Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The update will be interesting Trow
Thanks for sharing
Glta
DATA443 EXPANDS SALES CAPABILITIES
• New sales organization will support global privacy manager launch
• Spearheaded by new CSO Raymond Bruni
• Agile sales pod approach proven effective to reach target segments
• Designed to provide rapid market validation and scale
RALEIGH, N.C., February 20, 2020 — Data443 Risk Mitigation, Inc., (OTCPK: ATDS) a leading data security and privacy software company, today announced the completion of its first build phase of new sales organization headed by its new Chief Strategy Officer – Mr. Raymond Bruni. “Mr. Bruni brings a wealth of experience scaling new sales teams at the enterprise level and also expanding technology product lines into national retail and consumer-level organizations available through thousands of direct sales outlets with very large name brand companies”, stated Founder and CEO of Data443, Mr. Jason Remillard.
During Q1-2020 Data443 has onboarded 9 new sales and marketing professionals and has a continuous growing inbound funnel of professional and capable staff team members going through the application and assessment process at the company. “During hiring, we look for many things – in addition to the basics of course - attitude, the ability to respond to and execute change and quickly cycle between product lines are major considerations for anyone joining our team. Our methodology is being applied across all of our product lines, so the expectations and requirements apply to those as well.”, added Mr. Bruni
Still think that could be very interesting to see N8 become part of the Data443 umbrella for all things data security
Thanks for sharing
Glta
I see your point Heywood. Also think that restructuring of debt is part of next step. It all goes together.
Glta
Yes WIC that will be great!!
Glta
Yes, Crude Oil, Emini and NQ.
Here is a link to our live trade room if you like to join in tomorrow. We open 8 am central.
T7 Live Trade Room
https://www.gotomeet.me/T7LiveTradeRoom
I must say I really enjoy your great input Trow. As a pro futures moderator and coach its of great value what you just shared for us.
Thanks again
Glta
Great article, very informative, and love how Data443 and Jason came in with clear info in regards to CCPA
Thanks Perdon
Glta
Thanks Perdon
Nice to see how the case turned out in the end!
Glta
HAPPY NEW YEAR AND WELCOME TO CALIFORNIA’S CCPA PRIVACY LAW FROM DATA443 RISK MITIGATION?
Today Begins Mandatory Compliance – Ensure Your Company is Prepared
RALEIGH, N.C., January 1, 2020 – Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leading data security and privacy software company, wishes everyone a very happy new year, while reminding everyone that the California Consumer Privacy Act (CCPA) has taken effect.
What is the California Consumer Privacy Act (CCPA)?
Signed into law by California Governor Jerry Brown on June 28, 2018 and effective today, the CCPA is a comprehensive data privacy law, which is comparable to privacy laws in the European Union (General Data Protection Regulation) and the Canada (The Digital Privacy Act).
The CCPA is designed to strengthen data security requirements for businesses and other organizations and give consumers - California residents living in the state for anything other than a temporary or transitory purpose - more control over their personal information. The CCPA accomplishes this by creating a number of new consumer rights. These rights must be protected by organizations in order to avoid major fines.
Jason Remillard, Founder and CEO of Data443 stated, “What many businesses are learning is that much like the GDPR, the CCPA affects businesses outside of the state of California as well due to its size and scope. I believe that it’s only a matter of time before a federal law is adopted that will create a standard for customer data collection throughout the country. Microsoft has already announced a national-level compliance program for CCPA-level services, in 2020. I expect others to follow suit in the absence of a national legislation.”
A California Government impact assessment estimates that businesses will allocate for CCPA activities approximately $50k, 100k, $450k, $2M for businesses of 20, 100, 500 and over 500 employees respectively.
How does Data443 help businesses become compliant in CCPA?
GDPR and CCPA requirements consist of more than just preparation. You need process and technology in order to maintain your compliance with the CCPA and other state-level privacy legislation that is already slated to come in 2020 (NV, WA, etc.). Some basic guidelines and options:
1) Offer a ‘Do Not Sell My Information’ option to all your consumers
Clearly labelled on your website and add the option of a toll-free number for good measure.
2) Enable current and past customers the ability to submit a Subject Access Request for information discovery requests
This should be clearly available on your public facing properties and simple and cost effective to utilize.
Consider employees, pensioners and other categories of information holders as well
3) Update all your privacy and compliance policies with updated disclosures and collection policies – especially those related to the states in which you operate in
4) Ensure you have special handling, processing and collection processes for all children and minors that are related to your specific business processes and the states in which you operate in
5) Continue to monitor privacy legislation changes on a state by state level, paying attention to certain counties that may have special requirements.
Data443 Global Privacy Manager™ provides the industry’s only end to end privacy compliance, governance and auditing platform. Purpose built, battle tested during the European union’s GDPR and refined with over 30,000 active clients using our companion GDPR specific Framework – the platform is available as an ‘instantly available’ solution that can be deployed over the phone with one link from your website.
The new platform launched today provides:
Fully branded Subject Access Request Form
Custom Workflow Engine
Cookie and Consent Management Tracking
Opt-in and Opt-out Management
Do Not Sell Management Interface
Full On Premise and In Cloud Data Discovery
Complete End to End Data Mapping
Full Data Classification and Governance
Data Deletion and Monitoring Compliance Management
Data Stores instantly available: Windows NTFS, OneDrive, Dropbox, Office365, Google Mail, Salesforce, QuickBooks, MailChimp, SharePoint, MySQL, MSSQL, PostGreSQL, Mongo
Data Stores addons available: over 200 SaaS, On Premise databases & File shares
PowerBI and Dashboarding
For more information, including scheduling a demo for your business, please visit: https://data443.com/global-privacy-manager
This is a great article Perdon. Thanks for sharing
Glta
Awesome find Perdon
Glta
Thanks for sharing Perdon
A merry Christmas to you and yours
Glta
Hi GRD
Very sorry to hear about your brother. That is not easy to go through.
Agree with you. Better live life than be bitter and angry.
Glta
I like this Trow, combined with Tennis's technical input.
Glta
Thanks for sharing the technicals Tennis. Appreciate it!
Glta
Thank you Trow for looking into this in great detail and sharing this with us
Glta
Thank you Perdon
Glta
Looking forward to it! Awesome
Glta
Love it Sturgis
Happy and safe Thanksgiving everyone!
Glta
Awesome! Uplisting next and new aquisitons. All according to plan
Glta
You too Perdon. Have a great weekend
Glta
Been in the working for a long time but finally see Data443 ATDS (All things data security) and uplisting coming soon will be the new ship sailing on its journey according to Jason's vision!
Glta
Looking forward to it. New Ship. ATDS ALL THINGS DATA SECURITY
GLTA
Thats a very good question GRD. We have to see, but like you this will be a very good deal to get under the Data443 umbrella
Glta
Great to focus on that we are moving through the shell focus and over to the real opportunities of uplisting, further acquisitions and more and increasing revenue build up each quarter. Good to see that company is getting in position from below to above, hopefully beginning of Q2 and Q3 of 2020 we will see a real good increase in revenue.
Glta
Very informative Trow!
Thanks to you! Saying that even if it iritates some!
Glta
Very exctiting WC.
Glta
That will be the next long awaited step in the right direction.
Jason is holding on to his vision.
Good news Perdon. Thanks for sharing
Glta
Better than I expected from 500k plus
DATA443 RISK MITIGATION REPORTS OPERATING RESULTS FOR THE THIRD QUARTER 2019?
Recognized revenue increased 75% over prior quarter, eclipses $1.1 million year to date
Net billings of $1,129,000 for the three months, a 117% increase over last quarter and over $2 million year to date
Strong pipeline of deals to close or anticipated to close in Q4 2019
RALEIGH, N.C., Nov. 14, 2019 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTCPK: LDSRD), a leading data security and privacy software company, today reported operating results for the three and nine months ended September 30, 2019, including net revenue of $628,000 for the quarter, and strong billings growth quarter over quarter. Net billings represent actual sales which include revenues to be deferred over the term of the contract periods.
Jason Remillard, CEO of Data443, commented, “We delivered strong third quarter and nine-month results and continue to make solid progress toward achieving our long-term goals in delivering a complete data privacy, security and governance ecosystem that is unique and unrivaled in the marketplace. I’m very pleased with the seamless integration of DataExpress™ into the Company, along with achieving a significant customer renewal, and more to come! There’s no question that the last several months have been challenging in terms of our recent corporate actions, but I’m very proud of our team for keeping focused on the tasks at hand.”
“As we look towards the end of 2019, we expect to end the year at a very active pace, both commercially, as well as at the corporate level. As of today, we are less than two months away from the California Consumer Privacy Act (CCPA) taking effect, the first significant data consent and privacy legislation in the United States, perhaps the most comprehensive regulations since GDPR. Many companies don’t understand that preparations need to be made now, before the regulation (and enforcement) goes into effect on January 1, 2020. This poses an incredible opportunity to drive home the importance of mitigating these compliance risks, positioning our sales staff to deliver more education and demos, with the goal of increasing our already growing customer base.”
“Similarly, we will soon announce the effectiveness of our new trading symbol, 'ATDS,' which stands for what we do and what we are; ’All Things Data Security’. That dovetails nicely with our formal corporate name change to ’Data443 Risk Mitigation, Inc.’ As previously communicated, we also intend to submit our application to OTC Markets to list our stock to the OTCQB, or the ’Over the Counter Quality Board’. This elevated market tier will provide a more appropriate venue for the trading of our stock and reflects our continued commitment to be a fully SEC-reporting company within improved capital markets, that only helps advance our growing operating business. Additional updates that we anticipate will be meaningful to shareholders that will be announced before the end of the year as we continue to execute our aggressive business plan”
“In conclusion, I want to thank our loyal employees, customers and shareholders for their continued support. As we continue to build an unmatched portfolio of products and services, capturing additional spend from existing clients and growing our new prospect base for our services, we will continue to proceed in closing acquisitions that are accretive and fit within our unique framework and match our financial goals,” concluded Mr. Remillard.
Business Highlights for the Third Quarter of 2019:
Announced expansion of multiplatform data privacy and security archiving & eDiscovery solution to enable in CCPA, GDPR, eDiscovery, archiving and data retention requirements
Completed the acquisition of DataExpress™, one of the world’s leading vendors for secure sensitive data transfer for the hybrid cloud
Announced another major client win - a leading global payments technology company that operates in over 200 countries and territories worldwide, within DataExpress™ NonStop (DXNS) Secure Managed File Transfer Service
Completed a series of significant corporate milestones, including formal name change to “Data443 Risk Mitigation, Inc.,” trading symbol change to “ATDS,” and reverse stock split
Third Quarter 2019 Financial Results
Total revenues were $628,000 during the three months ended September 30, 2019, compared to zero revenue for the three months ended September 30, 2018. We had net billings for the three months ended September 30, 2019 of $1,129,000, compared to zero in the prior year period.
Deferred revenues were $927,000 as of September 30, 2019, an increase of $898,000 from $29,000 as of December 31, 2018.
General and administrative expenses for the three months ended September 30, 2019 were $1,374,000, as compared to $514,000 for the three months ended September 30, 2018, which is an increase of $860,000, or 167%, which primarily consisted of management and integration costs and other expenses related to SEC reporting.
The net loss for the three months ended September 30, 2019 was $3,196,000 as compared to a net gain of $2,618,000 for the three months ended September 30, 2018. The net loss for the three months ended September 30, 2019 was mainly derived from a loss on change in fair value of derivative liability of $1,967,000 associated with convertible notes payable and an operating loss of $827,000 due in part by increased general and administrative costs, and sales and marketing expenses incurred.
First Nine Months 2019 Financial Results
Total revenues were $1,130,000 during the nine months ended September 30, 2019, compared to zero revenue for the nine months ended September 30, 2018. We had net billings for the nine months ended September 30, 2019 of $2,066,000, compared to zero in the prior year period.
General and administrative expenses for the nine months ended September 30, 2019 were $3,276,000, compared to $1,714,000 for the nine months ended September 30, 2018, an increase of $1,562,000, or 91%. The expenses for the nine months ended September 30, 2019 which primarily consisted of management and integration costs and other expenses related to SEC reporting.
The net gain for the nine months ended September 30, 2019 was $4,027,000 as compared to a loss of $5,035,000 for the nine months ended September 30, 2018. The net gain for the nine months ended September 30, 2019 was mainly derived from a gain on change in fair value of derivative liability of $7,267,000, offset in part by an operating loss of $2,623,000 by increased general and administrative costs, and sales and marketing expenses incurred.
Liquidity
As of September 30, 2019, we had cash in the amount of $60,000 and other current assets in the amount of $843,000, compared to cash in the amount of $18,000, and other current assets in the amount of $3,000 as of September 30, 2018.
This is the best post I have seen in a long time, very good summed up
Thanks Trow
Glta
Thats a good point Trow. Interesting for sure
Glta
Thanks for the input Trow, as always
Glta
Think like Perdon we will be some around 500k+
Would be great if we keep seeing increase for each quarter. If we see around 750k this quarter it will be a nice increase since last and then we will be able to see good increase when we turn over into 2020 as ccpa starts
Glta
Spot on BB, revenue will be key moving forward.
Glta
Thanks Perdon
Have a good weekend
Glta
Facebook with mr Zuckerberg might take it lightly but all his facebook clients will not take it lightly if gackers were to get their data on persons using facebook. Plus it puts facebook in bad light.
Glta
True BB, revenue and increasing so is and will be crucial for Data443.
Glta
Awesome publicity for Data443 for sure
Glta
This post really makes you think on a deeper level whats going on.
Thanks Trow
Glta