Recent Events Reiterate the Importance of Sophisticated Cybersecurity - Equifax (NYSE:EFX)

NEW YORK, Feb. 5, 2021 /PRNewswire/ -- The recent surge of data breaches, business and agency hacks are just some of the reminders of how fragile our information infrastructure is. According to a report by NPR from December, hackers attached their malware to a software update from SolarWinds, a company based in Austin, Texas. Many federal agencies and thousands of companies worldwide used SolarWinds' Orion software to monitor their computer networks. Now, the cybersecurity company Trustwave informed SolarWinds that it has identified three new "critical" flaws in software produced by SolarWinds. According to a report by NBC News, SolarWinds has released a patch to fix the security flaws, and neither company found evidence that hackers had exploited the vulnerabilities. Yet, the findings raise new questions about security at SolarWinds, which provides information technology software to government agencies and most Fortune 500 corporations. Plurilock Security Inc. PLUR PLCKF, SolarWinds Corporation SWI, McAfee Corp. MCFE, CrowdStrike Holdings, Inc. CRWD, Equifax Inc. EFX

Overall, the cybersecurity market covers a wide range of applications, emphasizing on safeguarding computers, programs, networks, and data from unlicensed or unprompted access. Furthermore, various software solutions such as antiviruses and firewalls have grown in complexity and proven to be effective at preventing threats and attacks, such as malware, Trojans, and phishing. Overall, it is the large enterprises segment that held the highest cyber security market share in 2019. And, according to data provided by Allied Market Research, the cyber security market size was valued at USD 149.67 Billion in 2019 and is projected to reach UDS 304.91 Billion by 2027 while growing at a CAGR of 9.4% from 2020 to 2027.

Plurilock Security Inc. PLUR PLCKF announced yesterday breaking news that, "retired U.S. Navy Vice Admiral, Jan E. Tighe has been appointed to the Company's Advisory Board.

Dr. Tighe was commissioned as a cryptologist who graduated from the Naval Postgraduate School, Monterey, California, with a Master of Science in Applied Mathematics and a Doctorate in Electrical Engineering.

Over a 20-year federal career, Dr. Tighe served as the Deputy Chief of Naval Operations for Information Warfare, Director of Naval Intelligence, Fleet Commander of the U.S. Fleet Cyber Command, and Deputy Director of Operations in the U.S. Cyber Command. As a managing director and technology leader on the corporate board of the U.S. Navy, Dr. Tighe was responsible for providing digital expertise and planning to support core infrastructure, many thousands of air and sea craft, and hundreds of thousands of federal employees.

As a senior leader and seasoned cyber operations expert, Dr. Tighe has followed her storied national service career by sitting as an independent director on the boards of Goldman Sachs, IronNet Cybersecurity, Progressive Insurance, and Huntsman Chemical.

'Plurilock's use of AI for identity assurance is quite compelling as they seek to deliver innovative authentication solutions that can protect against both insider and cyber threats,' said ADM Tighe. 'Given that Plurilock's authentication technology is designed to solve many of today's cyber-related problems, I am excited to assist this groundbreaking company in bringing their technology to a wider audience.'

'We are delighted to have Dr. Jan Tighe onboard at Plurilock where her guidance in mission critical cybersecurity work will be vital in expanding our outreach to security conscious enterprises across North America,' said Ian L. Paterson, CEO of Plurilock. 'With our company currently in growth phase, having a retired Vice Admiral on our advisory board will enable us to establish a stronger presence in the North American and Federal Government verticals.'

Plurilock granted Dr. Tighe an option to acquire 50,000 shares at an exercise price of $0.50 per share and vesting over three years from the date of grant."

For our latest "Buzz on the Street" Show featuring Plurilock Security Inc., recent corporate news, please head over to: https://www.youtube.com/watch?v=wYslr35j8WQ

SolarWinds Corporation SWI announced back in December updates in response to the SUPERNOVA malware for all supported versions of SolarWinds® Orion® Platform products and a fix for customers on unsupported versions of these products. Third parties and the media have publicly reported on a malware, now referred to as SUPERNOVA. Based on SolarWinds' investigation, this malware could be deployed through an exploitation of a vulnerability in the Orion Platform. Like other software companies, SolarWinds seeks to responsibly disclose vulnerabilities in its products to customers, while also mitigating the risk that bad actors seek to exploit those vulnerabilities, by releasing updates to their products before the company discloses the vulnerabilities. SolarWinds provided two hotfix updates on December 14 and 15, 2020, that contained security enhancements, including those designed to prevent certain versions of the Orion Platform products from being exploited in a SUPERNOVA attack.

McAfee Corp. MCFE reported earlier in December that McAfee MVISION Insights has been named the winner of the "Endpoint Security Solution of the Year" award in the fourth annual CyberSecurity Breakthrough Awards program conducted by CyberSecurity Breakthrough, a leading independent market intelligence organization that recognizes the top companies, technologies and products in the global information security market. McAfee MVISION Insights leverages McAfee's cutting-edge threat research, augmented with sophisticated Artificial intelligence (AI) applied to real-time threat telemetry streamed from over 1 billion sensors. The integration of MVISION Insights significantly enhances the capabilities of McAfee's endpoint security platform by managing the attack surface, preventing ransomware and aiding security teams to easily investigate and respond to advanced attacks.

CrowdStrike Holdings, Inc. CRWD announced last December the release of the annual CrowdStrike Services Cyber Front Lines Report, which brings together the insights and observations of CrowdStrike's global incident response (IR) and proactive services teams in 2020. reveals the broad-reaching impact remote work has had on cybersecurity, as corporate networks around the world were turned inside out to accommodate remote workers. "Remote work has redefined the playing field between cyber attackers and defenders, and that's clearly demonstrated in the CrowdStrike Services Cyber Front Lines Report. Corporate networks now span both office and home, providing a wealth of new attack surfaces and vectors that adversaries can exploit," said Shawn Henry, chief security officer and president of CrowdStrike Services at CrowdStrike. "Holistic coordination and continued vigilance are key in detecting and stopping sophisticated intrusions. Because of this, we're seeing a necessary shift from one-off emergency engagements to continuous monitoring and response. This will better enable incident response teams to help customers drastically reduce the average time to detect, investigate and remediate from 162 hours to less than 60 minutes."

Equifax Inc. EFX reported last month that it has signed a definitive agreement to acquire Kount, a provider of Artificial Intelligence (AI)-driven fraud prevention and digital identity solutions, for $640 million. As global digital transformation accelerates, driving customer interactions to digital channels in record numbers, businesses require new ways to establish digital identity trust in real time to fight the growing problem of online fraud while reducing customer friction. This acquisition will expand the Equifax worldwide footprint in digital identity and fraud prevention solutions, helping businesses better engage with their customers while combating fraud with the Kount Identity Trust Global Network - the industry's leading risk-based authentication platform.

Subscribe Now! Watch us report LIVE https://www.youtube.com/FinancialBuzzMedia

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. FinancialBuzz.com has not been compensated directly by any of the companies mentioned here in this editorial unless mentioned otherwise. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For plurilock security inc. video production, filming editing, news reporting, financial and corporate news dissemination, FinancialBuzz.com expects to be compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.

Media Contact:

info@financialbuzz.com
+1-877-601-1879
www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Market News and Data brought to you by Benzinga APIs