Brandshield Systems PLC Three customer wins in the fintech sector
October 11 2021 - 1:00AM
RNS Non-Regulatory
TIDMBRSD
Brandshield Systems PLC
11 October 2021
11 October 2021
BrandShield Systems plc
("BrandShield," the "Company," or the "Group")
Contract Wins
BrandShield expands its fintech market exposure with three
customer wins
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 secured new business
mandates to support three independent crypto-currency, foreign
exchange and online trading brands ('the Clients').
The new mandates, for which BrandShield was approached directly,
will see the Company deploy its solutions to detect and shut down
the following to ultimately prevent online fraud: fraudulent
websites duplicating the Clients' existing websites; websites which
imitate the Clients by using similar domain names or logos; and
unauthorised mobile apps or fake social media pages.
These type of fraudulent 'online impersonations' are used by
cybercriminals to target the Clients' existing and potential new
customers across online financial platforms. The Clients will
therefore benefit from BrandShield's highly automated SaaS
offering, which proactively detects online threats, alerts the
customers, and immediately removes these threats, resulting in
minimal customer involvement.
BrandShield continues to see a high level of demand for its
software from the financial services sector, with its unique
platform ideally placed to detect threats that exist across
multiple digital platforms, as the growing trend of online fraud
continues to permeate across social media, online ads, branded
websites and unauthorised mobile apps.
Yoav Keren, Chief Executive Officer of BrandShield,
commented:
"These wins are an excellent endorsement of both our solutions
and capabilities, as we continue to build on our strong new
business momentum across myriad sectors, demonstrating the very
real need for our cybersecurity solutions.
"These three new customers all approached BrandShield directly
with a unified problem which we are uniquely placed to neutralise.
The Clients, alongside almost anyone who chooses to have an online
presence, have a clear need to protect their customers and their
brand from fraudulent and counterfeit activities, which erode both
goodwill and loyalty if left unchecked, and BrandShield is ideally
placed to support them in this mission."
Enquiries:
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 (J oint Broker)
Toby Gibbs / James Thomas (Corporate Advisory) +44 (0)20 7408
Henry Willcocks (Corporate Broking) 4090
Tennyson Securities (Joint Broker) +44 (0)20 3368
Peter Krens 3554
Vigo Consulting (Financial Public Relations)
Jeremy Garcia / Antonia Pollock +44 (0)20 7390
brandshield@vigoconsulting.com 0237
About BrandShield
BrandShield is a leading cybersecurity company founded in Israel
by cybersecurity experts that protect the world's largest brands
and consumers from phishing attacks, online fraud, and other online
threats posed by dangerous cybercriminals. Through its AI/ML
platform, BrandShield identifies, tracks, and eliminates online
threats for global brands and organizations, including Bristol
Myers Squibb, Levi's, NewBalance, Swisscom, and the Pharmaceutical
Security Institute. BrandShield is quoted on the London Stock
Exchange AIM under ticker symbol BRSD. To learn more about
BrandShield, please visit the company website at
www.BrandShield.com .
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