BlackBerry Limited - BB STOCK NEWS

New research from Make UK and BlackBerry reveals that 42% of UK manufacturers experienced cybercrime in the past year, with 26% reporting significant financial losses between £50,000 and £250,000. The study highlights that while 95% of manufacturers acknowledge the necessity of cybersecurity measures, over half (54%) have not taken further action. Major risks include legacy IT systems (45%) and lack of cyber skills (38%). Despite improvements, many remain vulnerable to cyber threats, particularly from nation-state actors. The report emphasizes the urgent need for enhanced cybersecurity protocols.

BlackBerry Limited (NYSE: BB; TSX: BB) announced at AWS re:Invent 2022 an extension of its collaboration with Amazon Web Services (AWS) to offer BlackBerry QNX technology through the cloud for mission-critical embedded systems developers. This initiative aims to significantly decrease the time needed to market products. The BlackBerry QNX Real-Time Operating System (RTOS) will be demonstrated on AWS Graviton2 processors, aimed at various industries, including automotive, robotics, and medical devices. The partnership is expected to enhance development agility, streamline processes, and support the creation of software-defined vehicles.

BlackBerry Limited (NYSE: BB) announced the expansion of its SecuSUITE partner network in Asia Pacific, adding new partners from Australia and Thailand. This initiative aims to enhance secure communications for governmental and enterprise clients in the region. The new partners, NSI Global and Praesidium Group from Australia, along with Teletrol-One from Thailand, are set to deliver BlackBerry’s anti-eavesdropping technology. The expansion follows NATO's recent accreditation of SecuSUITE for official communications, highlighting its robust security features.

On November 8, 2022, BlackBerry Limited (NYSE: BB) announced its participation in several investor conferences this month. Key events include the RBC Capital Markets TIMT Conference on November 15 at 9:25 am ET, the TD Securities Technology Conference on November 22 at 1:00 pm ET, and the Credit Suisse Annual Technology Conference on November 29 at 5:45 pm ET. BlackBerry's IoT President and VP of Investor Relations will represent the company at these events. Live audio streams and replays will be accessible to the public.

BlackBerry Limited (NYSE: BB) released findings at its Security Summit, revealing that 80% of IT decision-makers experienced software supply chain attacks in the past year. A staggering 77% identified unknown participants in their supply chains, highlighting vulnerabilities. The survey showed that 59% faced operational disruptions, 58% data loss, and 52% reputational damage post-attack. Furthermore, 71% of respondents desired improved inventory tools, and 72% favored government oversight for enhanced cybersecurity in open-source software.

BlackBerry Limited has announced enhancements to its Cylance AI-based cybersecurity portfolio during the BlackBerry Security Summit on October 26, 2022. These upgrades aim to improve customers' security posture by offering enhanced data context for zero-trust network access and streamlining operations. Key features include an improved user experience for BlackBerry UEM and CylancePROTECT, along with new modules for data loss detection. The updates are expected to be available later this year and early next year, addressing the growing demands in cybersecurity amid a talent shortage.

BlackBerry Limited (NYSE: BB) has announced a new Cyber Threat Intelligence (CTI) service at the BlackBerry Security Summit, aimed at helping organizations prevent and respond to cyberattacks. Launching in December 2022, this quarterly subscription service delivers actionable intelligence on targeted attacks, tailored to specific industries and regions. Experts emphasize the importance of threat intelligence for improving detection and response times in cybersecurity. BlackBerry currently secures over 500 million endpoints, including 215 million vehicles.

On October 26, 2022, BlackBerry announced new alliances with independent software vendors (ISVs) during the BlackBerry Security Summit. These partnerships enhance the BlackBerry Marketplace for Enterprise Software by introducing innovative tools aimed at boosting productivity and cybersecurity. Key ISV offerings include SafeBreach's no-code red-team automation platform, Blue Cedar's security integration for apps, and Movius' unified communications solutions. BlackBerry continues to prioritize security in a fast-evolving landscape, securing over 500 million endpoints globally.

BlackBerry Limited has received high-level security accreditation for its SecuSUITE® for Government from the NATO Communications and Information Agency. This certification allows SecuSUITE to be utilized for secure communications within NATO, ensuring confidentiality in voice and messaging for global governments. The technology features end-to-end encryption, thereby protecting calls and messages across various networks. The accreditation underscores NATO's trust in BlackBerry's solutions amid increasing global security concerns.