Is anyone on here invested in LDSR? Looks and sounds like a great company...Backed by Silicon Valley bank (same bank that back Pinterest, true car and Fitbit), partners with Microsoft/splunk and N8 Identity. N8 identity clients list is huge.
Here’s some other DD I’ve done, a lot to read but well worth it:
https://www.data443.com 1.The world’s biggest privacy regulation GDPR goes into affect May 25 2018.
If there is one thing that people know about the GDPR (General Data Protection Regulation) it’s that GDPR fines (administrative fines) can go up to 20 million Euros or 4 percent of annual global (note global!) turnover, whichever of both is highest. https://www.i-scoop.eu/gdpr/gdpr-fines-guidelines-application-penalties/
Figure this one out: Just shy of 100 percent of U.S.-based privacy professionals believe the importance and complexity of managing privacy in their organizations is increasing.
Similar numbers (97 percent!) acknowledge they will increase their investment in managing privacy. Yet fully 61 percent of these same professionals acknowledge they have done little to prepare for the coming of the world’s biggest privacy regulation, the EU’s General Data Protection Regulation, or GDPR. What’s more, 99 percent admit to needing additional help in preparing for the GDPR. https://venturebeat.com/2017/06/24/us-slowly-submitting-to-2018-eu-privacy-law/ 1.DATA443 (OTCPK: LDSR) ClassiDocs Wins Numerous Industry Awards – GDPR 100 days awayPress Release | 02/13/2018
RALEIGH, N.C., Feb. 13, 2018 (GLOBE NEWSWIRE) -- DATA443 Risk Mitigation, Inc. is pleased to announce that its recent acquisition – ClassiDocs - has won prestigious industry awards for GDPR Compliance, Data Classification and Governance in the 2018 Cybersecurity Excellence Awards.
Gold Winner
“This is validation for the whole team. The volume of support we received from the community surprised us but does match the feedback we get from clients and partners – that the ClassiDocs product set is an on-point technology that facilitates many requirements of the upcoming GDPR legislation and provides for a unique and feature-rich Data Classification and Governance solution,” stated Mr. Remillard, CEO of DATA443 Risk Mitigation, Inc. today.
“Congratulations to DATA443’s product team for being recognized as the gold winner in three categories: Data Classification and Data Governance. The GDPR category – a new one this year – had the ClassiDocs GDPREngine product place first also as a gold winner,” said Holger Schulze, CEO of Cybersecurity Insiders and founder of the 400,000-member Information Security Community on LinkedIn that organizes the awards program. "With over 400 entries in more than 70 categories, the 2018 awards are highly competitive and all winners truly reflect the very best in today's cybersecurity industry."
“We have worked very hard on our GDPR functions – adding capabilities that are grounded in true use cases and deliver immediate value to the client. Our forthcoming GDPREngine technology delivered in a SaaS model delivers GDPR compliance capabilities faster and with much less total cost of ownership for clients,” added Mr. Remillard. “We will be making this officially available for beta clients in the coming month – the GDPR Deadline is fast approaching – 100 days exactly today. We are seeing increased demand worldwide for capabilities – matching our initial analysis that GDPR applies more broadly than just the European Union.”
About Cybersecurity Insiders The Cybersecurity Excellence Awards are organized and managed by the team at Cybersecurity Insiders – the same group that manages the 400,000+ member information security technology professional LinkedIn group. The organization also produces numerous webinars and deep industry research for all facets of information security. It is headquartered in Maryland, US.
About DATA443 Risk Mitigation, Inc. DATA443 Risk Mitigation, Inc. (OTCPK:LDSR) (https://www.data443.com) is a technology company that is actively developing and acquiring cyber-security products & service offerings that are central to blockchain, cyber data security, GDPR, compliance and governance capabilities. The Company develops its own technologies and has an active acquisitions program in place. 1.A majority of companies plan to use external firms to accelerate their GDPR preparation Because GDPR’s requirements are deep and complex, preparing for the new regulation requires buy-in and support from across an organization, including in areas are not used to dealing with privacy issues. In response, many companies plan to use external firms to help with their preparation.
Among executives polled in this survey, 69% said they plan to use a technology firm to help with their preparations, 62% plan to hire a consulting firm, and 46% plan to hire a law firm. Roughly two-thirds of larger companies – those with greater than $500 million in revenues – say they will hire a consulting firm. https://www.pwc.com/us/en/increasing-it-effectiveness/publications/general-data-protection-regulation-gdpr-budgets.html 1.US companies lead their UK and Japanese counterparts in making steady progress in GDPR readiness With GDPR set to go into effect in May 2018, 11% of executives surveyed said their companies have now finished operationalized preparations. This tally is almost double the 6% that were finished last year. On the opposite side of the spectrum, the number of companies that have yet to even begin preparations has shrunk dramatically, from 23% last fall to just 7% in the most recent survey.
Significant gaps remain, however. Of the companies surveyed, 36% said they have just started the assessment process, meaning their journey toward GDPR readiness has just begun. As a result, these organizations risk not being fully compliant by the May 2018 deadline, facing regulator fines, litigation costs, and lost contract opportunities in Europe.
Japanese companies plan to spend more to catch up to their US and UK peers US companies are further along in cross-functional areas than their counterparts in UK and Japan. Japanese companies, in particular, lag behind in several key areas, including data-lifecycle management, for which roughly one-in-five Japanese companies surveyed reported they have finalized implementation of preparations. Japanese companies are similarly behind in areas such as training, cross-border data strategy, and privacy incident management.
Although Japanese executives report they are behind in several key GDPR preparation areas, they expect to spend significant amounts of money to catch up. The survey found 77% of Japanese companies plan to spend at least $1 million on GDPR projects, compared to 62% of US companies, and just 43% of UK companies. https://www.pwc.com/us/en/increasing-it-effectiveness/publications/general-data-protection-regulation-gdpr-budgets.html 1.Tech Giants Brace for Europe’s New Data Privacy Rules
With the deadline for the new rules now just a few months away, Silicon Valley’s tech behemoths have been scrambling to get ready. Facebook and Google have deployed hundreds of people to make sense of the regulations. Many of the companies have overhauled how they give users access to their own privacy settings. Some have redesigned certain products that suck up too much user data. And in some cases, companies have removed products entirely from the European market because they would violate the new privacy rules.
“Every person who works for us has, in some way, been involved in preparing the company for G.D.P.R.,” said Doug Kramer, general counsel of CloudFlare, an internet performance and security company based in San Francisco that has tightened its data storage and processing practices. “G.D.P.R. is going to introduce very fundamental changes to the way the internet works for everyone.” https://www.nytimes.com/2018/01/28/technology/europe-data-privacy-rules.html
EU GDPR – new rules, wider reach – the biggest change to data protection laws in 20 years
End of implementation period
After four years of negotiation, GDPR was finally adopted on 27 April 2016. It comes into effect after a two-year implementation period. One law firm has described it as the “most ground-breaking piece of EU legislation in the digital era” – and with good reason. It will make businesses more accountable for data privacy compliance and offers individuals extra rights and more control over their personal data.
7 months ago when ClassiDocs was new Jason was looking for companies to pilot it for free.
It seems that Jay Odonnel is a supporter of ClassiDocs and a partner to Jason from his IBM days because N8 Identity is a partner of IBM
Quote from Jay ODonnel on LinkedIn
Quote:
Join this webinar to learn how to implement a combined Data Classification and Governance approach that integrates your Identity Access Management and Governance programs. Cyber security experts; Nick Nikols, Principal Consultant TechVision Research, Jason Remillard, President, IP Risk Control and Founder of ClassiDocs, and Jay O’Donnell, President, N8 Identity and Founder of TheAccessHub will discuss: Industry problems and approaches Cloud and on-prem scenario reviews Data Classification and Governance coupled with Identity Compliance, Governance and Certification The role of AI and Machine Learning How you can start a project in 30-minutes
Who is Jay ODonnel? He is the CEO of N8 Identity inc.
N8 Identity is Canada’s largest dedicated Identity and Access Management (IAM) solution provider. Our executive team has provided thought leadership to the IAM industry for more than 15 years, significantly contributing to its evolution.
and
Quote:
We’re proud of our customers’ success stories. N8 Identity has deployed IAM solutions for Fortune 1000 companies comprising several million users worldwide.
Checkout their partners page.
N8 identity inc is partners with ORACLE and IBM who in turn deploy their partner's solutions (ClassiDocs) to thousands of businesses including Allstate, Metlife, TD Ameritrade, this is just a few.
checkout their clients page on their website!
So basically, N8 Identity inc chooses the best of the best solutions, and the best of the best companies go to them for their solutions, and here is proof that the CEO of N8 identity supports Jason and ClassiDocs. I am not by any means saying Metlife, Allstate and TD Ameritrade will be ClassiDocs customers, however I am saying that when they look for GDPR, they will go to N8 Identity for help. ClassiDocs may not get chosen but it will have potential access to thousands of businesses.
and last of all, here is a link to an invite FROM JAY ODONNEL AND JASON REMILLARD TOGETHER inviting people to demo ClassiDocs.. Further proof of a good relationship and support for ClassiDocs from one of the world's largest solution providers with the a very large list of clients.
Interesting that N8 is showing this on their homepage:
Quote:
DOES YOUR IDENTITY PLATFORM ADDRESS GDPR? WE CAN HELP - JUST IN TIME.
Compliance and analytics Proactive performance and compliance reporting to measure effectiveness and adherence to corporate policy.
Global process and event auditing Policy violation reports Report scheduler View user assets and access reports Proactive policy enforcement Separation of duties enforcement and reporting Real-time visibility of fulfillment status KPI on all fulfillment channels, automated or manual Global rule search
Huge if he has ties here as well. Imo we are sitting on a boomer!
Killer bullets from ClassicDocs Presentation last year...
Most Advanced Data Classification Platform
FOCUSED ON EASE OF DEPLOYMENT - Simplest architecture and implementation plan vs. competitors - End User experience highly designed, tested and validated - Grid-Computing style Classification Performance and scale
LEADING EDGE TECHNOLOGY - Simplest architecture and implementation plan vs. competitors - End User experience highly designed, tested and validated - Grid-Computing style Classification Performance and scale - SIEM Vendors – Splunk, AlienVault, Arcsight, Qradar - Identity Vendors – QuestOne Software, Oracle, IBM, ForgeRock - Governance Vendors – Sailpoint, Aveksa (RSA/EMC) - Data Security Vendors – Microsoft, Varonis, STEALTHBits
DEEP INTEGRATION & PARTNERSHIPS - Native integration to Microsoft Azure Cloud & Data Protection - Machine Learning, Guided Learning and User Coaching - Ransomware & Encryption Detection & Management
Margins on Data Classification Software: 95% HUGE COMPANY in the making!!
LDSR DATA443 DD. DATA443 (OTCPK: LDSR) Partners with Leading Cloud Identity Governance Provider N8 Identity 3 Gold awards at Cybersecurity Excellence Awards for ClassiDocs. (GDPR Compliance, Data Classification and Governance) The Strategic Advisory Board for DATA443 Risk Mitigation, Inc. was initiated in January 2018 will continue to add new members as the organization grows and changes as part of its normal business plan. DATA443 will be assigning a diverse group of individuals from various disciplines, geographies, industries and relationships throughout the year. The Strategic Advisory Board is intended to be a sounding board for upcoming strategic reviews, product and acquisition reviews and a collaboration venue bringing industry experts, customers and executives of DATA443 together. Todd Spain on advisory board. Global leader in database technologies, former VP of IT for Fidelity Investments and Global IT Delivery Executive for Cisco Systems. Co-founding member of the Blockchain Executive Group. “I am excited to contribute to the success of DATA443 and the possibilities presented by the leadership team. I expect to contribute my skill sets to the organization as part of the Strategic Advisory Board beginning immediately,” comments Mr. Spain.“ Jason Remillard. CEO and Founder. 25 years of experience pioneering technology solutions for startups and Fortune 500 companies. Served as VP of Security Architecture at Deutsche Bank, where he was responsible for Big Data, Security Architecture, Engineering and Analytics. Led the development of the Enterprise Identity and Access Management portfolio at Dell Software (formerly Quest Software) Under his leadership at Dell Software, the portfolio grew at a compound annual growth rate of 20 – 90 percent over time. Stints at IBM, Novell, Merrill Lynch, Royal Bank of Canada, TD Bank, Tucows and Ellacoya Networks. A founding member of the Blockchain Executive Group. MBA from the Richard Ivey School of Business (University of Western Ontario, Canada) ClassiDocs. User rich, full enterprise data classification & governance platform. "Only Data System that queries, reports results and monitors ongoing across everything in the Enterprise Data realm – On Premise, Cloud, Database, Laptops, Desktops. Our reach and capabilities grow every day…" Jason Remillard. First Data Classification & Governance platform to integrate with SIEM platforms. (Provides a much richer and detailed User Behavior Analytics capability.) Only Classification platform to include GDPR/eDiscovery capabilities in the same product. (No integrations, no fuss.) Only Classification platform to include Endpoints (Laptops/PCs) AND Structured Data stores in scope to the classification and eDiscovery functions. Only Data Governance platform that merges Active Directory Identity data with Data Classification (Know who is doing what, with what kind of documents, and where. Instantly.) First Data Governance & Classification platform that natively exports all transactions, activities and actions (machine and user) to your SIEM infrastructure. Imagine correlating all of your distributed infrastructure with ACTUAL data types Exclusive PowerShell exit technology - you are able to run whatever script, job you want when a condition hits... Want to encrypt that file if something 'confidential' shows up on FileShare XYZ? No problem. Want to turn off a PC that should NEVER have 'Internal' documents on it? Set the condition, with an orchestration, done. The GDPREngine within ClassiDocs is a brand new capability which delivers specifically what you need for the majority of your GDPR DSAR compliance requirements, specifically: Find PII-related data records, Report on findings, Monitor post DSAR. One screen panel to query across ALL Data Silos (Endpoint/Workstation, Servers, Data in Flight, Data at Rest, Structured and Unstructured Data Sets) Simple and complete API integration for ticketing/resolution on DSAR events. Rapid delivery capability - Be classifying, identifying and resolving DSAR-based requests in minutes!
One Panel enables you to query across all repositories to retrieve data set results, snapshot and monitor ongoing as you resolve the DSAR.
Invite to the RSA Early Startup Exhibitor arena. (ClassiDocs. Booth number 1!)
"I am seeing that the GDPR will be affecting nearly every application system, data repository, and third-party vendor relationship you have." Jason Remillard.
New banking relationship with Silicon Valley Bank. (2/06/18)
“Silicon Valley Bank has a long and storied history in the technology sector and has innovative financial offerings that Data443 will utilize throughout its growth phases upcoming” Jason Remillard.
“We’re excited to provide banking services to Data443 and look forward to working with the team,” said Chris Stoecker, Managing Director of Silicon Valley Bank. “SVB has not only the credentials, active investment and technology capabilities but also a worldwide footprint with financial instruments that will be instrumental in our growth and acquisition plans in 2018 and onwards. This is a major milestone for Data443!” added Mr. Remillard.
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