- With work habits and corporate IT practices having undergone dramatic changes since 2020, data security has increasingly emerged as a corporate priority.
- Over 83% of U.S. organizations have suffered from one or more data breaches in recent years, making data security strategies more important than ever before.
- Data443 Risk Mitigation addresses the growing wave of demand through a broad product suite of products designed to help with all things data security.
The onset of the global pandemic in 2020 led to “The Great Migration” – from the office, to working from home. While working from home created an improved work-life balance, increased lifestyle flexibility, and eliminated the commute – it also carried with it a host of cyber security concerns. With employees increasingly relying upon personal networks and personal devices, data security has become a key priority amongst corporations around the globe.
Data443 Risk Mitigation (OTC: ATDS), a data security and privacy software company, has focused its corporate mission around data risk mitigation, providing companies with the necessary software and services required to secure their data across devices and databases. Today and with over 10,000 customers across over 100 countries, Data443 enables its client base to prioritize risk, identify security gaps, and implement effective data protection and privacy management strategies through the provision of a broad and comprehensive product suite.
The Data443 product suite seeks to deliver a multitude of solutions designed to help all customer levels securely manage their data and data privacy needs. These include Data Identification Manager, used to inventory and classify all firm data; Data Placement Manager, assisting employees to quickly and securely transfer sensitive data across public and private networks; Global Privacy Manager, providing organizations with a single, comprehensive view across all of their enterprise data simultaneously; as well as Ransomware Recovery Manager, a unique industry solution allowing for a corporation to recover a device, operating system and proprietary data in the unfortunate event of any external data breaches.
A recent study found that 83% of all U.S. organizations have suffered from one or more data breaches, with the average cost of a data breach touching a high of $9.44 million as of 2022 (https://ibn.fm/SRN4G). With ever increasing financial and reputational repercussions now attached to data breaches, as well as the increased prevalence of remote working and cloud-based data storage, protecting corporate data to prevent future mishaps has become a major priority. A 2022 survey by Gartner found that over 30% of enterprises are planning to adopt data security platforms by 2024, up from less than 5% in 2019.
“The explosion of ransomware, zero-day attacks, third-party breaches, along with long-term remote work concerns and the integration of operational technology with IT systems have culminated into a crisis of confidence for IT security leaders” – IDG Security Priorities Study 2021 (https://nnw.fm/1KZnQ).
With the global data security market set to swell to an annual value of $54.23 billion by 2027, representing a CAGR of over 18% between 2021-2027, data security has emerged as one of the fastest growing areas within the global IT market. As a key early mover within the sector and having recently undertaken a series of measures designed to help fuel their future growth trajectory, Data443 finds itself well positioned to support within an industry that continuously grows as technology becomes more intricate.
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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