Feb 02, 2021 (Financial News Media via COMTEX) -- Palm Beach, FL - February 2, 2021 – Data protection is the process of protecting data and involves the relationship between the collection and dissemination of data and technology, the public perception and expectation of privacy and the political and legal underpinnings surrounding that data. It aims to strike a balance between individual privacy rights while still allowing data to be used for business purposes. With the prolonged outbreak of pandemic COVID-19 disease, a majority of the businesses are or have been shut down and operations across different enterprises are compromised. This has made organizations looking for ways to improve their communications, operational efficiencies, overall productivity and are looking for innovative ideas & solutions to improve the revenue. This in turn has increased the susceptibility of cyber-attacks and data breaches within the organizations. This in turn has facilitated the use of data protection solutions thereby driving the market growth through 2025. A reportfrom Market Research Engine projected that The Data Protection Market is expected to grow from $120 Billion by 2023 and to exceed $194.11 Billion by 2026, with CAGR at 15.9% in the given forecast period. The report said that the major driving factors of Data Protection Market are the growth of enormous amount of knowledge and also the need for knowledge security and privacy considerations. Active Companies from around the market with recent developments this week include: Data443 Risk Mitigation, Inc. (otcpk:ATDS), Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.34% , BlackBerry Limited /zigman2/quotes/202784246/composite BB +2.15% /zigman2/quotes/206834662/delayed CA:BB +1.32% , CrowdStrike Holdings, Inc. /zigman2/quotes/212513426/composite CRWD +3.96% , SolarWinds /zigman2/quotes/208088323/composite SWI -0.36% .
A recent article on Yahoo Finance added: "This large data requires solutions to monitor, manage and protect this data. This in turn is expected to positively influence the market growth through 2025. Additionally, growing concerns regarding cyber security, rising concerns of critical data loss and protection from malwares, ransomwares, among others is further expected to fuel the market growth. Furthermore, increasing expenditure by various governments and organizations on security solutions and growing concerns over breach of important data is expected to create lucrative opportunities for the market growth over the next few years."
Data443 Risk Mitigation, Inc. (otcpk:ATDS) BREAKING NEWS:DATA443 DELIVERS ADVANCED CAPABILITIES FOR CLASSIDOCS INTEGRATED with MICROSOFT DOUBLE KEY EXCHANGE ON MICROSOFT AZURE – Data443 Risk Mitigation, a leading data security and privacy software company for ALL THINGS DATA SECURITY
Since 2018, ClassiDocs has directly supported the rights management platform for its customers and has continued to progress its data privacy, compliance, and security capabilities by providing functionality, such as:
SIEM integrated data Classification system
Blockchain-integrated data governance platform
Classification platform that includes over 900 taxonomies built-in
Platform that includes OCR classification for free
Classification platform supports Zoom(R)
Classification platform that scans laptops and desktops inclusively
Classification platform that now natively support Covid-19 taxonomies and patterns
Based on strong joint customer demands, Data443 has integrated ClassiDocs within Microsoft's Bring Your Own Key (BYOK) protection system - based in Microsoft Azure. The Double Key Encryption (DKE) protection system is integrated deeply within the award winning ClassiDocs
Jason Remillard, CEO and founder of Data443, commented, "The latest capabilities from Microsoft for privacy and secured information flow that is ultimately in the hands of the customer is an important step in the continued adoption of cloud and hybrid cloud solutions. ClassiDocs enables clients the ultimate visibility in understanding what kind of data, where it is, and how sensitive it is - at all times. True data visibility coupled with full control is a major step forward for everyone. It's a great product set and a great relationship for us. We look forward to continuing to be a leading provider of All Things Data Security!"
"Members of the Microsoft Intelligent Security Association integrate their security solutions with Microsoft's to gain more signal, increase visibility and better protect against threats. By extending Microsoft's security capabilities across the ecosystem, we help our shared customers to succeed", stated Ryan McGee, Director of Microsoft Security Product Marketing. Read this full press release for ATDS at: https://www.financialnewsmedia.com/news-atds/
In the industry developments and happenings in the markets include:
Microsoft Corporation /zigman2/quotes/207732364/composite MSFT -0.34% recently announced the addition of Inuktitut text translation to Microsoft Translator. This addition will allow users to translate any of the more 70 languages to or from Inuktitut, the primary dialect of the Inuktut language, which also includes Inuinnaqtun. Inuktitut is spoken by approximately 40,000 Inuit across Inuit Nunangat, the Inuit homeland in Canada and seventy per cent of the residents of Nunavut use Inuktitut.
Now available in the Microsoft Translator apps, Office, and Translator for Bing, users can use AI-powered Azure Cognitave Services Translator and Azure Cognitive Services Speech to add Inuktitut translation to apps, websites, workflows and tools. This provides an additional way to make Inuktitut more accessible at work, at school and in everyday life and will help ensure the language continues to thrive.