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Aggressive China Hackers Could Threaten Critical US Infrastructure

--News Direct--

Source: Freepik

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. Market Jar Media Inc. has or expects to receive from Plurilock Security Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) seventy seven thousand two hundred USD for 16 days (11 business days).

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Plurilock Security Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Plurilock Security Inc.’s industry; (b) market opportunity; (c) Plurilock Security Inc.’s business plans and strategies; (d) services that Plurilock Security Inc. intends to offer; (e) Plurilock Security Inc.’s milestone projections and targets; (f) Plurilock Security Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Plurilock Security Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Plurilock Security Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Plurilock Security Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Plurilock Security Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Plurilock Security Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Plurilock Security Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Plurilock Security Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Plurilock Security Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Plurilock Security Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Plurilock Security Inc.’s business operations (e) Plurilock Security Inc. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Plurilock Security Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Plurilock Security Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Plurilock Security Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Plurilock Security Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Plurilock Security Inc. or such entities and are not necessarily indicative of future performance of Plurilock Security Inc. or such entities.

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View source version on newsdirect.com: https://newsdirect.com/news/aggressive-china-hackers-could-threaten-critical-us-infrastructure-826245436

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