TIDMTSI
Two Shields Investments PLC
27 March 2020
Two Shields Investments plc
("TSI", or the "Company")
Brandshield Update
Following an announcement on 25 March 2020 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 provide the following link to a interview conducted by Yoav
Keren, CEO of BrandShield, with Iain Dale on the national radio
station, LBC. The interview took place at 7.45pm on 25 March
2020.
https://netdemo.uk/twoshields/audio/
The interview was based on the increase in online fraud and
scams identified by BrandShield in the wake of the Coronavirus
pandemic.
A further link to an interview with LBC can be found at the
following link:
https://www.lbcnews.co.uk/uk-news/how-do-i-spot-and-avoid-coronavirus-fraud/
Links to both interviews are also available on the Company's
website at:
https://twoshields.co.uk/investors/in-the-media
The Company's announcement of 25 March 2020 is reproduced below
to add context.
TSI currently has an 11.34% shareholding in BrandShield and a
Convertible Loan Note subscription of $1.8m.
"CORONAVIRUS HAS LED TO A 'HUGE' INCREASE IN ONLINE FRAUD AND
SCAMS
WARNS BRANDSHIELD
BRANDSHIELD CEO YOAV KEREN CALLS ON COMPANIES
TO WORK TOGETHER TO NEUTRALISE THE THREAT
25 March 2020: BrandShield, a leading provider of cyber
solutions from brand protection to online threat hunting, has today
warned that it has detected a huge increase in scams and social
phishing to capitalise on the Coronavirus. While Governments and
tech platforms are focused on the spread of fake news about the
disease, cybercriminals are increasingly attacking companies and
customers with scams.
Since the crisis began, BrandShield's online threat detection
system revealed a surge in fraudulent online activity, with key
sectors being targeted including pharmaceuticals, medical supplies,
banking, foreign exchange, loan providers, entertainment, online
gaming and delivery 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.
Attacks have included:
-- Phishing sites and Social phishing : As companies move to
working remotely, hackers are taking advantage of new and less
established working practices, by pretending to be customers or
suppliers to trick employees. This includes creating phishing sites
impersonating a company's home page or company internal portal.
These are often combined with scams which include impersonation on
social media platforms or phishing emails to trick employees into
giving money away e.g fake invoices. This is a significant threat
that most companies are not prepared for. Company's customers are
also more exposed to scams and financial fraud as many more
transactions are now performed online.
-- Fraudulent ecommerce sites: There has been an increase in
sites allegedly selling face masks, hand sanitizer, and even
COVID-19 tests. Many of these are straight forward financial fraud
websites who steal customers' money while others are sending
dangerous counterfeit products.
-- Fake medicine: There has been an increase in sites offering
medicines with claims that they can fight the Coronavirus. For
example, this site says it sells Aralen Chloroquine - a Malaria
medicine - claiming it can be used to treat people infected with
the Coronavirus.
To combat the threat, BrandShield is calling on companies
to:
-- Monitor - always monitor the digital sphere to find any fraud related to their brands fast.
-- Enforce fast - make sure you respond fast and effectively to
take down fake sites and fake social media users or posts.
-- Educate and warn your employees and customers - proactively
communicate to highlight the dangers.
-- Manage and control - manage a complete online threat
intelligence map, prioritize the potential threats, control
reactions and monitor their results.
-- Proactiveness - Finding vulnerabilities and securing your
weak spots. For example, remove old websites that might be used for
fraud.
At the same time, users need to be aware of the warning signs of
a scam including:
-- Update all protection software including firewall, antivirus and antispam
-- Be alert to unrealistic prices (if you are not sure make online window shopping)
-- Look for details that do not seem legitimate: expiration
dates, storage location, origin of seller
-- Before buying or entering information click on the certification icon (SSL) to validate
-- Do not trust links from social media, text messages and apps,
check the origin, look for misspelling or special characters in the
domain name
-- Check feedback score and reviews. Read some with low ratings.
-- Only trust companies and brands with verified icon (blue V sign) in social media
Yoav Keren, CEO, BrandShield, said: "As the world goes into
lockdown, and people are spending more and more time online,
Cybercriminals are upping their game. We are seeing increasing
numbers of fake websites and social phishing, all with the aim of
stealing people's money, and taking advantage of people's
legitimate concerns about the Coronavirus. There needs to be a
concerted effort to combat this by Companies and the Authorities.
"
Notes to editor
Yoav Keren, Brandshield CEO, is available for interview via
video link to discuss these issues, and provide a demonstration of
how these scams work. Please contact Robin Tozer
(robin.tozer@newgatecomms.com) or Jamie Williams
jamie.williams@newgatecomms.com).
Examples of fraudulent activity:
-- https://www.buyn95maskonline.com/
-- https://www.n95coronavirusmaskitaly.com/
-- https://www.n95masksale.com/
-- http://n95maskealisveris.club/
-- http://n95maskeal.club/
-- http://n95masksinstock.com/
-- https://es-rx.com/aralen-en.html?key=Aralen
-- http://www.paulsheppardbooks.co.uk/
-- https://www.bzfuture.com/burst-sells "
For further information please visit https://twoshields.co.uk/
or contact:
Andrew Lawley Two Shields Investments Tel: +44 (0)20
plc 3143 8300
Spark Advisory
Neil Baldwin / Partners Limited +44 (0) 20 3368
Andrew Emmott (Nominated Adviser) 3554
Turner Pope Investments
(TPI) Ltd +44 (0) 20 3621
Andy Thacker (Joint Broker) 4120
Optiva Securities
Limited +44 (0) 20 3137
Robert Emmett (Joint Broker) 1902
Robin Tozer / Bob +44 (0) 20 3757
Huxford Newgate Communications 6880
Notes to Editors:
Two Shields Investments plc, the AIM quoted investment company
with a strategy to build a portfolio of high-quality investments in
fast growing, scalable digital and technology enabled businesses,
including those in the cyber security, e-commerce services and
consumer sectors. The Company has appointed an experienced Board of
Directors with a proven pedigree in the origination, acquisition,
development & sale of projects and creating value for
shareholders. The investment mandate covers unquoted and quoted
businesses, as well as direct project investment. Where appropriate
the Board will apply its extensive combined experience to directly
support investee businesses achieve their growth potential.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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