INTZ

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Finance and retail organisations rate advanced cyber threats as the most serious challenge, yet both sectors struggle to identify attacks inside their networks, a study has revealed.

Finance and retail sectors struggle to detect cyber intrusions, study finds

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Since the beginning of 2015, numerous data breaches at high-profile business houses and government agencies prompted the need to impose tighter security measures, which in turn boosted the cyber security stocks. On Jun 5, these stocks gained further momentum on news that nearly every government agency’s personnel data has been hacked. The latest data breach was reported late the previous day by the Office of Personnel Management (OPM), a U.S. federal agency that keeps employee information and handles security clearances. Per the agency, nearly 4 million current and former federal U.S. employees’ personal data has been compromised.

New data breach puts three cyber security stocks in focus

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We had a good second quarter and are making excellent strides in growing our business particularly noteworthy was revenue growth for our Savant product family, Savant is our advanced persistent threat detection product, Savant revenue reached $760,000 or 36% of total revenue for the quarter. $465,000 of this total was with a new major reseller, we’re optimistic that this relationship will grow in the future.

Intrusion's (INTZ) CEO Ward Paxton on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha

We had a good second quarter and are making excellent strides in growing our business particularly noteworthy was revenue growth for our Savant product family, Savant is our advanced persistent threat detection product, Savant revenue reached $760,000 or 36% of total revenue for the quarter. $465,000 of this total was with a new major reseller, we’re optimistic that this relationship will grow in the future.

Intrusion's (INTZ) CEO Ward Paxton on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha

We have booked Savant business from five new customers in the second quarter, three were from our first reseller, one was direct and one was from our new second reseller. In the near term we have additional new customers who we expect to engage with new business. This quarter we expect to have about five new customers installing Savant through our original reseller.

Intrusion's (INTZ) CEO Ward Paxton on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha

As I mentioned last quarter they changed their approach by pushing customers to engage with 90 day trials which are paid as 1/4th of the normal annual rate. With this approach their activity levels have increased, this was a good move for them as their activity levels have definitely increased this quarter. Next quarter the fourth we’re looking at seven new customers for Savant coming board with initial orders. Off these seven four are with a third new reseller partner, the other three are direct.

Intrusion's (INTZ) CEO Ward Paxton on Q2 2015 Results - Earnings Call Transcript | Seeking Alpha