BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions from brand protection to online threat hunting, is pleased to announce that it has completed a contract with a further customer in the pharmaceutical industry.
This follows previous pharmaceutical sector contracts with the Pharmaceutical Security Institute and Bristol Myers Squibb announced in November 2020 and December 2020 respectively. It is one of a number of additional clients secured in June over and above the 18 new clients BrandShield secured between January and May 2021 which the Company revealed alongside the publication of its 2020 Accounts on 21 June 2021.
The customer, which is based in Europe, has signed an annual recurring contract with BrandShield to protect several of its drugs from online threats which have become increasingly prevalent during the COVID-19 crisis. These threats cut across standalone websites, social media platforms and ecommerce marketplaces.
Yoav Keren, co-founder and CEO of BrandShield, added: “”The pharmaceutical industry is probably the most complex category in brand protection and requires inter-disciplinary expertise. Companies operating in the sector are affected from threats across the entire external cyber security spectrum that BrandShield covers, those being phishing, fraud, impersonation, counterfeit sales, social phishing and brand abuse. It is critical given the fact that the brand protection risk in the pharmaceutical sector is directly connected to public safety and therefore requires a holistic solution. BrandShield has proven capabilities to provide a comprehensive solution from the detection of the threats through to their takedown using its state of the art SaaS platform. BrandShield already protects over one hundred different pharmaceutical brands and drugs online. The Company believes this growth trend will continue and BrandShield will lead the protection effort in this category, amongst others”.
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 listed on the London Stock Exchange AIM under ticker symbol BRSD. To learn more about BrandShield, please visit the company website at www.BrandShield.com.
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