RCS - Brandshield Systems - Partnership with The Sandbox

Brandshield SystemsAnnouncement

21/07/2022 07:00

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RNS Number : 2142T  Brandshield Systems PLC  21 July 2022

21 July 2022

 

BrandShield Systems plc

 

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

 

Partnership with The Sandbox

 

BrandShield joins forces with Web3 gaming metaverse The Sandbox to protect
players from digital asset fraud

BrandShield Systems (AIM: BRSD), a leading provider of cybersecurity solutions
for brand oriented digital risk protection, is pleased to announce the results
of a strategic partnership with The Sandbox, a leading decentralised gaming
virtual world and a subsidiary of Animoca Brands, which was formed to ensure
the safety and security of crypto wallets and NFT assets bought and sold over
the marketplace.

 

Over a two-month period, from March to April of 2022, BrandShield successfully
neutralised 120 phishing sites and 58 fake social media accounts impersonating
the metaverse platform, allowing The Sandbox's economy to operate securely
whilst safeguarding metaverse players from critical online threats.

 

With more than three million registered users trading with 500,000 crypto
wallets, The Sandbox allows users to monetise their activity on blockchain,
enabling them to create immersive 3D worlds in a prime metaverse location.
However, the macro-vulnerability in NFT and crypto markets has prompted the
need for more vigilance. To increase player safety and security, The Sandbox
turned to BrandShield and its holistic approach to external cybersecurity,
marking a significant move towards protecting metaverse players worldwide.

 

To deal with the different methods scammers use to target players, BrandShield
comprehensively mapped, analysed, and classified the threats, first addressing
eliminating attacks on digital wallets. BrandShield then evaluated the threat
level on various digital entities and platforms, including websites, social
media platforms, and NFT trading sites, to ensure The Sandbox users could
safely trade in the metaverse, leveraging its clustering technology to nullify
hundreds of ongoing threats that went undetected by traditional cybersecurity
tech.

 

The takedowns reported are the first data to emerge from the partnership. The
Sandbox continues to employ BrandShield's cybersecurity technology as a client
in its fight against scams, phishing attacks, and other online threats.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"Millions of players are looking to grow their metaverse holdings and increase
the value of digital assets whilst gaming. However, the entire
metaverse/NFT/crypto world is at risk from security issues.

 

For this nascent space to realise its full potential, it's paramount that
crypto and NFT holders can trust the security of their digital wallets and
assets. Our work with The Sandbox is another major step for the industry to
take down cybercriminals and create an environment where everyone can safely
and confidently transact without fear of being defrauded."

 

Sebastien Borget, Chief Operating Officer and Co-Founder of The Sandbox,
added:

 

"In the open metaverse, users should be able to enjoy their true digital
ownership rights and have new ways to create, store, and trade value whilst
having fun, rather than having to worry about online threats.

 

We are pushing our efforts for better prevention through education and by
partnering with best-in class industry actors to maintain the most enjoyable
user experience. With its ability to monitor and protect against these
attacks, BrandShield is a strategic partner to help identify faster and take
down phishing attacks and various online threats from brand impersonators and
bad actors."

 

 

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 (Corporate Advisory)

 Henry Willcocks (Corporate Broking)

 Tennyson Securities (Joint Broker)                   +44 (0)20 3368 3554

 Peter Krens

 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 The Sandbox

The Sandbox, a subsidiary of Animoca Brands, is one of the decentralized
virtual worlds that has been fueling the recent growth of virtual real estate
demand, having partnered with major IPs and brands including Warner Music
Group, Ubisoft, The Rabbids, Gucci Vault, The Walking Dead, Snoop Dogg,
Adidas, Deadmau5, Steve Aoki, Richie Hawtin, The Smurfs, Care Bears, Atari,
ZEPETO, CryptoKitties, and more. Building on existing The Sandbox IP that has
more than 40 million global installs on mobile, The Sandbox metaverse offers
players and creators a decentralized and intuitive platform to create
immersive 3D worlds and game experiences and to safely store, trade, and
monetize their creations. For more information, please visit www.sandbox.game
(http://www.sandbox.game/) and follow the regular updates on Twitter
(https://twitter.com/TheSandboxGame) , Medium
(https://medium.com/sandbox-game) , and Discord
(https://discordapp.com/invite/vAe4zvY) .

 

About Animoca Brands

Animoca Brands, a Deloitte Tech Fast
(https://www2.deloitte.com/cn/en/pages/technology-media-and-telecommunications/events/technology-fast-hongkong-2021.html)
winner and ranked in the Financial Times list of High Growth Companies
Asia-Pacific 2021 (https://www.ft.com/high-growth-asia-pacific-ranking-2021) ,
is a leader in digital entertainment, blockchain, and gamification that is
working to advance digital property rights and contribute to the establishment
of the open metaverse. The company develops and publishes a broad portfolio of
products including the REVV token (https://revvmotorsport.com/) and SAND token
(https://www.sandbox.game/) ; original games including The Sandbox, Crazy
Kings, and Crazy Defense Heroes; and products utilizing popular intellectual
properties including Disney, WWE, Snoop Dogg, The Walking Dead, Power Rangers,
MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox
(https://www.sandbox.game/en/) , Blowfish Studios
(https://www.blowfishstudios.com/) , Quidd (https://market.onquidd.com/) ,
GAMEE (https://www.gamee.com/) , nWay (https://nway.com/) , Pixowl
(http://www.pixowl.com/) , Forj (http://www.forj.network) , Lympo
(https://lympo.io/lmt/) , Grease Monkey Games
(https://www.greasemonkeygames.com/) , Eden Games (https://www.edengames.com/)
, Darewise Entertainment (https://www.darewise.com/) , Notre Game
(https://www.notre-game.com/) , and TinyTap (https://www.tinytap.com/) .
Animoca Brands has a growing portfolio of more than 340 investments, including
Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild
Games, Harmony, Alien Worlds, Star Atlas, and others. For more information
visit www.animocabrands.com (https://www.animocabrands.com/) or follow on
Twitter (https://twitter.com/animocabrands) or Facebook
(https://www.facebook.com/animocabrands) .

 

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For more information, visit  www.brandshield.com
(http://www.brandshield.com/) .

 

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