FAST-GROWING DATA443
HAS WHAT EVERY CYBERSECURITY COMPANY NEEDS – DATA443 USERS
CANNOT BE HELD RANSOM
July 16, 2021 -- InvestorsHub NewsWire -- via
BioResearch Alert --
-
DATA443 is a very
small microcap company with shares selling close to $5.00 and a
small number of outstanding shares estimated at about 750,000
supporting a market cap under $5 million in a
currently $165
Billion Cybersecurity
market
- DATA443 is the ONE AND ONLY
cybersecurity solution that prevents cybercrime victims from being
locked out of their computer and also prevents data from being
stolen
- DATA443 automatically encrypts data so hackers
are not able to use the stolen data rendering their efforts
worthless
- When hacked, DATA443 users only have to reboot
their computer and all data is automatically restored and computers
function normally
- The unmet need for DATA443 solutions is
enormous because the high rate of successful cyberattacks for
ransom indicates current solutions do not work well
enough
- DATA443 early sales are running at close to $4
million annually and appear positioned for what could be several
magnitudes of growth
- DATA443 just announced a new recurring 6 figure contract with
Fortune 500 company
Several better-known
cybersecurity companies such as
CRWD, OKTA,
SPLK,
PFPT, ZS and PANW have huge multi-billion-dollar market caps and
mountains of cash, but they continue to report big losses quarter
after quarter primarily due to extraordinarily heavy spends on
Sales & Marketing. Financial Filings report that these
companies are continuing to spend close to and in some cases over
half of their revenues to acquire customers. Examples pulled from
EDGAR Filings are shown in "Exhibits" at the end of this
article.
If these
Cybersecurity providers provide truly effective cybersecurity
solutions, why would they continue to have such high customer
acquisition costs? With so many large companies providing
Cybersecurity protection, why is it that losses from data breaches
and ransoms such as the recent Colonial Pipeline shutdown are more
frequent every day? Could it be that their solutions only work
marginally? This does not add up!
Facts speak loudly
for themselves . . . Current cybersecurity solutions are not
working well and are clearly not hack proof creating an
unmistakable and enormous unmet need for Cybersecurity THAT REALLY
WORKS!
DATA443 Risk
Mitigation, Inc. (OTCPK:
ATDSD), a leading data security and privacy software company
announced an enhanced product bundle for businesses of all sizes to
meet the growing risks of ransomware and virus infections affecting
every sector of business and
government.
This year, the
Company released its unique and game-changing Data443 Ransomware
Recovery Manager™- the ONLY product for enterprise that both
protects sensitive data from ransomware and recovers the device on
which it is operating. As attacks continue to proliferate in speed,
cost, and impact, the Company has released a new product bundle
that leverages the award-winning Data Identification Manager
(formerly ClassiDocs™) and the long-running leader in
secure content distribution – Data443 Sensitive Content Manager™ -
(formerly ARALOC™).
HIGHLIGHTS OF THE
ANNOUNCEMENT
- DATA443 is the ONLY IT Vendor to have a full
suite that protects, recovers data AND the
machine
- Drastically limits collateral damage on the
network
- Mitigates the risk of any extortion attempts
of stolen data
- Ensures greater privacy compliance and
enforcement with more robust policy
management
- Identification of all data types, then select
protection of assets in a rapid
fashion
WHY IT
MATTERS:
- Attacks, infections, and data extortion rates
continue to grow in sophistication, cost, and
frequency
- Time to Recovery (TOR) increases significantly – directly impacting
business continuity
Business insurance
costs are soaring as a direct result of cybersecurity breaches, in
many cases unavailable to many
businesses
Crucial national
security assets are under continued direct
risk
The sequence of
operations enabled by Data443's product line are consistent with
effective measures to stymie ransomware infections AND devalue any
extortion demands if data does get exfiltrated from the company
networks, no matter the method.
The following
products are bundled together at a starting price of $69/user:
(discounts apply for bulk
purchases)
Data443 Data
Identification
Manager™ is deployed to
analyze, classify and report on sensitive data on any network
servers, laptops or desktops, cloud or data
sticks.
Data443 Sensitive
Content Manager™ is deployed to
consume, encrypt and otherwise secure content that is above any
threshold the administrator sets, the data may reside within the
company networks, 100% encrypted.
Data443 Ransomware
Recovery Manager™ is deployed to
all servers, workstations, laptops and desktops and prepares the
machine in the event of an infection. This involves proprietary and
patent pending techniques – including data shapshots, protected
drive locations and other administrator defined parameters. It is
also able to be managed by Data Identification Manager for
protection of identified data.
Jason Remillard,
Data443's founder and Chief Executive Officer, commented, "These
three products work in concert – one to find the data, one to
encrypt the data, and one to recover the data. The icing on top –
is we also recover the device, thus enabling the business worker to
be back in action with a simple reboot, clean, infection-free and a
computer that is not spreading infections and working through the
network."
"Ransomware doesn't
have to be a liquidation event for a business. It doesn't have to
hurt people in a hospital. And it doesn't have to affect your
children in the schools or our people in service. We offer the most
rounded capability immediately available, in a proven, effective
and simple to deploy model that most organizations of any size can
deploy quickly from our cloud services infrastructure. Building on
our experience with the world's largest payment providers, over
60,000 privacy clients, 400,000 user experience publishers – we are
pleased to offer this timely and highly effective product bundle to
the marketplace. While spoken almost 40-years ago, the movie quote
is even more true today; Don't underestimate the power of
the DarkSide."
About Data443 Risk
Mitigation, Inc.
Data443 Risk
Mitigation, Inc. (OTCPK:
ATDSD), is an industry
leader in All Things Data Security™, providing
software and services to enable secure data across local devices,
network, cloud, and databases, at rest and in flight. Its suite of
products and services is highlighted
by:
(i)
Data443® Ransomware
Recovery Manager™, built for the
modern enterprise, its capabilities are designed to recover a
workstation immediately upon infection to the last known
business-operable state, without any end user or IT Administrator
efforts;
(II) Data
Identification Manager™ (previously
marketed as ClassiDocs™ and
FileFacets®), the Company's award-winning data
classification and governance technology, which supports CCPA, LGPD
and GDPR compliance in a Software-as-a-Service
(SAAS) platform that
performs sophisticated data discovery and content search of
structured and unstructured data within corporate networks,
servers, content management systems, email, desktops and
laptops;
(III) Data Archive
Manager™ (previously
marketed as ArcMail®), a leading provider of simple,
secure and cost-effective enterprise data retention management,
archiving and management solutions;
(iv) Sensitive
Content Manager™ (ARALOC™), a market
leading secure, cloud-based platform
for the management, protection and distribution of digital content
to the desktop and mobile devices, which protects an organization's
confidential content and intellectual property assets from leakage
— malicious or accidental — without impacting collaboration between
all stakeholders;
(V) Data Placement
Manager™ (previously
marketed as DATAEXPRESS®), the leading data transport,
transformation and delivery product trusted by leading financial
organizations worldwide;
(vi) Access Control
Manager™ (previously
marketed as Resilient Access™), enables fine-grained
access controls across myriad platforms at scale for internal
client systems and commercial public cloud platforms like
Salesforce, Box.Net, Google G Suite,
Microsoft OneDrive and others;
(VII) Data
Identification Manager™ (previously marketed as
ClassiDocs™) for Blockchain, provides an active
implementation for the Ripple XRP that protects blockchain
transactions from inadvertent disclosure and data
leaks;
(viii) Data443® Global Privacy Manager™, the privacy
compliance and consumer loss mitigation platform which is
integrated with Data Identification Manager to do the delivery
portions of GDPR and CCPA as well as process Data Privacy Access
Requests – removal request – with inventory enables the full
lifecycle of Data Privacy Access Requests, Remediation, Monitoring
and Reporting;
(IX) IntellyWP, a
leading purveyor of user experience enhancement products for
webmasters for the world's largest content management platform,
WordPress;
(X) Data443® Chat History Scanner, which scans chat
messages for Compliance, Security, PII, PI, PCI & custom
keywords; and
(xi) GDPR
Framework, The CCPA
Framework and LGPD
FrameworkWordPress plugins,
with over 30,000 active site owners combined, enables organizations
of all sizes to comply with European, California and Brazilian
privacy rules and regulations.
For more
information, please visit http://www.data443.com.
Conclusion
The fact that
cybersecurity breaches and ransoms are occurring at an
ever-increasing and alarming rate is an indication that a plethora
of current cybersecurity solutions are not effectively doing their
job as advertised. There are several very large
multi-billion-dollar cybersecurity companies that have one striking
trait in common which serves to confirm that their offerings are
not as good as what the market needs in order to protect against
cybercrime. That trait is that they are all suffering huge losses
because they are all spending most of their revenue on marketing to
buy customers. If their solutions worked well, they most likely
would not have to spend so much for customer acquisition. Another
trait every one of these huge cybersecurity companies has is that
they are all cash heavy. Put all these factors together and the
dots lead to the prediction that it is only a matter of time before
one of the big boys makes an offer to buy out DATA443. After
acquiring a solution that really works, (DATA443 is the ONLY
cybersecurity solution that truly prevents hackers from holding
victims ransom) customer acquisition costs could drop
precipitously and profitability which is the main goal of any
company could be realized. The stage is now set for rising prices
followed by a buyout in a year or
two.
Exhibits
SPLK Annual
Report filed with EDGAR
reports over half of all
revenue
is spent on Sales
& Marketing
CRWD Annual
Report filed with EDGAR
reports close to half of all
revenue is
spent on Sales &
Marketing
OKTA Quarterly
Report Filed with EDGAR
reports over half of all
revenues are
spent on Sales &
Marketing
ZS Quarterly
Report Filed with EDGAR
reports over half of all
revenues
are spent on Sales
& Marketing
PFPT Quarterly
Report Filed with EDGAR
reports close to half of all
revenues are
spent on Sales &
Marketing
PANW Quarterly
Report Filed with EDGAR
reports close to half of all
revenues are
spent on Sales &
Marketing
Forward-Looking
Statements
The statements
contained in this release that are not historical facts are
forward-looking statements as defined in the Private Securities
Litigation Reform Act of 1995. Words such as "may," "will,"
"could," "should," "expect," "plan," "project," "intend,"
"anticipate," "believe," "estimate," "predict," "potential,"
"pursuant," "target," "continue," and similar expressions are
intended to identify such forward-looking statements. The
statements in this press release that are not historical
statements, including statements regarding Data443's plans,
objectives, future opportunities for Data443's services, future
financial performance and operating results and any other
statements regarding Data443's future expectations, beliefs, plans,
objectives, financial conditions, assumptions or future events or
performance that are not historical facts, are forward-looking
statements within the meaning of the federal securities laws. These
statements are not guarantees of future performance and are subject
to numerous risks, uncertainties, and assumptions, many of which
are beyond Data443's control, and which could cause actual results
to differ materially from the results expressed or implied by the
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict, and include, without limitation, results
of litigation, settlements and investigations; actions by third
parties, including governmental agencies; volatility in customer
spending; global economic conditions; ability to hire and retain
personnel; loss of, or reduction in business with, key customers;
difficulty with growth and integration of acquisitions; product
liability; cybersecurity risk; anti-takeover measures in our
charter documents; and, the uncertainties created by the ongoing
outbreak of a respiratory illness caused by the 2019 novel
coronavirus that was recently named by the World Health
Organization as COVID-19. These and other important risk factors
are described more fully in our reports and other documents filed
with the Securities and Exchange Commission ("the SEC"), including
under (i) "Part I, Item 1A. Risk Factors", in our Registration
Statement on Form 10 filed with the SEC on January 11, 2019 and
amended on April 24, 2019; (II) "Part I, Item 1A.
Risk Factors", in our Annual Report on Form 10-K filed with the SEC
on March 23, 2021; and, (III) subsequent
filings. Undue reliance should not be placed on the forward-looking
statements in this press release, which are based on information
available to us on the date hereof. Except as otherwise required by
applicable law, we undertake no obligation to publicly update or
revise any forward-looking statements, whether because of new
information, future events, or
otherwise.
SOURCE: BioResearch
Alert
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