Data443 Risk Mitigation Inc - ATDS STOCK NEWS

Data443 Risk Mitigation (OTCPK: ATDS) has acquired Breezemail.ai's intellectual property and operational assets, expanding its AI-powered email privacy capabilities. Breezemail.ai provides proprietary machine-learning algorithms for managing end-user mailboxes in Microsoft Office365 and Google GSuite Gmail, offering the industry's first implementation of private email organization outside service providers.

The technology allows users to maintain private rulesets for email management without sharing them with email providers. The integration will enhance Data443's product suites, particularly in healthcare, national defense, and government sectors. Key benefits include seamless integration with Cyren by Data443 deployments, enhanced protection against social engineering attacks, real-time threat intelligence sharing, and user-driven decision-making capabilities without IT assistance.

The acquisition aligns with market trends, as evidenced by Abnormal Security's anticipated IPO and growing enterprise demand for intelligent security platforms.

Data443 Risk Mitigation announced an updated open-source offering for email security, addressing the recent shutdown of the Spam and Open Relay Blocking System (SORBS). SORBS, a valuable DNS-based Block List, was widely used to identify spam sources. With the system's closure, many organizations lost vital spam protection services. Data443 steps in to provide free threat intelligence data to the SORBS community, enhancing email security with advanced AI and ML capabilities through its Cyren platform. New clients can sign up for a free trial. The company also highlighted record financial results for 2023 and its participation in Microsoft's Security Copilot Partner Program.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) reported a remarkable 112% revenue increase and a 57% reduction in net loss for the fiscal year 2023. The company achieved significant milestones, including being recognized as a Sample Vendor in the Data Discovery category by Gartner, receiving accolades for its Ransomware Recovery Manager and Antivirus Protection Manager, and maintaining a high customer renewal rate of 98%. Data443 also made strategic acquisitions, secured major contract wins, and formed key partnerships to enhance its product offerings. The CEO highlighted the company's commitment to innovation, customer satisfaction, and market growth. Financially, Data443's total revenues reached $5,578,942, representing a substantial growth from the previous year, while the net loss decreased significantly. The company's liquidity position improved with higher cash and current assets compared to the previous year.

Data443 Risk Mitigation, Inc. and Cyren by Data443 (OTCPK: ATDS) announced their participation in the Microsoft Security Copilot Partner Private Preview. Microsoft selected Data443 based on its experience with Microsoft Security technologies and close relationship with the company. The collaboration aims to shape Security Copilot product development, refine risk scenarios, and provide feedback on APIs. Data443 expects immediate benefits for its customers and product lines, especially with the addition of Cyren Ltd. technologies. The Microsoft Security Copilot is an AI-powered security product that processes signals at machine speed and assesses risk exposure in minutes.

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has completed the purchase of certain assets of Cyren, Ltd. The company has successfully retained 52 out of 60 Cyren, Ltd. customers and expects to close new agreements with the remaining customers in the first quarter of 2024. Cyren, Ltd.'s technology includes threat and response streaming technologies, native email anti-spam, anti-malware, and Phishing/Business Email Compromise capabilities.

Data443 Risk Mitigation, Inc. announces operating results for Q2 and first half of 2023, highlighting business accomplishments, acquisitions, contracts, and product updates. CEO Jason Remillard expresses confidence in the company's growth and innovation.