RCS - Brandshield Systems - Launch of Free AI Solution

Brandshield SystemsAnnouncement

20/10/2022 07:00

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RNS Number : 4061D  Brandshield Systems PLC  20 October 2022

20 October 2022

 

BrandShield Systems Plc

("BrandShield" or the "Company")

 

Launch of Free AI Solution

 

BrandShield Unveils Free AI Solution to Monitor, Detect and Remove Digital
Asset Fraud

Targeting Online and Web3 Marketplaces

BrandShield Systems plc (AIM: BRSD),  a leading provider of cybersecurity
solutions for brand oriented digital risk protection, today unveils NFT
Shield(TM), a bespoke AI solution aimed at the $3 billion
(https://www.marketsandmarkets.com/Market-Reports/non-fungible-tokens-market-254783418.html#:~:text=%5B111%20Pages%20Report%5D%20The%20Non,35.0%25%20from%202022%20to%202027.)
NFT economy. NFT Shield(TM) is the industry's first cybersecurity product to
bring real-time intelligence and enforcement capabilities to combat digital
asset fraud across major NFT marketplaces.

 

Using AI/ML capabilities to detect a wide array of threats like fake listings,
trademark infringements, scams, impersonations and more, the Company is
offering the service as a free service to new and existing customers for a
limited time.

 

In 2022 alone, Web3 projects have reported losses of over $2 billion
(https://www.certik.com/resources/blog/7fuXtbfo4CXEXcwy5Pqijp-hack3d-the-web3-security-quarterly-report-q2-2022)
(1) to hacks and cyberattacks. With the market's growth, analysts predict that
the crypto and NFT space will be valued at $13.6 billion in the next five
years
(https://www.marketsandmarkets.com/PressReleases/non-fungible-tokens.asp) (2),
and the proliferation of digital asset fraud poses a high risk to brands,
marketplaces, and customers.

 

NFT Shield(TM), when combined with BrandShield's website and social media
monitoring solution, delivers a comprehensive approach that protects against
all external threats. The product is designed for brands selling NFTs and
others that need to protect their brand and trademarks across NFT
marketplaces, so they can defend themselves against scammers and impersonators
looking to deceive consumers into purchasing counterfeit products.

 

Features and benefits of the platform include:

 

·      AI-based threat mapping - BrandShield uses AI to automatically
prioritise threats and provide efficient and quick takedowns as they appear.

 

·      Comprehensive threat detection - NFT Shield(TM) works across all
NFT trading channels to stop attacks at every stage they may occur.

 

·      Real-time trademark and fake listings enforcement - BrandShield
proactively searches for and detects infringements, including logos and visual
trademarks, to remove them as they surface in real-time.

 

BrandShield offers comprehensive identification and removal of threats across
domains, marketplaces - like Amazon and Alibaba - and social media. The
Company already supports dozens of companies in the cryptocurrency industry
and operates as the leading digital risk protection solution for brands like
Bang & Olufsen, Levi's, and The Sandbox, a leading decentralised gaming
virtual world and a subsidiary of Animoca Brands.

 

In conjunction with introducing its new product, BrandShield is also proud to
announce it has joined the Blockchain Game Alliance ("BGA"). The BGA is
committed to spreading awareness about blockchain technology and promoting
blockchain within the game industry. Joining other leaders in the Web3 space
such as The Sandbox, OpenSea, and MetaMask, BrandShield aims to further these
missions whilst also establishing common standards and best practices in the
gaming community.

 

Yoav Keren, CEO of BrandShield Systems plc, said:

 

"Our breadth of experience across traditional finance industries and
decentralised platforms has allowed us to design a comprehensive and effective
solution against the sophisticated attacks we're seeing targeting the NFT
industry. We're excited to offer this robust service as we continue our work
alongside our partners to protect the integrity of the ecosystem and ensure
that NFT holders' digital assets and wallets are protected from fraudsters."

 

For more information about BrandShield's NFT Shield(TM), please visit:
https://www.brandshield.com/products/nft-shield/
(https://www.brandshield.com/products/nft-shield/)

 

(1)
https://www.certik.com/resources/blog/7fuXtbfo4CXEXcwy5Pqijp-hack3d-the-web3-security-quarterly-report-q2-2022
(https://www.certik.com/resources/blog/7fuXtbfo4CXEXcwy5Pqijp-hack3d-the-web3-security-quarterly-report-q2-2022)

(2) https://www.marketsandmarkets.com/PressReleases/non-fungible-tokens.asp
(https://www.marketsandmarkets.com/PressReleases/non-fungible-tokens.asp)

 

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

 Toby Gibbs / James Thomas / Liam Zabludowicz (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.

 

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