BrandShield News
11 articles
New 'Digital Risk Protection' Report from BrandShield Reveals Companies Lose $2.1M on Average to Each Online Attack
BrandShield, a global digital risk protection leader, has released its Digital Risk Protection Report, which surveyed 200 Chief Information Security Officers (CISOs) to understand their approach to digital risk protection. The report found that only 6% of companies have avoided cyber attacks since 2020, and that the average cost of a single cyber attack is $2.1M. As a result, 92% of CISOs plan to increase their cybersecurity budgets in 2024. The report also found that mobile apps are seen as the greatest digital security risk.
CustomersInvestment
Global cybersecurity leader BrandShield nets $3.38m
BrandShield, a global cybersecurity company, has raised $3.38m in capital from investors including Gigi Levi Weiss from NFX, Sir Terry Leahy, Joseph Haykov, and William Curry. The company, which provides protection against various cyber threats through its AI/ML platform, has decided to delist from the London Stock Exchange (LSE) to accelerate its growth and increase its valuation. Since its Reverse Takeover (RTO) on the LSE in December 2020, BrandShield’s Annual Recurring Revenue (ARR) has increased significantly, and net losses have been reduced by 53%.
InvestmentPublic Trading
BrandShield Systems CFO Ravit Freedman Steps Down With Immediate Effect
BrandShield Systems, a London-listed cybersecurity company, announced the immediate resignation of its Chief Financial Officer, Ravit Freedman. The companys financial control function will continue to be managed by the accounting team in Israel and its outsourced finance function in the U.K., under the oversight of CEO Yoav Keren. The process to appoint a successor has begun and an announcement will be made in due course.
Management Changes
BrandShield Recognized by Frost & Sullivan as a Leader in Digital Risk Protection Services
BrandShield Systems unveils AI solution aimed at the $3 billion NFT economy
BrandShield Systems plc has unveiled NFT Shield, an AI solution aimed at combating digital asset fraud in the NFT economy. The product brings real-time intelligence and enforcement capabilities to major NFT marketplaces. BrandShield is offering the service for free to new and existing customers for a limited time. With the growth of the NFT space, the proliferation of digital asset fraud poses a high risk to brands, marketplaces, and customers. NFT Shield, combined with BrandShields existing solutions, provides comprehensive protection against external threats. The company has also joined the Blockchain Game Alliance to promote blockchain technology within the gaming industry.
CustomersPartners
The Sandbox Brings on Security Firm BrandShield to Prevent Rising NFT Fraud
The Sandbox has hired BrandShield to ensure the safety of crypto wallets and NFTs on its marketplace. BrandShield will monitor and protect against attacks on crypto wallets and evaluate threat levels from different digital entities. The partnership aims to eliminate phishing attacks and online threats from brand impersonators and bad actors. The Sandbox has also committed to educating its users about fraud prevention methods. In March and April, BrandShield neutralized 120 phishing sites and 58 fake social media accounts impersonating The Sandbox. The partnership with BrandShield is expected to help The Sandbox operate securely and provide a better user experience.
PartnersCustomers
שיתוף הפעולה בין חברת הסייבר הישראלית וחברת המסחר בקריפטו
Coinmama, a cryptocurrency trading company, has partnered with Israeli cybersecurity company BrandShield to monitor and remove online threats. Coinmama has gained recognition as a leading company in the industry, attracting fraudulent actors who attempt to steal from its investors. BrandShield has used its technology to identify and remove fake websites impersonating Coinmama. The cryptocurrency market is expected to be valued at $4.94 billion by 2030, but inconsistent regulations and the digital nature of the industry make it a target for cybercriminals. In the US alone, $80 million has been reported lost to cybercriminals between October 2020 and April 2021. The partnership aims to protect Coinmamas investors from online threats.
Partners
Cybersecurity co BrandShield listing on London's AIM
Israeli cybersecurity company BrandShield is listing on Londons Alternative Investment Market (AIM) through a reverse merger with Two Shields Investments plc. BrandShield has developed an AI-powered online anti-counterfeiting solution. The merger involves buying shares not held by Two Shields for £13.2 million, providing £3.2 million in new funding to support BrandShields growth strategy. BrandShield will become the first new Israeli company to list on AIM since 2018.
Public TradingInvestment
BrandShield Launches ElectionShield Product to Protect Political Campaigns From Online Threats
"We want to soothe fears about cryptocurrencies"
The article discusses the growth of the cryptocurrencies market and the increase in investments in the sector. It highlights the alarming increase in digital currency fraud cases and the need for solutions to protect investors. BrandShield, an Israeli company, has developed a blockchain platform called MyShield to detect fraud in the cryptocurrencies sector. The company is planning to raise up to $30 million through an initial currency offering (ICO) and aims to make cryptocurrencies accessible to the public by providing protection against fraud. MyShield offers a system to warn users about phishing websites, attempted fraud, and breached websites, and also takes responsibility for deals and compensation in case of fraud. The company is targeting a critical mass of active users to ensure the success of its platform.
Investment
BrandShield launches MyShield to protect users from cryptocurrency scams
BrandShield has announced a collaboration with Cool Cousin and Zeex to launch an anti-scam platform called MyShield. MyShield combines AI with community feedback to protect cryptocurrency users from scams and offers incentives for marking suspicious activities. The platform is currently in a private token sale and plans to launch the beta version in Q1 2019.
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