Plurilock Security cheers President Biden’s executive order to strengthen the country’s cybersecurity defenses

Plurilock Security Inc (CVE:PLUR) (OTCQB:PLCKF) is cheering President Joe Biden’s recent executive order to strengthen the country's cybersecurity defenses.  The executive order, the company noted, was created to help US federal government organizations enhance their cybersecurity in confronting malicious cyberattacks.  The White House’s move on May 12 comes as cyberattacks against enterprises and US government agencies have increased at an alarming rate. Most notably, Colonial Pipeline, one of the largest US pipeline operators for refined oil, had to cease operations due to a ransomware attack, which disabled delivery systems of gas to many US states.   READ: Plurilock Security inks US$390,000 contract with the US Department of Defense Other prominent incidents such as the Oldsmar's water treatment hack in Tampa, Florida, and the SolarWinds hack have caused a nationwide cybersecurity crisis. Plurilock said the implementation of a zero-trust architecture and the deployment of multi-factor authentication (MFA) were highlighted among other steps and protocols in the executive order as important measures for federal agencies to utilize in improving their security models.  As a leading cybersecurity solutions provider, Plurilock said its product suite is directly relevant to such concerns. "Following the latest sophisticated cyberattacks on U.S. private companies and federal government networks, the executive order is an important step for the U.S. Federal Government to take a more aggressive approach in preventing data breaches, most notably through the adoption of a zero-trust policy and MFA solutions," said CEO Ian Paterson in a statement. "Plurilock's team is focused on securing new contracts, and government organizations are a key vertical in our strategy. The distribution channels from our recent acquisition of Aurora position us well to deliver solutions to government customers, and grow our client base within the public sector." Prior to the announcement of the executive order, President Biden released a fiscal 2022 budget blueprint for which he intends to allocate US$2.1 billion for the country's federal cybersecurity agency.  In addition, Biden signed the American Rescue Plan in March 2021 to provide an additional US$1.65 billion in advancing cyber-defense initiatives. Contact the author: patrick@proactiveinvestors.com Follow him on Twitter @PatrickMGraham