14:28:02 EDT Fri 03 May 2024
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BlackBerry Ltd
Symbol BB
Shares Issued 583,739,593
Close 2023-10-16 C$ 5.04
Market Cap C$ 2,942,047,549
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BlackBerry to roll out gen. AI cybersecurity assistant

2023-10-16 11:04 ET - News Release

Mr. Nathan Jenniges reports

BLACKBERRY ANNOUNCES GENERATIVE AI POWERED CYBERSECURITY ASSISTANT

BlackBerry Ltd. will roll out its new generative AI (artificial intelligence)-powered assistant for security operations centre (SOC) teams. The enterprise-grade solution acts as a SOC analyst providing generative AI-based cyberthreat analysis and support to enhance CISO (chief information security officer) operations. It leverages private large language models (LLMs) for greater accuracy and data privacy.

The solution, which will be available to BlackBerry's Cylance AI customers, predicts customer needs to pro-actively provide information rather than requiring users to manually ask questions and compresses research hours into seconds. Fully integrated in the Cylance console, it produces a natural workflow instead of an inefficient chatbot experience. Cylance launched as the industry's first AI cybersecurity solution and the industry's first predictive cybersecurity solution. Predictive cybersecurity is a must for emerging cyberrisks and is seen as the future of cybersecurity.

"BlackBerry pioneered the AI cybersecurity market and our commitment to innovation means we are once again at the forefront of the industry as we unveil our generative AI-powered cybersecurity assistant," said Nathan Jenniges, senior vice-president and general manager, Spark, cybersecurity business unit, BlackBerry. "This new solution will enable our customers to modernize their SOC operations helping them to stay a step ahead of the adversary. It will be invaluable to CISOs in overcoming the challenges they face, including an evolving threat landscape and resource constraints."

BlackBerry has delivered transformative innovation for almost 40 years and continues to set a standard in the technology industry. In the field of AI, this is evidenced by the company today having more than five times the AI/ML patents than competitors and AI being integrated across the company's product portfolio. Furthermore, BlackBerry, earlier this month, was one of the first signatories of Canada's voluntary code of conduct on the responsible development and management of advanced generative AI systems.

"Generative AI has the potential to deliver tremendous economic value, making it an area of focus for BlackBerry. Our patent portfolio already includes generative AI," said Charles Eagan, chief technology officer, BlackBerry. "Throughout our innovations we take our commitment to delivering enterprise-grade solutions seriously -- innovations that deliver value rather than react to hype -- as demonstrated by today's announcement and our being one of the first signatories of Canada's voluntary generative AI code of conduct."

BlackBerry's generative AI-powered cybersecurity assistant will initially be made available to a select group of customers.

For more information, register for BlackBerry Summit, taking place on Oct. 17, where leaders from government, enterprise and BlackBerry will reveal the future of IoT (Internet of things), IT (information technology) and cybersecurity, and showcase the latest BlackBerry innovations.

About BlackBerry Ltd.

BlackBerry provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500 million end points, including 235 million vehicles. Based in Waterloo, Ont., the company leverages artificial intelligence and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of end point security, end point management, encryption and embedded systems. BlackBerry's vision is clear -- to secure a connected future you can trust.

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