Two Shields Investments plc, the AIM quoted investment company with a strategy to build a high-quality portfolio of investments in fast growing and scalable digital and technology enabled businesses.
Is pleased to reproduce the following announcement issued by BrandShield, in which it currently has an 11.34% shareholding and a Convertible Loan Note subscription of $1.8m.
“BrandShield launching proof of concept in partnership with NTT DATA
24 August 2020: BrandShield, a leading provider of cyber solutions from brand protection to online threat hunting, is pleased to announce its partnership with Trusted Global Innovator, NTT DATA. The two companies are performing a proof of concept on a new anti-phishing technology solution to help protect a leading Japanese financial organisation.
BrandShield and NTT DATA are providing the organisation with a holistic online threat hunting solution, including proactive monitoring, detection of potential phishing websites, and identifying online impersonations. Furthermore, BrandShield will take down the online threats. The solution incorporates BrandShield’s market-leading anti-phishing software and NTT DATA cyber security expertise. NTT DATA is a top 10 global business and IT services provider with more than 130,000 professionals in over 50 countries.
Like many countries, Japan has experienced a steep rise in criminal cyber activity as a result of the COVID-19 pandemic. Since the crisis began, BrandShield’s online threat detection system has revealed a surge in fraudulent online activity, with key sectors being targeted including pharmaceuticals, medical supplies, banking, loan providers, entertainment, online gaming and logistics companies. Some of the biggest threats are cybercriminals who are trying to capitalise on fears around the disease, and in many cases using the identities of known companies or brands to trick worried consumers and employees. Attacks have included phishing sites, social phishing, fraudulent e-commerce sites, and fake medicine.
Yoav Keren, CEO, BrandShield, said : “Working with NTT DATA on this proof of concept project is very exciting. For financial organisations, phishing attacks are hugely damaging even in the best of times. The pandemic has amplified the problem. BrandShield already protects some of the biggest corporations in the world, and we take down thousands of threats across websites and social media. This project is an exciting opportunity for us to tighten our relationship with a market leader like NTT DATA and together, expand our foothold in the Japanese market.”
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