ONE OF THE WORLD'S LARGEST TELECOMS EXTENDS AGREEMENT TO USE DATA443® ACCESS CONTROL MANAGER™ PLATFORM
Extension Continues Passwordless Fine-Grained Access Controls with Box.net Services
RESEARCH TRIANGLE PARK, NC, July 19, 2021 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDSD - ATDS), a leading data security and privacy software company, is pleased to announce the successful contract extension for its Access Control Manager™ platform (formerly “Resilient Access for Box.net”) with one of the world’s largest cable TV, home internet and telephone providers.
Data443 will continue to provide its industry-leading passwordless and fine-grained access control platform. It will extend functionality across more cloud service providers throughout 2021 – a space in which Data443 holds several patents. Nearly 92% of businesses believe going passwordless is the future of data security1. As a result, passwordless access to services continues to gain strength as the preferred access method for many online service providers. A recent report estimated the global passwordless authentication market size to be USD $456.79 billion by 20302. Investment by private equity, venture capital, and significant global software firms in this space continues to gather strength as security and data breaches continue unabated.
Jason Remillard, Founder and CEO of Data443 commented, “The technology and services layer that we acquired last year is very exciting for us. Being data and privacy-centric, we immediately saw the incredible value our Access Control Manager framework brings to the marketplace. And, so do our customers! This major client continues to leverage our solution with Box.Net – one of the world’s leading data storage providers. The combination provides secure, fine-grained, and audit-compliant services that deliver capabilities unmatched by other solutions. We continue to invest in the framework and expect to expand this segment of our business in 2021.”
1 From Passwords to Passwordless. (2020, October). https://www.lastpass.com/-/media/cf6e9da7f3eb4df8b46d525b548ee7fc.pdf.
2 Passwordless Authentication Market Global Opportunity Analysis and Industry Forecast, 2020– 2030. (2021, August). https://www.nextmsc.com/report/passwordless-authentication-market.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), 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:
(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 Framework WordPress 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.
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.
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