RCS - Brandshield Systems - Extended contract signed with crypto currency firm

Brandshield SystemsAnnouncement

15/04/2021 07:00

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RNS Number : 4659V  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/
(https://www.brandshield.com/)  or contact:

 

 BrandShield Systems plc                                              +44 (0)20 3143 8300

 Yoav Keren, CEO

 Spark Advisory Partners Limited (Nominated Adviser)                  +44 (0)20 3368 3554

 Neil Baldwin / Andrew Emmott / James Keeshan

 Shore Capital (Joint Broker)                                         +44 (0)20 7408 4090

 Toby Gibbs / James Thomas / Sarah Mather (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                                   +44 (0)20 7186 9033

 Peter Krens

 

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
(http://www.brandshield.com/) .

 

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