DPM Bolsters Existing Capabilities within Leading Fintech Enhanced File Transfer/Managed File Transfer (EFT/MFT) Solution
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), a data security and privacy software company for “All Things Data Security,” today announces the addition of antivirus and ransomware protection to its Enhanced File Transfer/Managed File Transfer (EFT/MFT) solution, Data Placement Manager (DPM). These additions are powered by the Company’s Ransomware Recovery Manager (RRM), named “Best for Inexpensive Protection” and “Best for Kiosks” by PC Mag (PC Magazine Selects Data443’s Ransomware Recovery Manager as One of the Best Ransomware Protections for 2023 – InvestorWire (IW)).
Today’s announcement follows a recent flurry of customer renewals and additional contract wins for the company’s EFT/MFT solution from long-time clients within the fintech sector. Data443’s DPM securely processes thousands of sensitive data files on an hourly basis for its clients across the globe, with clients experiencing as much as 99.999% uptime.
“Sensitive data interchange between organizations continues to grow in volume and sensitivity,” said Jason Remillard, Data443’s CEO and founder, “creating a more dangerous risk environment. Cybercriminals relentlessly identify an organization’s active software stack and exploit undisclosed vulnerabilities immediately. What’s worse, when vulnerabilities become public knowledge, many organizations lag in making the necessary updates and fixes. That’s why we believe organizations should always plan for the ‘when it happens’ event for protection and recovery.”
Remillard continued: “We are proud to be entrusted with the highly regulated data of our customers, especially given the current climate of ongoing data breach news. Our strength in EFT/MFT with some of the world’s largest fintech enterprises positions Data443 to continue growing relationships in fintech and beyond as more enterprises leverage the public cloud for scale, cost savings and disaster recovery.”
Today’s announcement follows Data443’s recent definitive agreement to acquire select assets from Cyren Ltd. (“Cyren”). That transaction greatly expands the company’s data security and protection capabilities and augments its cyber threat intelligence (CTI) services, solidifying its position as a market leader in the data security and privacy industry.
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