RESEARCH TRIANGLE PARK, NC -- November 06, 2020 --
InvestorsHub NewsWire -- Data443 Risk Mitigation, Inc. (‘Data443’
or the ‘Company’) (OTCPK:
ATDS), a leading data security and privacy software company,
provided an update on the California Privacy Rights and Enforcement
Act (‘CPRA’), approved by California voters on November 3rd, 2020.
The CPRA is a new California state law that expands consumer data
privacy, obligating businesses to provide consumers with the
ability to opt-out of the collection of sensitive personal
information collected, and further requires businesses to refrain
from sharing the personal information of users, if requested. The
CPRA expands, amends, and increases the protections afforded by the
California Consumer Privacy Act (CCPA), which was adopted January
1, 2020, with enforcement actions initiated in July 2020.
Jason Remillard, CEO of Data443, provided the following insights
and commentary, “The CPRA creates an even bigger cybersecurity
burden for businesses than the CCPA. The new law is undoubtedly our
country’s strictest consumer data privacy law, imposing stringent
legal requirements on how businesses collect and share consumer
data. It also establishes a new state agency (with a $10 million
per year budget) to implement and enforce CPRA. In short, the CPRA
imposes an increased duty on businesses to provide reasonable
security for sensitive data, with penalties for breaches including
for emails and passwords.
“People have a right to their personal data, and the right to
protect it. Under the CPRA, businesses must enable those rights by
protecting personal data and providing consumers with access to
their personal data. As Data443 is All Things Data
Security™, we already support all facets of
the CPRA for our clients
automatically. Our diverse and
unmatched product feature set protects emails, documents,
databases, and third-party services – in the cloud, in your own
office or remotely at your employees’ home office.
“The CPRA is very similar to Europe's GDPR law, for which
Data443 has a proven solution - Data443® Global
Privacy Manager, the privacy compliance and consumer loss
mitigation platform which is integrated with our
ClassiDocs® platform. Additionally, almost 40,000
businesses already utilize our world leading WordPress GDPR
Framework daily to protect their businesses and support their
customers for GDPR requests. Under the CPRA, consumers are entitled
to know the categories of information collected and can even see
the specific bits of information a company has on them, such as
their email or address. Consumers can also order companies to not
“sell” their data to other companies, and “opt-out” from well as
order any company that has collected their data, and anyone the
company has shared that data with, to delete it from their records.
This is the so-called “opt-out” provision.
“What does this mean for Data443? It means greater commercial
opportunities for us, because this is what we do. Since the CPRA
holds companies responsible for ensuring that data it has shared
with third parties or vendors is properly deleted upon request, in
addition to protecting the data, these companies will need our
products, services, and expertise.
“The CPRA is the continued and inevitable maturation of global
privacy policies. Every jurisdiction in the world is experiencing
this. One cannot provide solutions for this marketplace without a
wide, mature, and combined product offering that covers all types
of data, in all locations, in all sorts of formats managed by all
sorts of relationships. Businesses are ultimately responsible for
the stewardship and management of this personal information, and
this represents a great shift in the way information has been
managed in the past.
“Businesses are now recognizing this new ability or capability
as a competitive differentiator. The ability to properly deliver,
manage and journey a customer through a privacy request scenario
becomes minimally a competitive differentiator – and in many cases
– a situation of serious customer retention.
“Much like in the days when telecoms didn’t provide detailed
billing of their services on a monthly basis – customers naturally
migrated to service providers that were more transparent with their
services and offerings – like detailed billing of every call and
service charge – dragging the whole industry along with
it. We have anticipated privacy compliance following
the same path, and it continues to do so.
“Nearly 100% of our existing customer base has an existing
privacy compliance or management program actively in place – having
the same or more visibility at the board level as information
security or other serious programs at the board level.”
About 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 secure data across local devices,
network, cloud, 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 the
management, protection and distribution of digital content to the
desktop and mobile devices, which protects an organization’s
confidential content and intellectual property assets from leakage
— malicious or accidental — without impacting collaboration between
all stakeholders; (ii) DataExpress®, the leading data
transport, transformation and delivery product trusted by leading
financial organizations worldwide; (iii) ArcMail™, which
is a leading provider of simple, secure and cost-effective email
and enterprise archiving and management 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 the Ripple
XRP that protects blockchain transactions from inadvertent
disclosure and data leaks; (vi) Data443® Global
Privacy Manager, the privacy compliance and consumer loss
mitigation platform which is integrated with
ClassiDocs® to do the delivery portions of GDPR and
CPRA (previously, CCPA) as well as process Data Privacy Access
Requests – removal request – with inventory by
ClassiDocs™; (vii) Resilient AccessTM, which
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; viii) Data443™ Chat History
Scanner, which scans chat messages for Compliance, Security, PII,
PI, PCI & custom keywords; (ix) the CPRA Framework WordPress
plugin, which enables 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
content search of structured and unstructured data within corporate
networks, servers, content management systems, email, desktops and
laptops; and (xi) the GDPR Framework WordPress plugin, with over
30,000 active users and over 400,000 downloads it enables
organizations of all sizes to comply with the GDPR and other
privacy frameworks. For more information, please
visit http://www.data443.com.
Forward-Looking Statements
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 17 April 2020;
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.
The Data443® logo,
ClassiDocs® logo, ARALOC™ logo and
DataExpress® are registered trademarks of Data443
Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are
property of their respective owners. All company, product and
service names used in this website are for identification purposes
only. Use of these names, trademarks and brands does not imply
endorsement.
All other trademarks cited herein are the property of
their respective owners.
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Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
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