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Data443 is well positioned to take advantage of this
Continued increase in the IT security burden imposed on businesses
RESEARCH TRIANGLE PARK, NC, November 6, 2020 (GLOBE NEWSWIRE) – Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data protection and privacy software company , provided an update on the California Privacy Rights and Enforcement Act (“CPRA”), passed by California voters on November 3, 2020. The CPRA is a new law in the state of California that expands consumer data privacy by requiring businesses to provide consumers with the ability to opt out of the collection of sensitive personal information collected and also requires companies to refrain from sharing users’ personal information, if required. The CPRA expands, modifies and increases the protections offered by the California Consumer Privacy Act (CCPA), which was adopted on January 1, 2020, with enforcement actions initiated in July 2020.
Jason Remillard, CEO of Data443, provided the following insights and comments: “The CPRA creates an even greater cybersecurity burden for businesses than the CCPA. The new law is arguably the strictest consumer data privacy law in the world. our country, which imposes stringent legal requirements on how companies collect and share consumer data. It also establishes a new state agency (with a budget of $ 10 million per year) to implement and enforce the CPRA. In short, the CPRA places a greater duty on companies to provide reasonable security for sensitive data, with penalties for violations, including emails and passwords.
“People have the right to their personal data and the right to protect it. Under the CPRA, companies must allow these rights by protecting personal data and providing consumers with access to their personal data. As is Data443 All Things Data Security ™, we already automatically support all aspects of the CPRA for our customers. Our diverse and unrivaled product feature set protects third-party email, documents, databases and services – in the cloud, in your office or remotely at your employees’ home office.
“The CPRA is very similar to the European GDPR law, for which Data443 has a proven solution: Data443® Global Privacy Manager, the platform for privacy compliance and consumer loss reduction integrated with our ClassiDocs® platform. Additionally, nearly 40,000 companies already use our world-leading WordPress GDPR framework on a daily basis to secure their businesses and support their customers for GDPR requests. Under the CPRA, consumers have the right to know the categories of information collected and can even see specific information a company has about them, such as email or address. Consumers can also order companies not to “sell” their data to other companies and “give up”, as well as order any company that has collected their data and anyone who has shared that data to delete it from their records. . This is the so-called “opt-out” provision.
“What does this mean for Data443? It means more business opportunities for us, because this is what we do. Because the CPRA holds companies responsible for ensuring that data shared with third parties or suppliers is properly deleted upon request, as well as protecting the data, these companies will need our products, services and expertise.
“The CPRA is the continuing and inevitable maturation of global privacy policies. Every jurisdiction in the world is experiencing this. It is not possible to provide solutions for this market without a broad, mature and combined product offering that covers all types of data, in all locations, in all types of formats handled by all types of relationships. Companies are ultimately responsible for the custody and management of this personal information, and this represents a big change in the way that information has been handled in the past.
“Companies are now recognizing this new skill or capability as a competitive differentiator. The ability to provide, manage and properly accompany a customer through a privacy request scenario minimally becomes a competitive differentiator and, in many cases, a situation of serious customer loyalty.
“Just like in the days when telecommunications did not provide detailed billing of their services on a monthly basis – customers naturally switched to service providers who were more transparent with their services and offerings – such as detailed billing of each call and cost of the service – dragging the whole industry along with it. We’ve built privacy compliance along the same path and continue to do so.
“Nearly 100% of our existing customer base has an existing privacy management or compliance program actively in place, with the same or greater board-level visibility as information security or other serious board-level programs. . “
Information on Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS), is the de facto industry leader in data privacy solutions for All Things Data Security ™, providing software and services to enable protected data on local devices, networks, clouds and databases, at rest and in flight. Its suite of products and services is highlighted by: (i) ARALOC™, which is a market-leading secure, cloud-based platform for managing, protecting and delivering digital content on desktop and mobile devices, which protects an organization’s confidential content and intellectual property assets from loss – harmful or accidental – without affecting the collaboration between all interested parties; (ii) DataExpress®, the leading data transport, transformation and delivery product trusted by leading financial organizations around the world; (iii) ArcMail™, which is a leading provider of simple, secure, and affordable email and business management and archiving solutions; (iv) ClassiDocs® the company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; (v) ClassiDocs® for Blockchain, which provides an active implementation for Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (vi) Data 443® Global Privacy Manager, the platform for privacy compliance and consumer loss reduction integrated with ClassiDocs® to perform the GDPR and CPRA (formerly, CCPA) delivery portions as well as process data privacy access requests – removal request – with ClassiDocs inventory™; (vii) Resilient AccessTM, which enables granular access controls across a myriad of large-scale platforms for internal client systems and commercial public cloud platforms such as Salesforce, Box.Net, Google G Suite, Microsoft OneDrive, and others; viii) Data 443™ Chat History Scanner, which analyzes chat messages for compliance, security, PII, PI, PCI, and custom keywords; (ix) the CPRA Framework WordPress plugin, which allows organizations of all sizes to comply with the CPRA privacy framework; (x) FileFacets ™, a Software-as-a-Service (SaaS) platform that performs sophisticated data discovery and searches for structured and unstructured data content within corporate networks, servers, content management systems, and -mail, desktop and laptop; and (xi) the WordPress GDPR Framework plugin, with over 30,000 active users and over 400,000 downloads, allows organizations of all sizes to comply with the GDPR and other privacy frameworks. For more information, visit http://www.data443.com.
Forward-Looking Statements
Statements 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”, “may”, “should”, “expect,” “Plan” , “project”, “intend”, “anticipate”, “believe”, “estimate”, “foresee”, “potential”, “compliant”, “objective”, “continue” and similar expressions are intended to identify such forward-looking statements . Statements contained in this press release that are not historical statements, including statements regarding the plans, objectives, future opportunities for Data443’s services, future financial performance and operating results, and any other statements regarding the expectations, beliefs, Data443’s plans, objectives and financial conditions, future assumptions or events or performance that are not historical facts, are forward-looking statements within the meaning of 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 in 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, the results of disputes, agreements and investigations; actions of third parties, including government agencies; volatility in customer spending; global economic conditions; ability to hire and retain staff; loss or reduction of business with key customers; difficulties with the growth and integration of acquisitions; product liability; cyber security risk; anti-takeover measures in our charter documents; and the uncertainties created by the ongoing outbreak of a respiratory disease caused by the new coronavirus of 2019 that was recently named by the World Health Organization as COVID-19. These and other important risk factors are described in more detail in our reports and other filings with the Securities and Exchange Commission (“the SEC”), including (i) “Part I, Item 1A. Risk Factors”, in our Form 10 Registration Statement filed with the SEC on January 11, 2019 and amended on April 24, 2019; (ii) “Part I, point 1A. Risk Factors “, in our annual report on Form 10-K filed with the SEC on April 17, 2020; and (iii) subsequent filings. Undue reliance should not be placed on the forward-looking statements contained in this press release, which are based on information available to us as of the date of this document Unless otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, due to new information, future events or otherwise.
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