Plurilock secures US$146,000 order from California healthcare organization

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) said it has secured a purchase order worth US$146,000 from a California healthcare organization, adding to a spate of recent contract wins for the cybersecurity solution provider.  The company said it received the order as part of an existing customer relationship, maintained due to its strong customer service and sales support. It will provide the healthcare organization with renewals for a portfolio of security solutions, including Symantec Endpoint Security Complete.  Including the latest order, contracts signed by Plurilock since May 2021 represent a combined total of nearly US$3.31 million in sales. Its current revenue run rate for fiscal 2021 has increased by over 800% from total annual revenue in the last fiscal year. WATCH: Plurilock Security ends first half of 2021 with $3.2M in new business, pursuing more acquisitions According to Plurilock, cyber-attacks in the healthcare sector are on the rise, creating a large need for cybersecurity solutions that protect sensitive patient and business data. The 2020-2021 Healthcare Cybersecurity Report, prepared by research firm Cybersecurity Ventures, revealed that the healthcare industry will suffer two to three times as many cyber-attacks in 2021 than other industries. It is predicted that the global healthcare cybersecurity market will grow by 15% year-over-year during the next five years, reaching $125 billion cumulatively from 2020 through 2025. Plurilock said its latest order demonstrates its ongoing work to serve organizations within the healthcare and government verticals. Victoria, British Columbia-based Plurilock provides MFA and true continuous authentication using AI-driven behavioral biometrics to confirm a user’s identity. Unlike competing MFA solutions, Plurilock does not require users to complete lengthy login workflows using mobile messaging or code generators and, unlike competing continuous authentication solutions, the company provides true full-workday authentication in the background. Contact the author at stephen.gunnion@proactiveinvestors.com