RALEIGH, N.C., June 06, 2018 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTCPK:LDSR), a leading cyber data security company providing solutions for the GDPR and Blockchain/ Ripple frameworks, today announced the initiation of the second phase of its audit of the company by PCAOB registered independent auditor, Thayer O’Neal.

“We initiated the two-year audit process earlier in 2018 and have now begun the process of the secondary audit component due to the ClassiDocs acquisition announced in February 2018 - we are working diligently to complete this as soon as possible,” said Jason Remillard, CEO and founder of Data443 Risk Mitigation, Inc. “The audit is important to support our efforts in an eventual market up listing, as well as to help facilitate our ongoing data and cyber security product acquisition strategy”.

Data443 launched public and validated “Validator” services in February 2018 to support the function and transactions of Ripple’s ecosystem. But distributed ledger is only one segment of the rapidly growing blockchain-enabled marketplace. With Data443’s ClassiDocs™, organizations and entities that use blockchain technology to store and share personal data, such as health records or taxpayer information, can enable enterprise-class compliance capabilities and data security requirements with GDPR and Payment Card Industry (PCI) data security standards.

Specific Features Include:

  • Scan authorized transactions of participating partners
  • Apply classification, reporting, repudiation, and governance actions related to the data set
  • Enable corporate policies for retention, audit, and compliance requirements
  • Enable compliance to existing enterprise and geographically specific data export requirements

Also, as more businesses understand the impact and potential liabilities of the GDPR, they are seeking solutions that can quickly move forward their ability to respond. ClassiDocs is purpose-built for privacy compliance enablement. The product directly addresses 12 of the most important GDPR articles, both for reporting and technical controls. This capability enables clients to respond to DSAR demands and at the same time provide an accurate and up-to-date data inventory across their entire data estate, including all end points, any attached or mapped cloud storage, databases, email, structured and unstructured data, and data at rest or in flight. ClassiDocs™ is the only product on the market with this wide-ranging, feature-rich capability set.

Upon deployment and without specific training, users can:

  • Discover PII, PCI, HIPAA, and Other Confidential Information
  • Report on and Remediate Security Access Controls
  • Respond to DSARs and Remediation Actions, with built in Analytics
  • Comply with 12 of the Most Critical GDPR Articles

Data443 was recently named one of the top 15 U.S.-based advisory firms for GDPR solutions and services by Black Book Market Research LLC. ClassiDocs is available now via cloud, hybrid, and on-premise deployment. Companies can start a PoC in minutes by clicking this link https://www.data443.com/get-free-online-interactive-demo-team-2/.

About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK:LDSR) enables secure data – across local devices, network, cloud, and databases – at rest and in flight. ClassiDocs™, our award-winning data classification and governance technology, supports over 200 file types and 400 databases with a user-first, user-centric design that speeds ease of use and compliance-policy conformance without training. Data443 delivers classification, discovery, governance, GDPR compliance, and DSAR management coupled with DLP, CASB, SIEM, and cloud solutions to provide user-enabled, governance-enabled, up-to-date security for every data point, every time. 

Forward-Looking Statements  
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See DATA443 Risk Mitigation, Inc.’s filings with the SEC, which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

For Further Information
https://www.otcmarkets.com/stock/LDSR/overview

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Contacts
Main Press Contact:
Susan Payne
Susan.Payne@data443.com
Office: 919.526.1070 Ext. 103

Investor Relations:
ir@data443.com
Office: 919.858.6542

SOURCE DATA443 Risk Mitigation, Inc.