Contract Win in Financial Services Sector

RNS Number : 9476I

Brandshield Systems PLC

18 August 2021

 

18 August 2021

BrandShield Systems plc

("BrandShield", or the "Company")

BrandShield Contract Win in Financial Services Sector

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 completed a contract with a leading company in the payment processing sector.  This adds to the growing number of clients in the financial services environment.

The auto-renewing, annual SaaS contract will provide protection services to the client against phishing and impersonation attacks, providing an end to end solution from monitoring threats to their take-down. Payment processing customers suffer from large scale impersonation attacks which act as the gateway to further fraudulent activity targeting both online customers and online retailers, the legitimate recipients of the targeted payments.  The brand reputation suffered by the legitimate payments platform can be extreme in terms of negative publicity and confidence amongst retailers and customers in the vast eCommerce space. 

Yoav Keren, co-founder and CEO of BrandShield, said:  

Yoav Keren said: "Payment processing platforms place a huge premium on security and their ability deal with huge volumes of transactions seamlessly and with absolute precision. Threats external to such clients can do a huge amount of damage to their reputation and consequently their ability to attract and retain business relationships.  We are delighted this client has chosen BrandShield to protect its external online security alongside others in the field such as Simplex that secures crypto payment processing."

  For further information please visit  https://www.brandshield.com/   or contact:  

BrandShield Systems plc Yoav Keren, CEO	[phone]
Spark Advisory Partners Limited  (Nominated Adviser) Neil Baldwin / Andrew Emmott / James Keeshan	[phone]
Shore Capital  (Joint Broker)  Toby Gibbs / James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
Tennyson Securities  (Joint Broker) Peter Krens	[phone]
VSC  (PR Agency US) Justin Higgins	[e-mail]

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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 listed 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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