Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Intrusion Inc.
  6. News
  7. Summary
    INTZ   US46121E2054


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Pearson to pay $1 million to settle charges it misled investors, U.S. SEC says

08/16/2021 | 12:51pm EST
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their  headquarters in Washington, D.C.

WASHINGTON (Reuters) -London-based Pearson PLC will pay $1 million to settle charges it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, the U.S. Securities and Exchange Commission (SEC) said on Monday.

The educational-publishing firm did not admit nor deny the regulator's charges, the SEC said, but in 2019 the firm disclosed in its annual report that the data breach may have included birth dates and email addresses, when, in fact, it knew that such records were stolen.

Pearson also said at the time that it had "strict protections" in place, but failed to patch the critical vulnerability for six months after it was notified, the SEC found.

"Pearson opted not to disclose this breach to investors until it was contacted by the media, and even then Pearson understated the nature and scope of the incident, and overstated the company's data protections," said Kristina Littman, chief of the SEC enforcement division's cyber unit.

"As public companies face the growing threat of cyber intrusions, they must provide accurate information to investors about material cyber incidents."

Pearson spokesman Tom Steiner said the company's data breach involved a web-based software tool that was retired in July 2019, and that the firm "continues to enhance its cyber security efforts to minimise the risk of cyberattacks in an ever-changing threat landscape."

It has also agreed to cease and desist from committing violations of cyber-related disclosure provisions in addition to paying the civil penalty, the SEC said.

The top U.S. markets watchdog has brought a handful of other cybersecurity disclosure cases, including its nearly $500,000 fine in 2019 of real estate title insurance company First American and a $35 million settlement in 2018 to resolve allegations that Yahoo didn't tell investors about a data breach.

It also warned companies in a 2018 report on corporations that were victims of cyber fraud that publicly-traded companies must adopt robust internal controls to detect cyber threats.

(Reporting by Tim Ahmann and Katanga JohnsonEditing by Paul Simao)

By Katanga Johnson

ę Reuters 2021
All news about INTRUSION INC.
01:52aLefroy Exploration Finds New Gold Zone at Burns Prospect
01/21New Zealand water ship unloads in Tonga as other aid trickles in
01/19Wheat Higher as Russia-Ukraine Concerns Grow - Daily Grain Highlights
01/18INTRUSION, Inc. to Host Strategy Update Call on January 25, 2022, at 5 PM Eastern Time
01/17Goldshore Resources Says Intersects Three +1 g/t Au Zones Over 810 Meters at Moss Lake ..
01/13Angold Says Samples up to 11.85 g/t Gold at Dorado, Chile
01/10Raiden Resources Starts Drilling Program at Arrow Project
01/05Element Solutions Reports IT Systems Intrusion, Expects 'Limited' Impact; Reiterates FY..
2021Consumer Stocks Rising Ahead of Tuesday's Closing Bell
2021Consumer Staples Stocks Rising as Tuesday Trade Turns Defensive
More news
Analyst Recommendations on INTRUSION INC.
More recommendations
Financials (USD)
Sales 2021 8,01 M - -
Net income 2021 -19,3 M - -
Net cash 2021 8,30 M - -
P/E ratio 2021 -3,51x
Yield 2021 -
Capitalization 68,0 M 68,0 M -
EV / Sales 2021 7,46x
EV / Sales 2022 3,82x
Nbr of Employees 63
Free-Float -
Duration : Period :
Intrusion Inc. Technical Analysis Chart | INTZ | US46121E2054 | MarketScreener
Technical analysis trends INTRUSION INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 2
Last Close Price 3,62 $
Average target price 4,63 $
Spread / Average Target 27,8%
EPS Revisions
Managers and Directors
Anthony E. Scott President & Chief Executive Officer
B. Franklin Byrd Chief Financial Officer
Anthony J. LeVecchio Executive Chairman
T. Joe Head Chief Technology Officer
James F. Gero Independent Director
Sector and Competitors