Business
CORRECTING and REPLACING Intrusion Inc. Appoints Jack Blount as President and Chief Executive Officer
RICHARDSON, Texas--(BUSINESS WIRE)-- Third paragraph, second sentence of release dated May 27, 2020, should read: “According to Cybersecurity Ventures, the
About this update from Intrusion Inc.
[{"type":"text","content":" RICHARDSON, Texas--(BUSINESS WIRE)--\nThird paragraph, second sentence of release dated May 27, 2020, should read: “According to Cybersecurity Ventures, the world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data. (instead of: “The world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data.).\n\n\nFifth paragraph, third sentence of release dated May 27, 2020, should read: Prior to that, he served as CIO of the United States Department of Agriculture, where he was responsible for designing a new, 10-layer cybersecurity architecture that protected more than 100,000 employees and billions of dollars. (instead of: Prior to that, he served as CIO in the federal government, where he was responsible for designing a new, 10-layer cybersecurity architecture that protected more than 100,000 employees and billions of dollars.)\n\n\nThe corrected release reads:\n\n\nINTRUSION INC. APPOINTS JACK BLOUNT AS PRESIDENT AND CHIEF EXECUTIVE OFFICER\n\n\nIntrusion Inc. (OTCQB: INTZ) (“Intrusion”) announced today that its Board of Directors has named Jack B. Blount to the position of President and Chief Executive Officer. Mr. Blount was also appointed as a director of the company. Michael L. Paxton, former Interim President and Chief Executive Officer, retains the positions of Chairman, Chief Financial Officer, Secretary and Treasurer.\n\n\n“We are excited to have Jack join Intrusion. He is an experienced executive with a tremendous amount of experience,” stated Michael L. Paxton, Vice President and CFO of Intrusion.\n\n\n“I have never been more energized and excited about joining a company than I am now about Intrusion,” stated Jack B. Blount, President and CEO of Intrusion. “According to Cybersecurity Ventures, the world suffered $3 trillion in cybercrime losses in 2019, with that loss predicted to reach $6 trillion in 2021. Intrusion has been fighting cybercrime for more than 20 years and as a result has the largest database of historical internet data. By combining that data and e...