Data443 Risk Mitigation Inc (OTCMKTS:ATDS) Stock Continues To Move Lower

Data security and privacy software company, Data443 Risk Mitigation Inc (OTCMKTS:ATDS) announced the addition of ransomware and antivirus protection to the Enhanced File Transfer/Managed File Transfer. The solution, Data Placement Manageris powered by the firm’s Ransomware Recovery Manager named “Best for Inexpensive Protection” and “Best for Kiosks” by PC Mag.

Trading Data     

On Monday, ATDS stock moved down 20% to $0.0200 with more than 213.26K shares, compared to volume of 75.37K shares. The stock moved within a range of $0.0181 – 0.0268 after opening trade at $0.0268.

Data443 Adds Antivirus and Ransomware Protection to Data Placement Manager (DPM)

The company’s announcement comes after a series of additional contracts and customer renewals for its EFT/MFT solution from long-time clients in the fintech sector. Data443’s DPM processes a large number of data files on an hourly basis for clients globally, with 99.99% uptime for clients.

Jason Remillard, Data443’s CEO and founder said that sensitive data interchange amongst organisations is growing both in sensitivity and volume. Remillard added that it creates a dangerous risk environment, with cybercriminals identifying a company’s active software and exploiting vulnerabilities. The CEO added that several organizations are lagging in making necessary fixes and believes that organizations must plan for recovery and protection.

Remillard further stated that the company is proud of being entrusted with the regulated data of customers, especially in the climate of ongoing data breach. The CEO also said its strength with global fintech enterprises positions the firm to grow relationships in fintech and leverage the public cloud for disaster recovery and cost savings.