BlackBerry Buys Cybersecurity Firm Cylance For $1.4 Billion (securityweek.com) 34
wiredmikey shares a report from SecurityWeek: BlackBerry on Friday announced that it has agreed to acquire endpoint security firm Cylance for $1.4 billion in cash. "We plan on immediately expanding the capabilities across BlackBerry's 'chip-to-edge' portfolio, including QNX, our safety-certified embedded OS that is deployed in more than 120 million vehicles, robot dogs, medical devices, and more," a BlackBerry company spokesperson told SecurityWeek. "Over time, we plan to integrate Cylance technology with our Spark platform, which is at the center of our strategy to ensure data flowing between endpoints (in a car, business, or smart city) is secured, private, and trusted." Cylance has raised roughly $300 million in funding [prior being acquired]. BlackBerry describes the "Spark platform" as a secure chip-to-edge communications platform "designed for ultra-security and industry-specific safety-certifications, such as ISO 26262 in automobiles."
Not what I would choose (Score:2, Interesting)
Cylance is a collection of top shelf niche software products.
Blackbery thinks these all neatly fit in to their platform and they are so confident they put their own money behind it.
Not only is that risky for Blackberry, it is a waste of Cylance's software that BB doesn't need or want to use.
This is why blackberry hasn't been the market leader in a long time. Better would be a kind of joint venture/partnership. It would be a lot easier to finance.
Where the heck did Blackberry get $1.4 billion? (Score:5, Insightful)
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I was surprised they're still even a thing.
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When Sega are ready to sell, which will be just after the GNU (sorry, GNU/Hurd) port of Sonic For Ever is released.
Canadian Technology! (Score:2)
Canadian Technology! (raises fist with blackberry in hand)
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BlackBerry has been in use by governments and big enterprise for decades. They moved to the "security" and traffic inspection part of their platform. If you are a big corporation with government ties/oversight, BlackBerry systems on the backend of your email is practically a requirement since they're one of the few corporations that shares encryption keys with government agencies.
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And why did they piss it away on these guys? Their AV software is some of the worst, I thinks everything is malware.
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They could pay for acquisitions with stock... BB's market cap is around 4.8 $ Billion, see 1.4 billion is approximately 30% of that.
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They have a booming business in logistics tracking. Notably, in the modules that you can stick on trailers and containers and track them. They're popular because they are nearly zero-install (you practically stick them on the trailer) and you can see where your trailer is at all times.
Normally you'd track the tractor and have something installed the cab, but those generally require a lot of installation work and antenna setup and all that (and the trucker might get a jammer). It's also a problem if you hire
Robot dogs? (Score:2)
No zuckware allowed (Score:1)
The one phone that will NOT have Facebook on it. Just my outgoing calls, and voicemail. Maybe just Firefox, but my laptop ought to cover any surfing, maps, or video needs. Porsche Design, if I could.
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How's 2005 treating you?
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In other news ... (Score:2)
... I bought a security light for my carport.
Cant believe this. (Score:2)
Come on, by this time Criminal XYZ Officers should have looted the coffers completely. It goes without saying they were incompetent in managing the company. Comes as a surprise they were incompetent in looting the company and lining their own pockets.
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I haven't seen many false positives. Not sure what programs you're running but everything being blocked is actually doing something weird and supposed to be blocked. It also sounds like your support structure sucks which is probably why you are having the issues after deployment.
It's a ton better than Sophos or Symantec though.
Re: We are having Cylance forced on us at work. (Score:2)
Agree completely. Cylance is completely junk for small executables, and they have zero interest in fixing it.
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