- As the world becomes increasingly digital, cyber threats abound with the cost of cybercrime predicted to hit $10.5 trillion by 2025
- The global cyber security solutions market is projected to grow from $155.83 billion in 2022 to $376.32 billion by 2029, exhibiting a CAGR of 13.4% during the forecast period
- Data443 Risk Mitigation offers both comprehensive and a la carte solutions for companies to mitigate cybersecurity risks
- PC Magazine named Data443’s Ransomware Recovery Manager as “Best for Inexpensive Protection” and “Best for Kiosks” in its “The Best Ransomware Protection for 2023” list
Our increasing global dependence on digital infrastructure is a double-edged sword. While benefits like improved efficiencies, technological innovation and economic growth propel the transformation forward, it has also created a myriad of opportunities for cybercriminals. An expensive ecosystem is emerging, one where progressively digital enterprise and their adversaries are in a relentless pursuit to develop new technologies to defeat the other.
Data443 Risk Mitigation (OTC: ATDS) is the only cybersecurity vendor in the market that delivers a full ransomware recovery platform that is priced roughly the same as its competitors’ Anti-Virus technologies. Recovering from a wide attack, organizations of any size can simply ‘reboot to restore’ the server, laptop, or desktop computer in seconds. Adding in its capability to understand over 1,300 sensitive data types, in 45 languages – in the cloud and at home – the company can help organizations of any size reach their data protection goals.
Indeed, according to its published Investor Presentation – thousands of organizations trust the company with their most sensitive assets, daily. In many cases, these clients have been fervent supporters of Data443 for decades, including the “who’s who” of the Fintech space, nearly every branch of the DoD and numerous public instructions like state and local educational facilities. The company has grown from a starting point of zero in late 2017, adding 9 acquisitions to its growing software portfolio and a client base that is envious. Adding in over 400,000 open-source client organizations – you have a brand and capability that is unmatched in today’s complex, expensive and siloed technology sets.
Managing cyber security risks has garnered attention of the Biden-Harris administration, who, on March 2, introduced their new National Security Strategy, expanding on existing cyber security efforts. Despite the looming threat of data breaches and the problem hitting crisis levels, Data443’s most recent investor presentation states only 30% of enterprises will have data security platforms implemented by 2024. Reflecting upon the state of the industry in a recent press release, Data443 founder and CEO Jason Remillard commented, “I am often reminded by CISOs worldwide that they continue to be hit with ransomware and malware, and it’s not slowing down. Many are still very uncomfortable with their current security stance, and continue to focus time, energy, and budget to shoring up defenses.”
For modern enterprises, the best defense against cybercrime is a proactive offense. That means fixing bugs and weaknesses, like malware, outdated software, encryption issues, and cross-site scripting problems, before they can be exploited. Gartner predicts that by 2025, 70% of CEOs will mandate a culture of organizational resilience to survive coinciding with cybercrime and alternative threats.
Driven by the upswing in cyberattacks, the global cyber security solutions market is projected to grow from $155.83 billion in 2022 to $376.32 billion by 2029, exhibiting a CAGR of 13.4%. As tech innovators race to combat cyber adversaries, solutions providers like Data443 are climbing into the ring with cutting-edge offerings.
Data443 provides comprehensive solutions for companies of all sizes to launch or augment cyber security frameworks and mitigate the risk of cyber threats. The North Carolina-based headquartered in the tech-centric Research Triangle Park offers a “stack” approach that offers clients complete packages or the opportunity to pick services a la carte. Recently expanding its headquarters in July 2022, the company is the first tenant to move into the billion-dollar plus ultra-high tech and nationally recognizes ‘The Hub’ slated for completion in 2024.
Included in those offerings is Data443’s Ransomware Recovery Manager (RRM) that in March was named by PC Magazine as “Best of Inexpensive Protection” and “Best for Kiosks” in its “The Best Ransomware Protection for 2023” list. RRM is the only reboot-to-restore offering that recovers the operating system and all data files.
While cybercrime certainly doesn’t appear to be slowing down, there is a massive movement to combat these threats and a burgeoning market for cyber security solutions in this evolving ecosystem. The company also offers free trials of all its solutions available through the website.
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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