Welcome to our dedicated page for Blackberry news (Ticker: BB), a resource for investors and traders seeking the latest updates and insights on Blackberry stock.
BlackBerry Limited (BB) provides mission-critical cybersecurity solutions and embedded systems for global enterprises. This news hub offers investors and professionals timely updates on strategic initiatives across automotive security, artificial intelligence applications, and enterprise endpoint management.
Access all official press releases and market analyses in one centralized location, including earnings announcements, product innovations, and partnership developments. Our curated collection enables efficient tracking of BlackBerry's progress in securing connected vehicles, industrial IoT ecosystems, and government communications infrastructure.
Key updates cover regulatory filings, technology licensing agreements, and cybersecurity threat response initiatives. Bookmark this page for direct access to BlackBerry's evolving position in data protection markets and its QNX platform's expanding role in software-defined vehicles.
BlackBerry Limited (NYSE: BB) has announced an extended partnership with Solutions Granted, naming it a Master Managed Security Services Provider (MSSP). This collaboration aims to enhance cybersecurity services for small and medium-sized businesses (SMBs), addressing the increasing demand for security solutions. Solutions Granted has been recognized as BlackBerry MSSP Partner of the Year for North America for five consecutive years. The upgraded partnership positions Solutions Granted to better deliver Managed Detection and Response (MDR) and other services to its clients, leveraging BlackBerry's Cylance AI-powered portfolio. BlackBerry emphasizes its commitment to MSSP partnerships, aiming to help SMBs navigate the evolving cybersecurity landscape.
BlackBerry Limited (NYSE: BB) released its Quarterly Global Threat Intelligence Report on April 25, 2023, highlighting a surge in cyberattacks targeting key industries, particularly financial institutions, healthcare providers, and food retailers, which represent 60% of all attacks. The company's Threat Research team thwarted over 1.5 million cyber threats from December 2022 to February 2023, with a notable rise in unique malware samples detected. The report indicates that geopolitical tensions are exacerbating cybersecurity risks, with Russia's actions contributing significantly to the threat landscape. Additionally, the report outlines the increasing use of AI in both cyberattacks and defenses, emphasizing the need for enhanced cybersecurity measures across various sectors.
BlackBerry Limited (NYSE: BB; TSX: BB) unveiled a revamped AI-based Cylance® cybersecurity portfolio, aimed at providing enhanced security assurances to organizations with reduced operational complexity. Key updates include a 90% reduction in alert fatigue, faster incident response, and improved support for zero trust network access (ZTNA). The upgraded offerings include:
- CylanceENDPOINT™ - Enhanced endpoint security with a simplified investigation and response workflow.
- CylanceGUARD® - New internal communication capabilities during cyber incidents.
- CylanceEDGE™ - Secure and efficient access to SaaS applications.
- CylanceINTELLIGENCE™ - Accessible threat intelligence for proactive defense.
- BlackBerry® UEM - Improved eSIM management to mitigate risks.
This comprehensive portfolio aims to bolster cybersecurity for organizations of all sizes amid increasing cyber threats.
BlackBerry Limited (NYSE: BB) held a press conference at Hannover Messe in Germany on April 19, 2023, presenting findings from its Manufacturing Cybersecurity Study. The survey of 1,500 IT decision-makers highlighted significant concerns around cybersecurity threats, with 86% reporting reliance on outdated legacy systems. Key insights include that 75% are worried about nation-state attacks, while 68% find their operational technology (OT) infrastructure hard to defend. The company emphasizes the growing threat landscape, particularly from ransomware and phishing attacks, and the necessity for modernization in the sector. The average cost of a data breach in industrial settings is revealed to be significantly higher than many manufacturers anticipate, estimated at over $4.24 million, compared to their own expectations of $250,000.
On April 17, 2023, BlackBerry announced a significant report from McKinsey highlighting the convergence of cybersecurity and the Internet of Things (IoT) as critical for unlocking a total addressable market (TAM) of up to $750 billion by 2030. This estimation represents a 50% increase over current forecasts. The report emphasizes that digital trust is a key factor in purchase decisions for 61% of IoT buyers. BlackBerry is positioned uniquely to capitalize on this convergence, leveraging its expertise in securing interconnected IoT ecosystems. John Chen, Executive Chairman & CEO, noted that their strategy aligns with these market insights, reinforcing their leadership in cybersecurity and IoT. The report and BlackBerry’s role were independently validated, highlighting the company’s commitment to delivering secure connectivity solutions.
