Over the last few years, devastating data breaches have become a daily occurrence, costing private and public entities millions in financial losses and significant damage to their reputation. About 2,200 cyberattacks take place each day, and incidents are multiplying rapidly.
Plurilock, a cybersecurity and national security innovator, is at the forefront of this crisis, deploying advanced cybersecurity services and end-to-end IT solutions to high-profile clients and federal agencies globally. With decades of industry expertise and cutting-edge in-house technology, Plurilock is doing more than keeping cybercrime at bay. It's securing the digital frontline by equipping organizations of all sizes to cultivate an impenetrable foundation that supports safe online experiences.
An alarming 83% of organizations experienced more than one data breach in 2022 at an average cost of $4.35 million. In 2023 alone, over 343 million fell victim to cyberattacks worldwide. That's more people than the entire population of the United States.
Research suggests the global cost of cybercrime will hit $13.82 trillion by 2028—almost a 50% jump from today's levels. Known as the third-largest economy if measured by annual GDP, cybercrime is a $9.5 trillion problem that urgently needs addressing.
Cybersecurity professionals, the individuals capable of thwarting malicious cybercriminals, are few and far between. Due to rapid technological shifts and a critical need for highly qualified talent with hands-on experience, the demand for cybersecurity is outpacing the supply of knowledgeable workers. An estimated four million cybersecurity professionals are needed to resolve global talent shortages. However, filling education gaps takes time and targeted interventions to bring tangible change.
As cybercrime increases in frequency and talent lags behind the market's growing appetite for service providers, organizations are poised to feel the long-lasting impact of remaining vulnerable to attack. This susceptibility to harm has resulted in data breaches affecting public, private, and government organizations.
In August 2024, approximately 2.9 billion records, including names, email and mailing addresses, phone numbers, financial data, and Social Security numbers, were stolen from an online background check and fraud prevention company.
These egregious examples of the rise in global data breaches paint a grim picture of digital safety. In an age where virtual infrastructure has become the default channel for accessing public and private products and services, it has never been more imperative to safeguard these environments and ensure they are robust enough to withstand evolving threats. This is where Plurilock comes in.
Since its inception in 2016, Plurilock has emerged as a unique player in the cybersecurity sector, leveraging deep industry relationships with high-caliber talent and millions of vendor products to offer next-generation cybersecurity and comprehensive IT solutions at a fraction of the cost.
The companies' elite leadership, board of directors, and advisory teams form the backbone of Plurilock's cybersecurity solution network, drawing their expertise from the top reaches of America's intelligence and cybersecurity apparatus. Some of these industry leaders include Retired Admiral Mike McConnell, who, in addition to his time in the Navy, served as the head of the NSA and the Director of National Intelligence. Patrick Gorman, the former CIO for the U.S. Intelligence Community and the former head of cybersecurity for Bank of America, Merrill Lynch, and Bridgewater, also provides unparalleled insight into cybersecurity needs for Plurilock's clientele.
Alongside its work with prestigious federal agencies such as the Department of Defense and the U.S. Department of Treasury, which recently awarded them a $6.16 million contract, Plurilock has long-standing relationships with Global 2000 companies, including major hospitals, key airports, and large pharmaceutical and global semiconductor companies. The firm's unique brand of critical services is poised to enhance further the defense, detection, and prevention of data breaches and cyberattacks with its recent CrowdStrike partnership.
Amid major increases in ransomware attacks, AI-driven cyber threats, and the continuous growth of the cybersecurity industry, it's clear that attacks will inevitably increase in volume and complexity. These concerns are a valuable opportunity for investors to back companies like Plurilock, operating in this high-growth market, to usher in a more secure future.
"Robust cybersecurity protection is a universal need for businesses, enterprises, and government agencies," says Plurilock CEO Ian L. Paterson. "With the risk of attack growing by the day, senior leadership must be early adopters of leading software and internal procedures that protect their greatest assets. In this climate, investors can accelerate the availability and accessibility of these solutions, gaining attractive returns in the meantime."
Well-known as a platform for growth, Plurilock's family of companies presents a lucrative investment opportunity. In the third quarter of 2024, the company saw a 70% growth in critical services, a main driver of its revenue. It has pulled in a gross profit of $3.3 million dollars so far in 2024, a significant increase from $2 million in 2023. When considered in tandem with four successful acquisitions, Plurilock's profitable nature and high-demand services are easily recognizable.
With the mission of ending industry fragmentation and setting new global standards, Plurilock is at the helm of cybersecurity's imminent transformation, spearheading solutions powerful enough to shield millions from harm.
