VERSABANK ANNOUNCES DRT CYBER INC. APPOINTMENTS: GURPREET SAHOTA TO PRESIDENT AND LAURA YOUNG TO CFO

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[{"type":"text","content":"\n \n \n \n VERSABANK ANNOUNCES DRT CYBER INC. APPOINTMENTS: GURPREET SAHOTA TO PRESIDENT AND LAURA YOUNG TO CFO\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n LONDON, ON\n \n \n ,\n \n \n May 4, 2023\n \n \n /CNW/ - VersaBank (\"VersaBank\" or the \"Bank\") (TSX: VBNK) (NASDAQ: VBNK), a North American leader in business-to-business digital banking, as well as technology solutions for cybersecurity, today announced\n \n Gurpreet Sahota\n \n has been appointed President of its wholly owned subsidiary, DRT Cyber Inc. (\"DRTC\").  Based in\n \n Washington, D.C.\n \n , DRTC was created by VersaBank to safeguard its digital infrastructure and to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.\n \n \n \n \n \n \n \n \n \n In his position as President, Mr. Sahota will be responsible for overseeing the execution of the DRTC's growth strategy, including new product development, in particular for that of DRTC's cybersecurity services division, Digital Boundary Group.  In his new role, Mr. Sahota will continue to maintain oversight of the Bank's digital infrastructure through the Bank's cybersecurity services contracted with DRTC.\n \n \n For the last 5 years, Mr. Sahota has served as Chief Cyber Architect of VersaBank, where among many achievements, he oversaw the development of the world's first digital safety deposit box, VersaVault.  In addition to this he has led the growth and expansion of DRTC, through the development and successful launch of DRTC's anti-spam platform, RAVEN and integrating highly trusted and capable Penetration Testing services, serving hundreds of customers across\n \n North America\n \n and beyond. Prior to joining VersaBank, Mr. Sahota spent 16 years with Blackberry, culminating in his position as Principal Architect of Cyber Security.  Prior thereto, Mr. Sahota worked with 3...

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