Business
Data443 Reports Second Quarter and First Half 2023 Results and Provides Corporate Update
Data443 Reports Second Quarter and First Half 2023 Results and Provides Corporate Update.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\n RESEARCH TRIANGLE PARK, N.C., Aug. 17, 2023 (GLOBE NEWSWIRE) -- via IBN -- Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), a data security and privacy software company for \"All Things Data Security,\" today announces operating results for the second quarter and first half of 2023. Business Accomplishments and Highlights in the First Half of 2023: Identified as a sample vendor in the \"Data Discovery\" category in the 2023 Data Security, Privacy, and Storage and Data Protection Technologies Gartner® Hype Cycle™ Reports.Data443’s Ransomware Recovery Manager named \"Best of Inexpensive Protection\" and \"Best for Kiosks\" in \"The Best Ransomware Protection for 2023.\"Data443® Antivirus Protection Manager™ received VB100 certification.Achieved a 98% customer renewal rate. Acquisitions Entered into a definitive agreement to acquire select assets from Cyren Ltd. (\"Cyren\"), specifically, Cyren's proprietary technology and intellectual property related to threat intelligence, URL categorization and email security services. The Company believes the transaction, which is expected to close in the third quarter of 2023, will enable Data443 to enhance its existing product portfolio and accelerate the development of next-generation solutions. Contracts Secured an additional contract win from one of its largest fintech clients, which processes over 75 billion transactions amounting to more than $9 trillion annually.Secured an additional contract win with a long-time, multinational fintech client that provides payment technology and services to merchants, issuers and consumers, annually transferring over 10 million sensitive files for thousands of partners.Secured an additional contract win worth $484,000 from one of the 'Big Four' U.S.-based banks. Product Updates Released the latest update to its award-winning Ransomware Recovery Manager product offering, which includes advanced features designed to help businesses and individuals quickly and easily recover from ransomware attacks.Added antivirus and ransomware protection to its Enhanced File Transfer/Managed File Transfer (EFT/MFT) solution, Data Placement Manager (DPM). Data443's DPM securely processes thousands of sensitive data files on an hourly basis for its clients around the globe, with clients experi...