RCS - Brandshield Systems - Global Surge in Qatar World Cup Cyber Fraud

Brandshield SystemsAnnouncement

08/12/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221208:nRSH9870Ia&default-theme=true

RNS Number : 9870I  Brandshield Systems PLC  08 December 2022

8 December 2022

 

BrandShield Systems plc

 

("BrandShield," the "Company," or the "Group")

 

BrandShield Report Demonstrates Global Surge in Qatar World Cup Cyber Fraud

 

-      Cybercriminals increasingly targeting individuals around world's
biggest sporting event

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions for brand oriented digital risk protection, announces new data
regarding the prevalence of website, marketplace and social media fraud
related to the 2022 FIFA World Cup in Qatar.

 

BrandShield's in-depth report monitored websites, domain names, social media
platforms and marketplaces between February and October 2022, detecting almost
10,000 domain registrations which include the terms 'FIFA', 'World Cup' or
'Qatar'. 'World Cup' and 'FIFA' were the two most popular targeted
impersonations, with domain registrations increasing 252% and 137% across the
period respectively.

 

In addition to rogue websites, BrandShield has identified a vast range of
social media World Cup phishing scams. Cybercriminals are continuing to create
fraudulent ticket and news pages on leading social media platforms in an
attempt to deceive individuals into visiting malicious sites and revealing
personal information, and BrandShield anticipates that these scams will
proliferate in December.

 

The report also found that online marketplaces have been popular targets for
cybercriminals, with trademark infringement commonplace throughout the period.
Malicious actors are registering suspicious domains to pose as e-commerce
platforms, alongside offering counterfeited World Cup and football themed
merchandise and memorabilia to exploit consumers on these fake websites as
well as on well-known e-commerce platforms.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"By posing as official websites, social media accounts, and e-commerce
dealers, cybercriminals are capitalising on a significant opportunity to
defraud individuals worldwide and obtain sensitive personal data. Given the
global popularity of football, individuals should remain vigilant online
throughout the World Cup as we expect this activity to intensify further as
the tournament progresses."

 

Enquiries:

 

 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 (Broker)                               +44 (0)20 7408 4090

 Toby Gibbs / James Thomas (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Vigo Consulting (Financial Public Relations)         +44 (0)20 7390 0237

 Jeremy Garcia / Kendall Hill

 brandshield@vigoconsulting.com

 

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 social phishing, executive impersonation, fraud, brand abuse, and
counterfeits.

 

About Reach announcements

Reach is an investor communication service aimed at assisting listed and
unlisted (including AIM quoted) companies to distribute media only /
non-regulatory news releases such as marketing messages, corporate and product
information into the public domain. An RNS Regulatory announcement is required
to be notified under the AIM Rules for Companies.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFSAEFWEESEDE