PALM BEACH, FL -- August 11, 2020 -- InvestorsHub NewsWire
-- via FinancialNewsMedia.com -- The global data protection
market has actually been growing because of the recent global
pandemic. A recent report from ResearchAndMarkets said that: "With
the sudden outbreak of pandemic COVID-19 disease, the world is
affected, majority of the businesses are shut down and operations
across different enterprises are also compromised. This has made
organizations to work in a non-optimized manner because of which
many organizations are looking for ways to improve their
operational efficiencies, overall productivity and are looking for
innovative ideas & solutions to improve the revenue. This in
turn has increased the susceptibility of cyber attacks and data
breaches within the organizations. This in turn has facilitated the
use of data protection solutions thereby driving the market growth
through 2025." Their report projected that:
"The Global Data Protection Market is expected to grow at a
formidable rate of around 10% during the forecast period (2019 to
2025). The Global Data Protection Market is driven by the growing
volume of data being generated across the various end-user
industries…" Active Companies from around the market with
recent developments this week include: Data443 Risk
Mitigation, Inc. (OTCPK:
ATDS), Fortinet® (NASDAQ: FTNT), Check
Point Software Technologies, Ltd. (NASDAQ: CHKP), FireEye,
Inc. (NASDAQ: FEYE), Palo
Alto Networks (NYSE: PANW).
"This large data requires solutions to monitor, manage and
protect this data. This in turn is expected to positively influence
the market growth through 2025. Additionally, growing concerns
regarding cyber security, rising concerns of critical data loss and
protection from malwares, ransomwares, among others is further
expected to fuel the market growth. Furthermore, increasing
expenditure by various governments and organizations on security
solutions and growing concerns over breach of important data is
expected to create lucrative opportunities for the market growth
over the next few years." The report concluded: "The Global
Customer Data Platform Market is driven by the increasing need to
enhance customer satisfaction, retention and engagement for
improving the overall customer experience. Additionally, growing
need to determine, understand and track customer behavior is
further expected to propel the market growth through 2025."
Data443 Risk Mitigation, Inc. (OTCPK:
ATDS) BREAKING
NEWS: DATA443 REPORTS RECORD SECOND
QUARTER RESULTS: 80% INCREASE IN NET BILLINGS - RECORD SURGE IN NET
BOOKINGS - Data443 Risk Mitigation, a leading data
security and privacy software company, record operational and
financial results for its second quarter (ended June 30,
2020), and for its first half of fiscal year 2020.
Management Commentary - Jason Remillard, CEO of Data443,
commented, "Today's results for the first half of 2020 truly
highlights the strength of our team, the quality of our product
offerings, and the priority positioning of our industry. Even in
this challenging and unprecedented time of pandemic, we have proven
that we continue to serve our clients and grow our business,
highlighting the urgency and value of our technology offerings. Our
name brand global multinational clients, as well as our regular mom
and pop clients, rely on Data443 for their most sensitive and
important data privacy needs. Our performance is strong evidence of
the important role we play in the security and success of our
clients."
"We have continued to execute on our business plan, building
momentum on both sales and product development. We secured new
contracts with the Pittsburgh Steelers and the Miami Dolphins,
opening a Company initiative to expand our offerings to sports
teams. We also successfully launched our Zoom Chat Privacy canner
and our WordPress Privacy Badge, both of which have shown great
momentum for us in the early going. We anticipate that customer
growth overall will continue to improve as more data-driven demands
shift from central offices to more home and remote-based work
settings."
"For the greater part of 2020, we have dedicated significant
time and resources to build our internal infrastructure, including
our Data Center capabilities and direct to consumer capabilities.
We continue to realize the benefits of product and technology
investments made in 2018 and 2019. This is reflected in our
continued growth of our deferred revenues, and our continued
extinguishment of short and long-term debt. Our advanced
infrastructure will scale to ensure we can service our continued
expanding client base. We look forward to building on our
relationships with ZM and the NFL – in conjunction with our
existing financial and public services, government and cloud
service providers. As we start the second half of 2020, our new
advisory board member will continue to have special significance
for us, and is already garnering benefits with analysts and
customers alike."
"I will be holding a business update conference call
on Wednesday, August 12th at 4:30PM ET to
provide greater detail on our plans for the rest of 2020 and going
forward. I believe that Data443 is in the best positioning of its
relatively short history, and we have an impressive story to tell,"
concluded Mr.
Remillard.
Data443 will host a business update conference call
on Wednesday, August 12th at 4:30PM ET. Investors
and other interested parties may submit their questions ahead of
time by emailing Investor Relations at ir@data443.com – Online registration is available
at: https://us02web.zoom.us/webinar/register/WN_WEsSfumvRuiaejOENugF1w
Read this full press release for ATDS
at: https://data443.com/pr-data443-reports-record-second-quarter-results-2020/
In the industry developments and happenings in the markets
include:
Check Point Software Technologies,
Ltd. (NASDAQ: CHKP),
a leading provider of cyber security solutions globally and
Cybersecurity Insiders, the comprehensive source for everything
related to cybersecurity, have recently released the
results of their global 2020 Cloud Security Report, highlighting
the challenges faced by enterprise security teams in protecting
data and workloads in their public cloud deployments.
The report shows that public cloud security continues to be a
major challenge: 75% of respondents stated they were 'very
concerned' or 'extremely concerned' about it. The challenge is made
more complex as 68% said their organizations used two or more
different public cloud providers, which means that security teams
often have to use multiple native security tools and management
consoles to try and enforce security and compliance across the
different environments.
"The Report shows that organizations' cloud migrations and
deployments are racing ahead of their security teams' abilities to
defend them against attacks and breaches. Their existing
security solutions only provide limited protections against cloud
threats, and teams often lack the expertise needed to improve
security and compliance processes," said TJ Gonen, Head of
Cloud Product Line, Check Point Software. "To close these
security gaps, enterprises need to get holistic visibility across
all of their public cloud environments, and deploy unified,
automated cloud-native protections, compliance enforcement and
event analysis. This way, they can keep pace with the needs of the
business while ensuring continuous security and compliance."
FireEye, Inc. (NASDAQ: FEYE),
the intelligence-led security company, recently
announced financial results for the second quarter
ended June 30, 2020. "The steps we have taken to
accelerate our transformation to a security-as-a-service company
resulted in record second quarter revenue and our highest ever
non-GAAP profitability," said Kevin Mandia, FireEye chief
executive officer. "Growing adoption of our validation platform,
cloud-based security products and intelligence solutions, combined
with improved net retention in our appliance-based security
controls business, drove annualized recurring revenue to record
levels."
"Cyber security remains a top spending priority for
organizations worldwide, and the uncertainty of the current
environment is creating opportunities for solutions that allow
customers to purchase exactly what they need, when they need it,"
added Mandia. "We know more about cyber threats and threat actors
than any other company in our industry, and we continue to invest
in solutions that make our knowledge and expertise available on
demand and immediately actionable for our customers."
Fortinet (NASDAQ: FTNT) recently said: ""Fortinet
continues to push the boundaries of hardware-accelerated
performance to enable the convergence of security and networking –
what we call Security-driven Networking. The FortiGate 4400F
Network Firewall delivers unprecedented scale and performance that
is up to 13 times better than comparable products. As the only
network firewall capable of securing hyperscale data centers and 5G
networks, FortiGate 4400F leads the industry in what is possible
for data center security."
Today's most digitally innovative organizations face escalating
and often unpredictable capacity needs that are quickly outpacing
their security solution's performance capabilities. As a result,
security has become the choke point for traffic entering and
exiting most hyperscale data centers, adversely affecting user
experience, and bringing productivity to a crawl, causing many
network admins to feel pressured by business demands to forego
security safeguards. Allowing all traffic to flow freely into and
out of an organization's network without security opens
organizations up to the risk of cyberattacks, which can severely
damage their brand reputation and cause potential loss in revenue
due to extended downtime. While many organizations have
successfully deployed hyperscale network architectures, achieving
hyperscale security has been a significant challenge. To-date, some
vendors claim to implement hyperscale security through multiple
firewalls orchestrated together to achieve a hyperscale
architecture, which has proven to be cumbersome and expensive."
Palo Alto Networks (NYSE: PANW), the global
cybersecurity leader, recently announced it
has been named a Leader of The Forrester Wave™: Enterprise
Firewalls, Q3 2020 and received the highest score in the strategy
category. Palo Alto Networks was among the 11 vendors that
Forrester evaluated for its Forrester Wave™: Enterprise Firewalls,
Q3 2020 report.
Palo Alto Networks received the highest possible score in 17
evaluated criteria, including usability, threat intelligence,
automated malware analysis, ICS/OT/IoT, IDS/IPS, and a dozen
more. "Palo Alto Networks created the first Next-Generation
Firewall (NGFW) more than a decade ago and have continued to keep
our customers ahead of fast-evolving threats in the years since.
More recently, we disrupted the market again with our announcement
of the world's first Machine Learning-Powered NGFW. With increasing
attack surfaces that include hybrid clouds, remote workers, IoT
devices and more, it's all the more important that we provide
customers with complete visibility while protecting them from the
threats of today and tomorrow," said Anand Oswal, Senior Vice
President and General Manager, Firewall as a Platform, Palo Alto
Networks. "Today we're particularly honored to be recognized by
Forrester, which from our perspective is not only for our market
and technology leadership, but also for having the strategic vision
to protect our customers in the future."
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