Blackberry Stock Price, News & Analysis

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.