- Data is one of the most valuable and critical assets for today’s businesses, but with cyber-attacks on the rise it can quickly become one of their greatest liabilities
- Alarming statistics reveal that the number of security executives reporting security incidents in software-as-a-service environments surged from 43% to 55% over the past two years, with data leakage as the most common type of security incident, followed by malicious apps, data breaches, and ransomware
- Amid the current climate of ongoing data breach news, Data443 Risk Mitigation aims to cement its position as the provider of “All Things Data Security” by continuing to upgrade its product offering, securing new clients, and long-term customer renewals
“We are proud to be entrusted with our customer’s data, especially given the growing legal and regulatory risks within this environment of continuous data breaches,” said Jason Remillard, CEO and founder of Data443 Risk Mitigation (OTC: ATDS). “Our strength in Enhanced File Transfer/Managed File Transfer (EFT/MFT) with some of the world’s largest fintech enterprises positions Data443 to continue growing relationships in fintech and beyond as more enterprises leverage the public cloud for scale, cost savings, and disaster recovery. The company announced its latest product update—the addition of antivirus and ransomware protection to its EFT/MFT solution (https://ibn.fm/0gH0j).
As a data security and privacy software company, Data443 Risk Mitigation prides itself on securely processing thousands of sensitive data files per hour for its clients across the globe. The role of computer data continues to grow exponentially, enabling everyone – individuals, businesses, governments, schools, hospitals, and everything else in modern society to be more efficient. Entire businesses and sectors have launched to service the needs of processing and securing data. But in today’s digital business environment, data is also a massive target for cybercriminals. In the past, thieves used to break into bank vaults – now, they are attacking the cloud from anywhere in the world with an internet connection. The cloud has become the new target where the gold bullion of the new age – our data – is stored (https://ibn.fm/uL7yq).
A recent report shows that over 55% of security executives reported a security incident in their software-as-a-service environment over the last two years, marking a 12% surge from the previous year. The study, which surveyed 1,130 IT leaders, demonstrates that data leakage (or the unauthorized transmission of data from an organization to any external source) is the most common type of security incident (58%), followed by malicious apps (47%), data breaches (41%) and ransomware (40%).
Alarming statistics reveal another worrisome trend. More than half of respondents (58%) reported that their current SaaS security solutions cover only 50% or less of their SaaS applications, turning the spotlight on the growing need for robust security measures and increased awareness of the vulnerabilities the businesses open themselves to with the expanding SaaS landscape (https://ibn.fm/jvmJD).
As a data security and privacy software company, Data443 Risk Mitigation aims to tackle these challenges head-on. The company recently announced the enhancement of its Data Placement Manager (“DPM”), an Enhanced File Transfer/Managed File Transfer (EFT/MFT) solution, with antivirus and ransomware protection additions powered by the company’s Ransomware Recovery Manager (“RRM”), which was named “Best for Inexpensive Protection” and “Best for Kiosks” by PC Mag. In a bid to enhance its data security and protection capabilities and cyber threat intelligence (“CTI”) services, the company has recently closed a definitive agreement to acquire select assets from Cyren Ltd., which includes Cyren’s proprietary technology and intellectual property related to threat intelligence, URL categorization, and email security.
The company appears to be on a winning streak amid a recent surge of customer renewals and additional contract wins following the recent influx of fintech clients committing to the company’s EFT/MFT solution. With clients experiencing as much as 99.999% uptime, equivalent to an average of fewer than six minutes of downtime per year, Data443 Risk Mitigation appears committed to achieving its mission to become the go-to provider for “All Things Data Security.”
Data443 Risk Mitigation, Inc. (ATDS) Investor Relations
Matthew Abenante
ir@data443.com
919-858-6542
For more information, visit the company’s website at www.Data443.com.
NOTE TO INVESTORS: The latest news and updates relating to ATDS are available in the company’s newsroom at https://ibn.fm/ATDS
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