BrandShield, the AI-powered cyber intelligence company battling online brand abuse and scams, today announced its partnership with AmaZix, the world’s leading community management and engagement firm for crypto startups. As part of this partnership, AmaZix will provide BrandShield’s anti-phishing solution to all of its customers in the fight against fraud in crypto-communities. The BrandShield solution includes constant monitoring that proactively detects and removes threats from social platforms and websites.
BrandShield was established in 2014 as a cloud platform to revolutionize the way organizations fight brand abuse – from detection to takedown. Due to the high incidence of brand abuse and scams in the cryptosphere, it is a natural fit for BrandShield’s expertise. BrandShield has taken the initiative a step further with the announcement of MyShield, a next-generation, decentralized, anti-scam platform which will benefit from the collective wisdom of the crowd.
It is estimated that $670 million-worth of cryptocurrency was lost to scammers in Q1 20181. As the market cap has increased year-on-year, and thanks to its anonymous nature, scammers are attracted to crypto. AmaZix is the curator of more than 130 crypto community channels. It is at the coal face of fraudulent activity and phishing attempts, and actively works every day to protect its clients and the wider community. With this partnership, AmaZix’s clients will benefit from an additional layer of protection from BrandShield’s AI-powered technology.
“AmaZix prides itself on working as a partner to its crypto startup clients, working alongside the founding team to build a supportive community for the best crypto startups. A big part of this work is keeping the community safe by being vigilant to scamming activity,” said Jonas Sevel Karlberg, CEO of AmaZix. “The community is nothing without trust, confidence, and the best security measures being put into place. BrandShield’s exceptional technology makes this a reality, not only for us, but for all of the clients that we support and represent.”
“The recent collaboration and multilayer partnership with AmaZix is a major step towards creating a secure ecosystem for the blockchain world,” says Yoav Keren, CEO of BrandShield. “Scams are plaguing this industry, slowly stripping away layers of trust with the public. We want to instill a sense of confidence and security back into the space, and start with some of the biggest names in the industry.”