Three customer wins in the fintech sector

RNS Number : 5759O

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 Yoav Keren, CEO	[phone]
Spark Advisory Partners Limited (Nominated Adviser) Neil Baldwin / Andrew Emmott / James Keeshan	[phone]
Shore Capital (J oint Broker) Toby Gibbs / James Thomas (Corporate Advisory) Henry Willcocks (Corporate Broking)	[phone]
Tennyson Securities (Joint Broker) Peter Krens	[phone]
Vigo Consulting (Financial Public Relations) Jeremy Garcia / Antonia Pollock [e-mail]	[phone]

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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