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BlackBerry Ltd T.BB

Alternate Symbol(s):  BB

BlackBerry Limited is a Canada-based company, which provides intelligent security software and services to enterprises and governments worldwide. The Company leverages artificial intelligence (AI) and machine learning to deliver solutions in the areas of cybersecurity, safety, and data privacy and specializes in the areas of endpoint management, endpoint security, encryption, and embedded systems. It operates in three segments: Cybersecurity, IoT, and Licensing and Other. Cybersecurity consists of BlackBerry UEM and Cylance cybersecurity solutions (collectively, BlackBerry Spark), BlackBerry AtHo, and BlackBerry SecuSUITE. The Company’s endpoint management platform includes BlackBerry UEM, BlackBerry Dynamics, and BlackBerry Workspaces solutions. The IoT consists of BlackBerry QNX, BlackBerry Certicom, BlackBerry Radar, BlackBerry IVY and other Internet of things (IoT) applications. Licensing and Other consists of the Company’s intellectual property arrangements and settlement award.


TSX:BB - Post by User

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Post by IqaluitZenon May 17, 2017 5:06am
119 Views
Post# 26253444

BlackBerry working with automakers on anti-hack tool: analys

BlackBerry working with automakers on anti-hack tool: analysBlackBerry working with automakers on anti-hack tool: analyst

https://www.thestar.com.my/tech/tech-news/2017/05/17/blackberry-working-with-automakers-on-anti-hack-tool-analyst/

TORONTO: BlackBerry Ltd is working with at least two automakers to develop a security service that would remotely scan vehicles for computer viruses and tell drivers to pull over if they were in critical danger, according to a financial analyst. 

The service, which would also be able to install security patches to an idle car, is being tested by luxury automakers Aston Martin and Range Rover, Macquarie analyst Gus Papageorgiou said in a note to clients sent late on Monday. 

Auto security is among several areas that BlackBerry is betting will boost its revenue after the Canadian company lost its dominance of the smartphone market to Apple Inc and others over the past decade. 

John Wall, the head of BlackBerry's QNX division, and company spokeswoman Sarah McKinney both declined to comment. 

 

Matthew Clarke, a spokesman for Aston Martin, said in an email he was not aware of the company testing such a product. Representatives with Range Rover's parent company, Jaguar Land Rover, could not be reached for comment. 

The service could be launched as early as next year, generating about US$10 (RM43) a month per vehicle for BlackBerry, according to Papageorgiou, who has followed BlackBerry for more than 15 years. 

Vehicles increasingly rely on dozens of computers that connect to each other as well as the internet, mobile networks and Bluetooth communications systems that make them vulnerable to remote hacks. 

"Although a connected, more software-centric automobile 

offers tremendous advantages to consumers, it also opens the doors to hackers," Papageorgiou wrote in his note. 

Automaker interest in cybersecurity has risen dramatically since 2015, when two hacking experts uncovered vulnerabilities in Fiat Chrysler vehicles that led to a US recall of 1.4 million autos. 

BlackBerry shares rose 5.3% to close at C$13.84 (RM43.92) after touching C$14.15 (RM44.90), the highest since March 2015. — Reuters



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