
Key corporate stakeholders and stakeholder input to involve in AI strategies
A framework for establishing generative AI policy and governance
A framework for identifying, deploying, and configuring AI access controls
Actionable insights about technology selection and tactics in AI and AI policy rollout

The white paper also provides a concise AI guardrails checklist to enable organizations to assess their generative AI governance, security, technology, and overall rollout strategy rapidly.

“Generative AI safety is an urgent concern for many organizations, as the speed at which ChatGPT and Bard have come to market has left many exposed to data leaks, security issues, and governance gaps,” said Ian L. Paterson, CEO of Plurilock. “This white paper will help organizations to know where to start-how to see the big picture, build a strategy, select tactics, and ultimately reduce the risks associated with ungoverned adoption. We hope this white paper will be an accessible, practical tool for employers who feel a step behind in navigating the complexities of AI adoption in their workforce.”

After bouncing at the major support zone at $0.125, Plurilock gained strength and momentum backed on the news that the Company is announcing a strategic focus on addressing the growing AI cybersecurity threats on July 18th 2023. Further momentum followed with a major 15% green day on July 19th 2023.

The stock saw a technical pattern breakout confirmed with a close above a downtrend line on July 20th 2023, the day when Plurilock announced its new SaaS product, PromptGuard. The stock recently hit highs just above $0.16 before selling off.

Currently, the stock is in a corrective pullback phase. This tends to occur on major technical breakouts. Price retreats, or corrects, to retest a breakout zone. This provides another entry point for those who missed out on the initial breakout and momentum. Plurilock stock tested the broken trendline and has closed below it. The buyers did not step in to validate this breakout technical pattern. The stock is now ranging at support at the $0.135 zone. Note how the daily candle wicks are rejecting the downtrend line highlighting the importance of this line. A close back above this trendline is what bulls want to see.