- Expanded digitization of personal and business transactions creates valuable data repositories, leading to increasing ransomware attacks as the value of data increases
- A ransomware attack breaches a system, locks data, and paralyzes an organization until a payment is made
- Data 443’s Ransomware Recovery Manager Home and Enterprise edition recovers data with a simple reboot
- Data443 provides suite of SaaS solutions that covers “All Things Data”, provides ancillary services to large organizations
Increased digitization of human activities is creating massive troves of data, creating new opportunities for cybercriminals. One lucrative method — known as a ransomware attack — breaches the system, locks the data, and effectively paralyzes the organization until a payment is made.
In 2021, the FBI’s Internet Crime Complaint Center (“IC3”) received 3,729 ransomware complaints with adjusted losses of more than $49.2 million (https://ibn.fm/klS1Y). According to FBI Supervisory Special Agent Michael Sohn, data backup and encryption is critical “so you could access it even if the criminals steal it and take it away.”
Data443 Risk Mitigation (OTC: ATDS), the “All Things Data Security” software company, takes that strategy a leap forward with its Ransomware Recovery Manager(TM), the only industry-guaranteed virus and ransomware product that recovers data from devices with a simple reboot.
RRM’s Home edition protects information systems with a 3-part approach that scans, protects, and recovers data. First, RRM scans to find sensitive data, moves it to a secure location, and encrypts the information to reduce the device’s risk profile. Next, the application leverages protection measures that take immediate action during a ransomware attack to neutralize long-term effects. Finally, RRM reboots the machine to restoration, rendering the attack completely ineffective. For a multi-user installation, RRM’s Enterprise edition provides an instantaneous full device (and data) recovery with their restore technology.
Protecting data is just one aspect of a robust data security and management strategy. Data443 provides additional solutions in its SaaS portfolio that allow organizations to organize, transfer, archive, and classify digital assets in a fully secure and compliant environment.
Data443’s Data Identification Manager automatically inventories, classifies, and tags data in all repositories, and Data Placement Manager quickly and securely transfers sensitive data over any public or private network. Data Archive Manager handles and manages all types of privacy requests across cloud, on-premises, and hybrid environments, and Data Hound(TM) enables quick scans, detailed reporting, and other data actions based on policy. Rounding out the company’s offerings are access and privacy-based applications that include Access Control Manager, Global Privacy Manager, and Sensitive Content Manager.
Demand for data security solutions is growing. According to an Allied Market Research report, the global big data security market was worth $13.7 million in 2019 and is projected to reach $54.2 million by 2027 at a CAGR of 18.8% (https://ibn.fm/H1uKD). Fortune Business Insights also projects significant industry gains, estimating that the global data privacy software market will expand from $2.76 billion in 2023 to $30.31 billion by 2030 at a CAGR of 40.9% (https://ibn.fm/vbVh6).
Data443 is strongly positioned to capture a significant market share of this hyper-growth industry. In addition to offering subscriptions to its data security and management SaaS platforms, the company also focuses on expanding its ancillary services to large organizations, including banks, insurance, and rating agencies.
Data443 Risk Mitigation, Inc. (ATDS) Investor Relations
Matthew Abenante
ir@data443.com
919-858-6542
For more information, visit the company’s website at https://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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