Welcome to our dedicated page for Intrusion news (Ticker: INTZ), a resource for investors and traders seeking the latest updates and insights on Intrusion stock.
Intrusion Inc. reports cybersecurity product, customer, and financial developments tied to its cyberattack prevention business. The company centers its updates on Intrusion Shield, a network security platform that uses threat intelligence and IP reputation data to detect malicious traffic, provide analytical visibility, and block inbound and outbound connections.
Recurring company news includes quarterly results, Shield product extensions such as cloud-native, on-premise, gateway, and endpoint offerings, and deployments for government, emergency services, law enforcement, and critical-infrastructure use cases. Updates also cover channel and public-sector business development, the P.O.S.S.E. Program for sheriff departments, and the company’s broader portfolio of threat intelligence and network security tools.
INTRUSION Inc. (NASDAQ: INTZ) has appointed Joe Head as Senior Vice President of Sales Engineering, effective January 21, 2021. Joe, a co-founder with over 30 years of experience, will lead a team to enhance sales support for Shield™, the company's advanced cybersecurity solution. This appointment aims to bolster the company's sales strategy, with the addition of Tina Carnow as Vice President of Sales, who brings over 20 years of technology sales expertise. These changes are expected to drive growth and enhance INTRUSION's market position in cybersecurity.
INTRUSION Inc. (NASDAQ: INTZ) announced the successful launch of its AI-driven cybersecurity solution, Shield™, which has thwarted over 77 million threats during beta testing across 13 companies. The tool, designed to identify and terminate malicious activity in real-time, is now available at a starting price of $20 per seat monthly. It showcases a remarkable false positive rate of just 0.001%, significantly outperforming competitors. As businesses increasingly migrate to production, Shield™ aims to mitigate devastating cybercrime impacts.
INTRUSION Inc. (NASDAQ: INTZ) has launched Shield™, a new AI-based cybersecurity solution that successfully halted over 77 million cyber threats during beta testing. Conducted over 90 days with 13 companies, it prevented attacks from 805,110 malicious entities, tackling ransomware, data theft, and more. Unlike traditional solutions, Shield boasts a low false positive rate of 0.001%, greatly enhancing operational efficiency. The service is available for $20 per seat monthly. Companies in the beta phase are now transitioning to full production, recognizing the importance of robust cybersecurity amid increasing cyber threats.
INTRUSION Inc. (NASDAQ: INTZ) has launched its new Shield™ cybersecurity solution, addressing recent cyber threats. The solution halted over 77 million cyberattacks during its beta program, protecting 13 companies from various cyber threats, including ransomware and phishing. Shield utilizes artificial intelligence to eliminate threats in real-time, achieving a false positive rate of just 0.001%. Companies have opted to implement Shield in production, highlighting its effectiveness and ease of use. The service is priced at $20 per seat per month, with no annual contract required.
INTRUSION Inc. (NASDAQ: INTZ) announced participation in the 23rd Annual Needham Growth Conference, set for January 13, 2021, at 2:30 p.m. CT. CEO Jack Blount and CFO Franklin Byrd will present virtually. Investors can request meetings by contacting Needham representatives or via email. The presentation will be accessible through the Company’s Investor Relations section, including a live audio webcast and archived replay.
INTRUSION specializes in cybersecurity solutions such as Shield™, TraceCop™, and Savant™, designed to safeguard critical data against cyber threats.
INTRUSION Inc. (NASDAQ: INTZ) announces that Michael L. Paxton is resigning from its board of directors effective December 31, 2020. Paxton has been a board member since 2019 and recently retired as the chief financial officer, a role he held for eighteen years. Jack B. Blount, President and CEO, expressed gratitude for Paxton's service and contributions to the company’s growth. INTRUSION specializes in cybersecurity solutions including entity identification, data mining, and threat detection, providing robust defenses for sensitive information.
INTRUSION Inc. (NASDAQ: INTZ) announced the appointment of two new vice presidents to enhance growth and sales channels: Vittal Krishnamurthy as Vice President of Product, and Martin Koren as Vice President of Business Development for Channel Sales. With the anticipated launch of Shield™ in early 2021, the company aims to expand its cybersecurity offerings. Krishnamurthy brings over 20 years of industry expertise, while Koren focuses on strengthening channel partnerships. The leadership changes are expected to bolster INTRUSION’s market position against increasing cyber threats.
INTRUSION Inc. (NASDAQ: INTZ) appointed Franklin Byrd as Chief Financial Officer, effective immediately. Byrd, a Certified Public Accountant, brings over 25 years of finance and accounting expertise, including experience in taking three organizations public. He replaces Michael L. Paxton, who will retire but remain on the board. Jack B. Blount, CEO, emphasized Byrd's strategic vision and leadership, essential for the company's growth in delivering next-generation cybersecurity solutions, notably the Shield family of products.
INTRUSION (NASDAQ: INTZ) highlights a report by Cybersecurity Ventures predicting that global cybercrime costs will surge to $10.5 trillion annually by 2025, a 15% increase per year since 2015. This alarming trend marks the largest transfer of economic wealth in history and poses significant risks to innovation and investment. The report emphasizes that all U.S. organizations are targets of cyber threats, with detection rates as low as 0.05%. INTRUSION continues to innovate in cybersecurity solutions to combat this escalating threat.
INTRUSION Inc. (NASDAQ: INTZ) announced the addition of new senior leaders to support the launch of its Shield cybersecurity solutions. Andrew Wildrix joins as VP of IT, bringing over 30 years of experience, while Brandy Schade becomes VP of People and Culture, focusing on talent acquisition. Joe Head has been appointed SVP of Direct Sales, overseeing a team to boost large enterprise sales. These strategic hires aim to enhance INTRUSION's technology infrastructure and sales capabilities in anticipation of significant growth.