DeviceSHIELD combats rising cyber fraud amid COVID-19 pandemic
SHIELD’s cyber security solution offers free, real-time risk intelligence to online businesses

SHIELD, a global cyber security provider and compliance solution, has launched a new cyber fraud solution to help small businesses safeguard their online business amid the COVID-19 pandemic.
Dubbed DeviceSHIELD, this cyber security solution examines the authenticity of a digital device and offers real-time actionable intelligence so business owners can identify counterfeit mobile devices and avoid fraudulent transactions.
SHIELD says DeviceSHIELD analyzes thousands of attributes to identify and flag a fake device and pinpoint exactly which malicious tools a device uses to commit the fraud. According to reports, hackers use many stealthy tools to infiltrate safety systems, including emulators, app cloners, virtual private networks (VPNs) and global positioning system (GPS) spoofers.
Another interesting DeviceSHIELD feature is continued risk profiling throughout a user session. Based on risk-level, DeviceSHIELD assigns a numerical value or risk score to each device interaction. Users can leverage DeviceSHIELD can act as a standalone solution or with existing cyber security systems.
RELATED RESOURCE
The essential cyber security toolkit for SMBs
Practical tips for cyber security training
"More online transactions means more vulnerabilities to cyber fraud, and the COVID-19 pandemic has made this more relevant than ever," said Justin Lie, CEO of SHIELD.
"43% of online attacks are now aimed at small businesses, with only 14% actively prepared to defend themselves. We have created a technology to protect online industries we believe are worst affected by COVID-19. However, any businesses with less than 100,000 monthly active users will receive it for free, which equates to roughly 90% of all online businesses."
Sign up today and you will receive a free copy of our Future Focus 2025 report - the leading guidance on AI, cybersecurity and other IT challenges as per 700+ senior executives
-
Using WinRAR? Update now to avoid falling victim to this file path flaw
News WinRAR users have been urged to update after a patch was issued for a serious vulnerability.
-
Amazon CEO Andy Jassy doubles down on the company's AI focus
News Amazon CEO Andy Jassy thinks companies need to "lean into" AI and embrace the technology despite concerns over job losses.