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Hidden Defense
The person that originally edited the article to say 20 def had made very few edits and had edited the information of the beholder to say 20 def too.
I'm of the opinion that the person might have just simply got it wrong rather than anything else but the community ran with it since the dragon shield was so rare and valued instead of reverting the value like for the beholder.
It would help if someone could test the defense to confirm though. Like, it wouldn't be too hard to get 0 protection (untamed broadstick) with a dragon shield and have an alt in -max gear with fixed damage attack in PvP. That's just my idea though, there are probably better ways.