Data443 Announces Multi-Year Contract to Provide Data Classification and Privacy Services to Middle East Bank
January 06, 2021 at 08:00 am EST
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Data443 Risk Mitigation, Inc. announced it has started the new year with another significant customer win for its industry leading ClassiDocs™ product which anchors its award-winning Global Privacy Manager™ technology suite. After a long and rigorous vetting process, Data443 was awarded a highly competitive win by a leading global bank headquartered in the Middle East. This six-figure per year, initial three-year term deal will service the bank’s more than 10,000 employees. The Bank has made its relationship with Data443 a foundational component of its strategic plan to support its ‘cloud first’ approach which rapidly migrate its data and user base to the cloud. This Agreement and its strategic relationship enable the Bank to easily subscribe to Data443’ additional products on an ad-hoc basis. When the vetting process began in July 2019, competing vendors were required to execute a proof of concept and pilot program that satisfied a ‘designed to break’ criteria, covering a wide swath of use cases, technologies and capabilities that the bank required immediately – and in the future. With a heavy focus on advanced Microsoft Digital Rights Management technologies (Azure Information Protection), and wide-ranging distributed platforms including big data platforms, Data443 was the only vendor that delivered on all fronts and proved to be successful in the proof of concept, resulting in the winning bid. The competitors included many big-name brands, including some that have raised hundreds of millions of dollars recently and profess to be unicorns.
Data443 Risk Mitigation, Inc. is engaged in providing data security and privacy management solutions across the enterprise and in the cloud. The Companyâs products and services include Cyren Threat Intelligence Service (TIS), Cyren Inbox Security for Microsoft 365, Data443 Ransomware Recovery Manager, Data443 Data Identification Manager, Data443 Data Archive Manager, Data443 Sensitive Content Manager, Data443 Data Placement Manager, Data443 Access Control Manager, Data443 Blockchain Protection Manager, Data443 Global Privacy Manager, Data443 IntellyWP, Data443 Chat History Scanner and Data443 - GDPR Framework, CCPA Framework, and LGPD Framework WordPress Plugins. Data443 Ransomware Recovery Manager is designed to recover a workstation immediately upon infection to the last known business-operable state, without requiring any end user or IT administrator intervention. Data443 Data Archive Manager is an enterprise data retention management and archiving system.