RCS - Brandshield Systems - Spike in E-Commerce Fraud ahead of Cyber Monday

Brandshield SystemsAnnouncement

25/11/2021 07:00

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RNS Number : 5261T  Brandshield Systems PLC  25 November 2021

25 November 2021

 

BrandShield Systems plc

 

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

 

BrandShield Report Shows Spike in E-Commerce Fraud Leading Up to Cyber Monday

 

-      Cybercriminals increasingly targeting brands including Nike, Apple
and PlayStation

 

BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity
solutions from brand protection to online threat hunting, announces new data
regarding the rise of e-commerce fraud ahead of another potentially
record-breaking Black Friday shopping event, which saw consumers spend over $9
billion online during 2020.

 

BrandShield's report analysed the top products across popular consumer
categories including apparel, luxury goods and electronics leading up to the
holiday season. Through a deep analysis of websites, domain names and social
platforms, the Company found that domain registrations relating to popular
electronic brands and consumer products increased dramatically. From October
2020 to November 2020, PlayStation and Nike were the first and second most
targeted brands, with suspicious related domain registrations increasing by
127% and 88% respectively. Suspicious domain registrations for Airpods
increased 81% over the same period.

 

The report also found that online stores for big-box retailers and online
marketplaces were popular targets for cybercriminals, with suspicious domain
registrations related to online retailers increasing markedly from October
2020 to November 2020. Target, BestBuy, and Costco saw domain registrations
increase by 138%, 89%, and 141%, respectively.

 

BrandShield has provided consumers with a number of tips to help combat the
mounting threat of seasonal shopping fraud analysed within their report. This
includes being aware of typos within website URLs, grammatical or spelling
errors across websites, text or private messages through social media
platforms, negative reviews and padlock images to the left of a URL on the web
browser, all of which indicate that the website is likely to be fraudulent.

 

Yoav Keren, Chief Executive Officer of BrandShield, commented:

 

"We anticipate cybercriminal activity targeting online shoppers to intensify
further this year, and we have already begun seeing an uptick of fraudulent
product listings and websites. The critical holiday shopping period calls for
even more vigilance by consumers to make sure they are not giving up sensitive
personal or financial information to fraudsters looking to capitalise on deal
seekers."

 

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 / Antonia Pollock

 brandshield@vigoconsulting.com

 

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

 

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