Data443 Risk Mitigation Inc. (ATDS) Well Positioned Amid Growing Concerns About Cyber Security and Data Protection Practices

February 27, 2023 at 08:50 AM EST

A fast-moving ransomware strike recently infected servers made by California-based cloud computing giant, VMWare, leveraging known vulnerabilities previously disclosed by this software company
Ransomware continues to be one of the top digital threats and the problem is exacerbated by poor cybersecurity practices, such as lapses in adequate vulnerability management
The attack is the last in a series of reminders that businesses need reliable cybersecurity systems and practices provided by companies like Data443 Risk Mitigation to combat malicious attacks instigated by cybercrime perpetrators

Cybercriminals are striking again, reminding the public that they are quick to detect and take advantage of any vulnerabilities left uncovered. A large ransomware campaign has been launched recently to target VMware ESXi hypervisors worldwide, potentially compromising around 3,800 vulnerable servers globally (https://ibn.fm/NaXEk). In what seems to be a wave of attacks, cybercriminals appear to be exploiting a heap overflow vulnerability with an “important” severity rating to access vulnerable servers. As a result, ransomware alerts spread like wildfire worldwide, ushering thousands of companies to perform urgent system scans as they rushed to detect any signs of compromise. Events like this remind us that cyber perpetrators are on the constant lookout for businesses’ blind spots that suffer from sloppy cybersecurity practices. With a mission focused on preventing cyber incidents like this, Data443 Risk Mitigation (OTC: ATDS) remains committed to supporting business-critical data in flight and at rest, while meeting the growing need for data discovery, governance, and protection services.

Over the past years, cybersecurity has become much more than a buzzword – it has become a necessity. In the wake of cyberattacks that grow in frequency and scale, cybersecurity serves as the wall keeping criminals from compromising sensitive data and taking down networks or systems which…