Zacks has launched coverage on LDSR
December 11 2018 - 11:19AM
InvestorsHub NewsWire
Zacks has launched coverage on
LDSR
December 11, 2018 -- By M. Marin
OTC:LDSR
READ THE FULL LDSR RESEARCH
REPORT
Data443 Risk Mitigation, a wholly owned subsidiary of LandStar,
Inc. (OTC:LDSR),
is a technology company that is developing an ambitious portfolio
of cyber-security products and service offerings. In addition to
products and services the company develops on its own, Data443 is
also conducting an aggressive M&A campaign to complement its
internally developed technologies. It has accessed the expertise of
several advisors to help conduct this strategy in a timely and cost
sensitive way.
Data443 aims to provide a broad range of data security
offerings, services and solutions. The company is pursuing a
roll-up strategy within the cyber-security space and has announced
several completed or pending transactions. 2018 has been a
transformational year, in our view, as the company has completed
two significant acquisitions, with others in the near- and
medium-term pipeline. Management expects that its overall M&A
pipeline will produce a combined annual revenue run-rate of roughly
$8-$10 million.
The company believes that the need for external cyber-security
services is sizable and growing. According to AT&T
Cybersecurity Insights, “Small businesses don't usually have access
to the resources they need to create and maintain a cohesive
cybersecurity strategy. Instead, they should rely on a provider
that can plan and roll out the strategy affordably and
efficiently.”
Moreover, as enterprise and individuals rely increasingly on
digital data, the opportunities for security breaches multiply.
There are myriad examples of high-profile cybersecurity breaches,
such as the Equifax breach that impacted an estimated upwards of
143 million consumers. Sensitive data that was stolen included
Social Security numbers and driver’s license numbers, among other
metrics.
According to IDC (International Data Corporation) predictions,
“by 2025 the global datasphere – the amount of data created in the
world – will grow to 163 zettabytes (that is a trillion gigabytes).
That’s ten times the 16.1ZB of data generated in 2016.” The growth
in the amount of critical data that needs to be stored, shared and
used will drive demand for maintaining the privacy of sensitive
information. At the same time, it will lead corporate entities to
become more and more vulnerable to data breaches. Industry insiders
believe that there is substantially more sensitive data being
produced and stored currently than the amount of sensitive data
that is being secured. Importantly, this gap is expected to widen.
In fact, IDC estimates that nearly 90% of all data created in the
global datasphere will require some level of security by 2025, but
not even half will be secured.
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Disclaimer HERE.
Link below provided for your convenience
https://scr.zacks.com/News/Press-Releases/Press-Release-Details/2018/LDSR-Growth-of-Digital-Data-Drives-Need-for-Cyber-Security-Solutions-article/default.aspx
https://s1.q4cdn.com/460208960/files/News/2018/Zacks_SCR_Research_12102018_LDSR_Marin.pdf