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Overview of Data443 Risk Mitigation Inc (ATDS)
Data443 Risk Mitigation Inc is a company specializing in data security, privacy compliance, and risk mitigation solutions. The firm provides a broad portfolio of cloud-based and on-premise platforms that enable organizations to manage, protect, and distribute digital content securely. By integrating advanced data governance techniques with state-of-the-art technology, Data443 affirms its commitment to safeguarding critical information and ensuring compliance with key global data protection regulations.
Core Business Areas
At its core, Data443 delivers solutions that address several vital areas:
- Cloud-Based Digital Content Management: The company offers araloc, a platform designed for the secure management and distribution of digital assets across desktop and mobile devices. This system is built to ensure seamless access while maintaining robust data security protocols.
- Data Transport and Transformation: With its product dataexpress, Data443 facilitates the efficient transport, transformation, and delivery of data. This solution is particularly important for organizations seeking to streamline their data operations without compromising on security or integrity.
- Email and Enterprise Archiving: Through arcmail, the company provides comprehensive email management and archival solutions that help businesses maintain historical records and ensure compliance with data retention policies.
- Data Classification and Governance: Classidocs is a sophisticated technology aimed at classification and governance of data, supporting compliance requirements under international frameworks such as CCPA, LGPD, and GDPR. This tool ensures that sensitive information is categorized properly and handled with the necessary care.
- Blockchain Security: With classidocs for blockchain, the company extends its expertise to the cryptocurrency arena. It offers protection mechanisms specifically designed to shield blockchain transactions, such as those associated with Ripple XRP, from inadvertent data exposure and leaks.
- Privacy Compliance Management: The Data443 Global Privacy Manager is a comprehensive platform that helps organizations mitigate risks related to consumer data and privacy breaches, establishing robust compliance and loss mitigation protocols.
- Access Control Technologies: The resilient access solution enables organizations to implement fine-grained access controls across multiple platforms, ensuring that data access is strictly regulated and securely managed.
- Communication Monitoring: With the Data443 Chat History Scanner, the company provides a tool to scan and analyze chat communications for compliance with security standards, including the identification of personally identifiable information and custom keywords that trigger alerts.
Significance in the Data Security and Privacy Sector
The operations of Data443 are firmly rooted in addressing the ever-evolving challenges of data security. In an era where digital content is a critical asset, the importance of robust security solutions cannot be overstated. Data443 differentiates itself by integrating compliance with privacy regulations into its suite of products, ensuring that organizations can adapt to the complex legal and technological environment. The company’s focus on both traditional data security (such as secure email and file management) and emerging needs (such as blockchain transaction protection) positions it uniquely in the marketplace.
Technology and Innovation
Data443 leverages cutting-edge, cloud-based architecture combined with advanced data analytics to deliver its services. By embedding comprehensive encryption methodologies, fine-grained access controls, and intelligent monitoring systems, the company supports organizations in preemptively addressing potential vulnerabilities. This level of technical expertise places Data443 among the companies that not only provide tools but also contribute to the broader discourse on cybersecurity best practices and data governance frameworks.
Regulatory Compliance and Data Governance
A key element of Data443’s offerings is its tailor-made approach to regulatory compliance. With increasing global emphasis on data protection, platforms such as classidocs ensure that organizations remain compliant with legislative mandates like the GDPR, CCPA, and LGPD. The integration of such compliance features into operational tools underscores the company’s dedication to bridging the gap between business efficiency and legal accountability.
Competitive Position
Within the competitive landscape, Data443's extensive suite of technologies is designed to meet a diverse range of security and regulatory needs. Unlike many solutions that focus solely on one dimension of data security, Data443 provides an end-to-end portfolio that encompasses data transport, secure communications, data retention, and even blockchain transaction security. This comprehensive approach is pivotal for organizations that require multi-layered security without the complexity of managing multiple vendors. The sophisticated nature of these platforms also demonstrates the company’s deep industry expertise and its commitment to delivering robust, scalable solutions in an increasingly interconnected digital world.
Investor and Stakeholder Insights
For stakeholders, understanding the operational framework of Data443 is essential. The company's methodology—centered on integrating data security with compliance and risk mitigation—offers insight into its long-standing approach to addressing organizational vulnerabilities. Each product is crafted to handle specific facets of the modern data security challenges, and together they form a cohesive strategy that is aligned with prevailing regulatory and technological trends. This methodical approach fosters an environment where risk is effectively managed through technology, positioning Data443 as a critical component in the digital economy’s infrastructure.
Conclusion
Overall, Data443 Risk Mitigation Inc (ATDS) stands as a multifaceted provider of security technology solutions, addressing a wide spectrum of data protection needs. Its detailed product suite showcases a deliberate effort to merge technological innovation with regulatory compliance, offering businesses a robust framework for risk mitigation. By utilizing a balanced mix of cloud-based solutions and targeted security measures, Data443 underlines its role in protecting digital assets and upholding data integrity in an increasingly complex technological landscape.
Data443 Risk Mitigation announced a 1-for-2,000 Reverse Stock Split effective July 1, 2021. The split reduces the company's outstanding shares from approximately 1.48 billion to about 741,945 shares. As per FINRA guidelines, the stock symbol will temporarily change to ATDSD for 20 business days before reverting to ATDS. CEO Jason Remillard expressed that this strategic move aims to make the stock more attractive and prepare the company for future growth, including a national stock exchange application.
Data443 Risk Mitigation (OTCPK: ATDS) announced an enhanced product bundle aimed at combating ransomware threats. The highlight includes the Data443 Ransomware Recovery Manager™, which uniquely protects and recovers sensitive data on infected devices. This bundle, starting at $69/user, combines three key products: Data443 Data Identification Manager™, Data443 Sensitive Content Manager™, and the Ransomware Recovery Manager™. As cyber threats escalate, this suite not only mitigates risks but also ensures compliance, offering businesses a comprehensive solution to safeguard their data and infrastructure.
Data443 Risk Mitigation has reported a robust Q1 2021, with total revenues soaring to $838,000, up 75% from $478,000 in Q1 2020. The company signed significant contracts, including a partnership with a major global merchant and a collaboration with Actian Corporation. They launched the Ransomware Recovery Manager, enhancing their product suite. Notably, Data443 retired over $10 million in derivative liabilities, strengthening its balance sheet. Despite a net loss of $2.18 million, a vast improvement from $10.18 million a year prior, the company remains optimistic about growth and client demand in a post-pandemic environment.
Data443 Risk Mitigation (OTCPK: ATDS) will host a business update webcast on April 19, 2021, at 4:30 PM ET. Investors can submit questions via email. The company provides a range of data privacy solutions, including sensitive content management and data archiving technologies. Their products comply with major data protection regulations, enhancing data security and privacy across local and cloud environments. More details can be found on their official website.
Data443 Risk Mitigation (OTCPK: ATDS) announces its sponsorship of the CISO Executive Network series on Data Governance, Protection & Privacy. CEO Jason Remillard highlights the importance of strong classification guidelines, especially during the pandemic, as demand for their solutions grows. The company shares success stories, including a recent deployment with a major bank in the Middle East, utilizing the Microsoft DKE framework. Data443 aims to enhance customer engagement through virtual presentations and is committed to helping organizations navigate privacy and security strategies.
Data443 Risk Mitigation (OTCPK: ATDS) announces a new contract with a major global merchant and payment processor, promising over $200,000 in revenue over the next year. This deal highlights Data443's secured transport technology and its relevance in the financial services sector. The company has recently launched the Data443® Ransomware Recovery Manager™, enhancing its data security offerings. This solution is designed to classify, encrypt, and recover data without yielding to extortion demands, positioning Data443 as a leader in data security.
Data443 Risk Mitigation (OTCPK: ATDS) announced the launch of its latest product, Data443 Ransomware Recovery Manager, responding to the rising global ransomware attacks. Designed for enterprises, this technology facilitates immediate system recovery post-infection, requiring no effort from IT staff or end users. The company emphasizes its product's role in minimizing downtime and protecting sensitive data. CEO Jason Remillard highlights the solution's relevance amid growing cybersecurity threats. The tool is currently available for immediate purchase.
Data443 Risk Mitigation (OTCPK: ATDS) has launched a free trial program for its email resiliency services in response to a significant hack impacting Microsoft Exchange, affecting over 60,000 organizations globally. This initiative aims to assist those affected by the breach and others interested in enhanced data privacy and security solutions. The company emphasizes the importance of robust data archiving and protection against vulnerabilities, especially related to email data management through its Data Archive Manager product. The limited-time offer includes access to their technology for assessing security vulnerabilities.
Data443 Risk Mitigation (OTCPK: ATDS) has announced a reverse stock split and a reduction in authorized shares to meet Nasdaq listing requirements. This move, approved by the Board and shareholders, aims for an uplisting by ensuring a closing bid price of at least $4.00 per share. The reverse split will be in a ratio between 1-for-10 and 1-for-2,000. Although the company expects compliance post-split, it acknowledges the uncertainty of meeting Nasdaq's criteria for listing.
Data443 Risk Mitigation has successfully completed the acquisition of the ArcMail data archiving platform after a two-year licensing agreement. This strategic move marks Data443's first acquisition of 2021, transferring full intellectual property rights and assets from ArcMail. The acquisition aims to enhance Data443's offerings in the data privacy and security sector, which is increasingly essential for various regulated industries. Jason Remillard, CEO, noted a seamless integration with zero associated costs, emphasizing the continued demand for ArcMail's solutions.
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