Two Shields shares up as investee BrandShield launches election product
By Josh White
Date: Friday 21 Feb 2020
(Sharecast News) - Technology-focussed investment company Two Shields Investments noted an announcement from its investee company BrandShield on Friday, regarding the launch of its 'ElectionShield' product.
The AIM-traded firm has an 11.34% equity stake and a $0.8m convertible loan note in the cyber-security and brand protection provider.
It said BrandShield's ElectionShield product was designed to protect political campaigns from online threats, such as fraudulent fundraising sites, phishing, social phishing, and impersonation.
ElectionShield would use BrandShield's technology to protect political campaigns and candidates from a "growing range" of online threats, it explained.
In its announcement, BrandShield said recent years had seen a "proliferation" of false social media content, in some cases using 'deep fake' video, designed to attack politicians.
It noted that according to the Guardian, at a US Senate intelligence committee hearing in May 2018, the Republican senator Marco Rubio warned that 'deep fakes' would be used in "the next wave of attacks against America and western democracies".
BrandShield claimed it could provide political candidates with the tools to monitor, detect and takedown such threats, through an artificial intelligence (AI)-based technology, and an "online threat hunters" team.
"Good campaigns that communicate with voters are central to well-run elections and referendums," said BrandShield chief executive officer Yoav Keren.
"In terms of online campaigning, the growing range of threats, such as social impersonation, social phishing, fraudulent fundraising and fake news, weakens people's faith."
Keren said that, having been a political campaigner, he was aware how important it was to ensure such faith was maintained.
"I am delighted that we have been able to use BrandShield's proven technology in the political arena."
At 1135 GMT, shares in Two Shields Investments were up 14.53% at 0.11p.
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