There’s Still A Severe Threat of New Cyberattacks

June 10, 2021 - Baystreet.ca


It’s only a matter of time before we’re hit with another massive cyberattack. Unfortunately, it’s no longer a question of if, but when. "The U.S. is currently not designed to act with the speed and agility necessary to defend the country in cyberspace. Our country has lost hundreds of billions of dollars to nation-state-sponsored intellectual property theft using cyber espionage,” as noted by the Cyberspace Solarium Commission, as quoted by Fox Business. Cities, hospitals, schools, government agencies are all vulnerable. As the world wakes up to the threat, some of the top companies to watch include Plurilock Security (TSXV:PLUR) (OTC:PLCKF), Palo Alto Networks (NYSE:PANW), Fortinet Inc. (NASDAQ:FTNT), Check Point Software Technologies (NASDAQ:CHKP), and Proofpoint Inc. (NASDAQ:PFPT).

Unfortunately, things could get far worse. According to Cybersecurity Ventures, “The total amount of data stored in the cloud could reach 100 zettabytes by 2025. About six billion people will be online by 2022 from five billion in 2020. By 2022, about a trillion networked sensors will be embedded all around us. By 2023, there will be more networked devices than humans on Earth.” All could expose us to even more cyberattacks.

Plurilock Security (TSXV:PLUR)(OTC:PLCKF) Receives Order from California State Agency

Plurilock Security, worth US$180,000 on an existing contract with a California State Agency, under the California Multiple Award Schedules (CMAS) agreement. Under the CMAS contract order, Plurilock will deliver Proofpoint software and maintenance support to the U.S. state agency. This contract demonstrates the Company's ongoing efforts to provide local government organizations with quality cybersecurity solutions out of its California regional office.

Other related developments from around the markets include:

Palo Alto Networks introduced five key innovations that make it easier for customers to adopt Zero Trust across their network security stack. "The productivity of a hybrid workforce lies in the ability for users to move freely on and off the campus network and still securely access any applications or data from any device in any location. Enabling this seamless experience securely is one of the many promises of a Zero Trust architecture," said Anand Oswal, senior vice president, Firewall as a Platform, Palo Alto Networks. "Today we are making it significantly simpler for companies to adopt complete Zero Trust Network Security."

Fortinet Inc., a leader in broad, integrated, and automated cybersecurity solutions, announced that Fortinet has been named a manufacturer on the Information Technology Enterprise Solutions – Software 2 (ITES-SW2) contract for the U.S. Army Computer Hardware Enterprise Software and Solutions (CHESS). This contract is held by Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, and is effective through August 30, 2025. ITES-SW2 is a firm-fixed price, indefinite delivery/indefinite quantity contract vehicle for commercial off-the-shelf software products and related services and hardware. The contract has no fees, and ordering is open to all Army, DoD and Federal agencies and authorized systems integrators on a worldwide basis. Under this contract, Carahsoft provides cybersecurity solutions from Fortinet to support Federal agencies’ enterprise infrastructure goals.

Check Point Software Technologies,  a leading provider of cyber security solutions globally, announced it has been named a Microsoft Security 20/20 award winner for the Most Transformative Integration Partner category. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation, integration, and customer implementation with Microsoft technology. “The rapid transformation to remote work and cloud connectivity has opened many security gaps for organizations,” said Erez Yarkoni, Head of Cloud and Telco Sales at Check Point Software Technologies. “Together, Microsoft and Check Point deliver one of the most advanced threat prevention solutions to Azure customers, keeping their cloud network, data and applications protected from the most sophisticated cyberattacks today. Check Point is honoured to be recognized for demonstrating excellence in innovation, integration, and customer implementation with Microsoft technology.”

Proofpoint Inc., a leading cybersecurity and compliance company, announced Proofpoint Cloud App Security Broker (Proofpoint CASB) is now a certified data loss prevention (DLP) partner for Microsoft Teams. Available as part of Proofpoint’s Information Protection platform, organizations worldwide can now ensure real-time data security and compliance while millions of users collaborate in Teams. This is Proofpoint’s third business-critical integration with Teams since launching its Content Capture and Enterprise Archiving integration in 2020 as part of Proofpoint’s Compliance platform.

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