BrandShield Systems plc (AIM: BRSD), a leading provider of cybersecurity solutions for brand oriented digital risk protection, is pleased to announce that it has secured a new business contract with a leading pharmaceutical company ('the Client'). This comes as part of an ongoing growth in sales and the closing of several new customers since the beginning of 2022.
BrandShield will provide advanced brand protection for the Client, deploying its highly automated SaaS offering to identify and eradicate online threats, including fake pharmacies.
Geographically, BrandShield will focus on utilising its innovative software services to prevent cybercriminals across Asia and Oceania from jeopardising the Client's operations, alongside safeguarding users and improving the experience of the Client's customer base.
The mandate expands BrandShield's portfolio of pharmaceutical clients, which includes partnerships with the Pharmaceutical Security Institute and Bristol Myers Squibb, where BrandShield has leveraged its unique capabilities to detect and remove rogue pharmacies and fraudulent drug listings from the online space.
Yoav Keren, Chief Executive Officer of BrandShield, commented:
"This win is an example of one of several new mandates BrandShield has already secured in 2022, strengthening our reputation as a leading provider of digital risk protection solutions for companies across a wide array of sectors.
"BrandShield has a proven track record of successfully identifying and eradicating critical online threats to global pharmaceutical companies and we look forward to extending our leading position in the pharmaceutical space, one of many exciting opportunities in our pipeline for the near to medium term."
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.
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