News Release
Aggressive China Hackers Could Threaten Critical US Infrastructure
MarketJar
Chinese hackers could pose a serious threat to critical US infrastructure, according to a top US cybersecurity official. Cybersecurity and Infrastructure Security Agency (CISA) Director Jen Easterly warned that China is shifting away from espionage towards more disruption and destruction and in the event of a conflict between the United States and China, hackers might endanger crucial pipelines and transportation infrastructure. "I think this is the real threat that we need to be prepared for," Easterly said Monday at the Aspen Institute in Washington, DC regarding China's recent infiltration into US military and business sector facilities. Last month, Western intelligence agencies and Microsoft revealed that a state-sponsored Chinese group codenamed Volt Typhoon had been spying on a range of critical US infrastructure organizations, from transportation to telecommunications. The stern warning comes at a time when international tensions are high. While the US and China routinely spy on each other, this is one of the largest known Chinese cyber-espionage campaigns against American critical infrastructure according to analysts. Corporate executives know significantly less about potential Chinese partners and customers than they did even a year ago. Fending off cyber threats from China has become a primary focus for the US government, which has begun to describe the links between the Chinese government and other hacker groups in clearer and blunter terms. Chinese cyber penetration and espionage have long been a source of concern for American companies. Chinese corporations have utilized intellectual property theft to compete with their American counterparts. However, Easterly's emphasis on the clear and present danger implies that the US administration is becoming more willing to identify risks other than espionage. In the event of a conflict, the loss of essential pipelines, communications infrastructure, or transportation services might devastate the US economy. The Colonial Pipeline cyber intrusion, for example, caused aircraft disruptions and gas shortages along the East Coast. The original cost of the Russian hackers' strike was $5 million. According to Easterly, the most important issue for anyone who runs or operates critical infrastructure is to be prepared for disruptive attacks. Thankfully, companies like Plurilock Security Inc. (TSXV:PLUR) (OTC:PLCKF), an identity-centric cybersecurity provider, is already protecting some of the world's most powerful organizations against cybercrime. Delivering Next-Generation Cybersecurity to Government Agencies With unique AI capabilities capable of identifying malicious behavior within seconds, Plurilock Security Inc. (TSXV:PLUR) (OTC:PLCKF) has created cybersecurity solutions that are being utilized by over 600 customers ranging including major public sector clients like NASA, the US Department of Defense, US Special Operations Command, the US Army, Navy, Marines and Airforce. Plurilock leverages behavior analytics and artificial intelligence (AI) to provide its clientele with cutting-edge least privilege cybersecurity solutions. By analyzing individual behavior patterns, the company’s AI technology can identify and detect malicious activities within seconds, offering real-time protection against cyber threats. The company’s Plurilock AI solution is available in three configurations. Plurilock AI Cloud offers a comprehensive suite of tools to enable least privilege access management across a business’s cloud universe, along with cloud-based data loss prevention (DLP) capabilities; Plurilock AI Cloud DLP pairs the AI Cloud with an endpoint agent to ensure least privilege strategies are maintained to protect sensitive data across employee workstations; and Plurilock AI Complete, which ties these capabilities to machine learning (ML) and behavioral biometric identity. Plurilock Security has continued to sign new contracts and renew older ones, resulting in a 125% increase in Q1 revenue year-over-year, from C$7 million up to $15.8 million. During Q1 alone, a total of 16 sale orders and contract renewals were announced for Plurilock’s core AI-driven technology offering, including cross-sell buy orders with two US financial institutions. Moving forward, the company plans to increase cross-selling, streamline operations, adjust pricing to offer competitive rates while increasing gross margins and advance its M&A strategy to complete accretive acquisitions of businesses with strong technology assets and extensive customer networks in key markets. For more information about Plurilock Security Inc. (TSXV:PLUR) (OTC:PLCKF), click this link or visit their website at plurilock.com. Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Plurilock Security Inc. 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July 18, 2023 09:00 AM Eastern Daylight Time
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