Memcyco Secures $10M to Combat Brandjacking

Memcyco, a cybersecurity company, has raised $10M to help protect businesses from brandjacking. Brandjacking is when someone misuses or takes control of a business’s brand name and reputation for their gain. Memcyco provides solutions to combat this threat by monitoring potential attempts at phishing and other malicious activities that can lead to brandjacking.

Most brands that adopt Memcyco’s solution begin with its monitoring tools which allow them to detect any suspicious activity before it becomes an issue. The tools alert the company if there is any unauthorized use of their trademarked logos or names as well as possible phishing attempts targeting customers or employees using the company’s name in emails, websites, social media posts, etc.

The money raised will be used by Memcyco for further development of its products and services so they can better protect businesses from these types of threats in the future. With more companies becoming aware of how important it is to secure their online presence against cybercriminals who target vulnerable brands for financial gain, investing in such security solutions makes perfect sense now more than ever before.