Data443 Risk Mitigation Inc, a leading cyber data security company, announced its latest move to provide for the availability of its advanced API infrastructure from a list of its reputable data classification options for the growing Ripple blockchain ecosystem. The move will also see the blockchain gain from Data443's advanced data governance, and its eDiscovery product (ClassiDocs™) to enable it to support advanced data regulation measures such as the General Data Protection Regulation (GDPR).
Data443 Classification, eDiscovery and GDPR Compliance Now Available for Use with Ripple Blockchain https://t.co/I9HyogOW5Q
— DATA 443 (@data443Risk) May 16, 2018
The Background With Data443 And Ripple Alliance
Initially, Data443 announced their blockchain capability back during the 2018 RSA Conference, with efforts moving from the implementation of blockchain for data solutions and now featuring the PII detection capabilities that are essential for the enablement of GDPR and privacy compliance measures. Data443 Risk Mitigation's CEO, Jason Remillard also took time to ascertain that the relationship with Ripple stems from months of validation support for transactions since February 2018.
What Data443 Is Offering The Ripple Ecosystem?
The collaboration with Data443 Risk Mitigation will see Ripple gain the following features
ClassiDocs™ – The new feature will allow the Ripple blockchain to address the data compliance capabilities that bear the generic PII recognition capabilities. Ultimately, the new add-on could assist entities and individuals using the Ripple blockchain to safely store and share their personal data within the compliance and data security requirements such as GDPR and the Payment Card Industry standards.
- Scan and verify the authorization of transactions and participating partners
- Apply different actions to data sets such as classification, reporting, and governance
- Facilitate corporate policies by meeting the necessary retention, audit and compliance regulations
DATA443 Risk Mitigation Inc is a database management company that works to provide data security solutions for individuals and enterprises across devices, networks, and cloud databases. The ClassiDocs™ system is their data classification and governance tool with the capability to support over 200 types of files and 400 databases with a user-centric design. Under their goal, Data443 hopes to deliver data security solutions based on classification governance, discovery, GDPR submission and DSAR management for an advanced security for every data point at each time.