Business
Intrusion Inc. Appoints Jack Blount as President and Chief Executive Officer
Richardson, Texas, May 27, 2020 (GLOBE NEWSWIRE) -- Intrusion Inc. (OTCQB: INTZ), (“Intrusion”) announced today that its Board of Directors has named Jack B.
About this update from Intrusion Inc.
[{"type":"text","content":"Richardson, Texas, May 27, 2020 (GLOBE NEWSWIRE) -- Intrusion 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 “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. “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. “The world has 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 expertise with machine learning, we are creating an affordable cybercrime prevention tool that I fully expect will change the landscape of cybersecurity,” concluded Blount. As recently pointed out in the government’s report, Cyberspace Solarium Commission ‘Our country is at risk, not only from a catastrophic cyberattack but from millions of daily intrusions disrupting everything from financial transactions to the inner workings of our electoral system. China, Russia, Iran, and North Korea all probe U.S. critical infrastructure with impunity. Criminals leverage globally connected networks to steal assets from individuals, companies, and governments.’ Blount had an extensive career in technology as a visionary in the personal computer, local area networking, ERP, mobile computing, big data, cybersecurity, and AI. Most recently, Blount founded a strategic consultancy for enterprise, startup and federal government organizations. Prior to that, he served as CIO of the United States Department of Agriculture where he was responsible for designing a new, 10-layer cyber security architecture that protected more than 100,000 employees and billions of dollars. Blount began his career as an engineer at IBM and was then recruited from IBM for the role of SVP of Business Development at Novell in the 19...