Brandshield Systems PLC Extended contract signed with crypto currency firm
April 15 2021 - 1:00AM
RNS Non-Regulatory
TIDMBRSD
Brandshield Systems PLC
15 April 2021
15 April 2021
BrandShield Systems plc
("BrandShield", or the "Company")
Extended contract signed with leading global crypto currency
investment company
BrandShield Systems plc (AIM: BRSD), a leading provider of
cybersecurity solutions from brand protection to online threat
hunting, is pleased to announce that it has extended its contract
to provide services to a leading, global financial institution
specialising in crypto currency and blockchain.
Under the terms of the contract BrandShield will continue to
provide a comprehensive anti-phishing and online threat hunting
solution. The Company will protect the customer against fraudulent
online activity including, but not limited to, the impersonation of
the financial institution, rogue websites, impersonation on social
media, executive impersonation, phishing attempts and trademark
infringements.
The customer has elected to retain confidentiality, however the
extension of this ongoing contract extends BrandShield protective
coverage of the financial sector further and, in particular,
deepens its presence in the crypto currency verticals with eToro
and Simplex remaining flagship clients.
Yoav Keren, CEO of BrandShield, said :
"We are delighted to have extended the ongoing contract with
this valued client into what is now a material contributor to our
Annual Recurring Revenue. The financial sector continues to suffer
from an unprecedented increase in the prevalence of fraudulent
activity and BrandShield has continued to develop a broad and
growing range of clients within it.
"The cryptocurrency and blockchain industry has always been a
prominent target for online fraud and phishing activities. The
latest rapid growth in the cryptocurrency space, is a catalyst for
fraudulent activities affecting companies and users active in the
field.
"Notable client wins in 2021 have come from a range of economic
sectors proving the value that BrandShield can bring to companies
in any field. The problems of fraud, whether through physical
counterfeiting or digital phishing, are universal.
"We are witnessing a rapid increase in demand for the
BrandShield solution in the financial industry in particular with
consistent growth continuing in other sectors such as
pharmaceuticals, fashion, entertainment, consumer goods and sports
and leisure."
For further information please visit
https://www.brandshield.com/ or contact:
BrandShield Systems plc +44 (0)20 3143
Yoav Keren, CEO 8300
Spark Advisory Partners Limited (Nominated Adviser) +44 (0)20 3368
Neil Baldwin / Andrew Emmott / James Keeshan 3554
Shore Capital (Joint Broker)
Toby Gibbs / James Thomas / Sarah Mather (Corporate
Advisory) +44 (0)20 7408
Henry Willcocks (Corporate Broking) 4090
Tennyson Securities (Joint Broker) +44 (0)20 7186
Peter Krens 9033
About BrandShield
BrandShield is a provider of cybersecurity solutions from brand
protection to online threat hunting. BrandShield detects online
threats and takes them down. The Company's client base is a growing
list of organisations including Fortune 500 and FTSE100 companies.
By utilising AI and big-data analysis, BrandShield monitors,
detects, and removes online threats facing companies. These threats
include phishing, social phishing, executive impersonation, fraud,
brand abuse, and counterfeits.
For more information, visit www.brandshield.com .
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