Emerging Technology

Eighty-one percent of respondents had a coverage limit under $600,000 below last year's median ransomware demand

WATERLOO, ON , Aug. 10, 2022 /PRNewswire/ -- BlackBerry Limited (NYSE: BB) (TSX: BB) and Corvus Insurance today released the BlackBerry Cyber Insurance Coverage study, showing businesses are increasingly concerned about how they will meet ransomware demands. Only 19 percent of those surveyed have ransomware coverage limits above $600,000 , while over half (59 percent) hoped the government would cover damages when future attacks are linked to other nation-states.

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)

Small-to-medium sized businesses (SMBs) – who have become a favorite criminal target – are especially feeling the heat. Of businesses with under 1,500 employees, only 14 percent have a coverage limit in excess of $600,000 . A recent Forrester report estimated that a typical data breach would cost the average organization $2.4 million to investigate and recover. Perhaps unsurprisingly, 50 percent of SMB respondents hoped the government would increase financial aid in all ransomware incidents.

"Not only are there more ransomware threats than ever, but the criminals are more ruthless. They will iterate threats and wait patiently in order to extract maximum damage," said Shishir Singh , Executive Vice President and CTO, Cybersecurity at BlackBerry. "For uninsured and underinsured organizations, this potentially puts them in extreme jeopardy. The cyber underground is increasingly sharing learnings and partnering to make threats as efficient as possible. It's vital businesses strengthen their security posture against these threats by supplementing insurance with a prevention-first software approach that lowers their overall risk."

Many businesses reported cybersecurity coverages that are poorly tailored to their current situation. Over one-third (37 percent) of respondents aren't currently covered for any ransomware payment demands, while 43 percent aren't covered for auxiliary costs such as court fees or employee downtime.

At the same time, cyberinsurance has become harder to get, due to increased software requirements placed by insurance brokers. Over one-third (34 percent) of respondents have been denied coverage due to not meeting specific Endpoint Detection and Response (EDR) software requirements. These increased requirements however may be having a real impact on reducing ransom payouts.

"Though it might sound counterintuitive, continuing to adhere to software requirements is one of the best ways to fight the ransomware industry," said Vincent Weafer , CTO at Corvus. "In our portfolio alone, we've seen a 50 percent reduction in the ratio of ransom demands that end up being paid. Better software adoption is a critical element in better positioning organizations to stand up to attackers."

For additional information on the BlackBerry Cyber Insurance Coverage study, please visit the BlackBerry blog .

Research Methodology

BlackBerry commissioned TEAM LEWIS Research to run an online survey of 450 business decision makers for IT / security solutions in the United States and Canada . The fieldwork took place between July 15 and July 22, 2022 .

About BlackBerry

BlackBerry (NYSE: BB) (TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 215M vehicles.  Based in Waterloo, Ontario , the company leverages AI 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 endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

About Corvus

Corvus Insurance is building a safer world through insurance products and digital tools that reduce risk, increase transparency, and improve resilience for policyholders and program partners. Our market-leading specialty insurance products are enabled by advanced data science and include Smart Cyber Insurance®, Smart Tech E+O™, and Smart Cargo®. Our digital platforms and tools enable efficient quoting and binding and proactive risk mitigation. Corvus Insurance offers insurance products in the US, Middle East , Europe , Canada , and Australia . Current insurance program partners include AXIS Capital, Crum & Forster, Hudson Insurance Group, certain underwriters at Lloyd's of London , R&Q Accredited, SiriusPoint, and Skyward Specialty Insurance. Corvus Insurance, Corvus London Markets, and Corvus Germany are the marketing names used to refer to Corvus Insurance Agency, LLC; Corvus Agency Limited; and Corvus Underwriting GmbH. All entities are subsidiaries of Corvus Insurance Holdings, Inc. Corvus Insurance was founded in 2017 and is headquartered in Boston, Massachusetts with offices across the US, in the UK, and Germany . For more information, visit corvusinsurance.com.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contact:
BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

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SOURCE BlackBerry Limited

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BB:CA

Dayin Technology Selects BlackBerry to Develop Acoustic Solutions for Great Wall Motors' Premium, Next-Generation Vehicles

BlackBerry Limited (NYSE: BB; TSX: BB) and Shanghai Dayin Technology Co.,Ltd. today announced that BlackBerry® QNX® acoustics technology will help power the company's "Yin" 2.0 app, set to be used within the intelligent cockpit for Great Wall Motors' premium WEY Mocha, Latte, and Macchiato vehicle lines.

BlackBerry® QNX® acoustics technology will help power the intelligent cockpit for Great Wall Motors' premium WEY Mocha, Latte, and Macchiato vehicle lines.

Providing an intuitive and immersive acoustic experience for both drivers and passengers alike, and built on BlackBerry QNX® Active Sound Design (ASD) technology, the "Yin" 2.0 app is embedded in Jiayu Tech's (a subsidiary of Great Wall Motors) MoLife 1.0 intelligent cockpit which will shortly enter mass production with Great Wall Motors, one of China's largest automakers.

Leveraging BlackBerry QNX's leading-edge Software-Defined Audio Architecture (SDAA), the MoLife 1.0 intelligent cockpit provides a variety of unique sound application features, including an acoustic vehicle alert system, engine sound enhancements and dynamic chimes to help manage the total sonic experience both inside and outside of the vehicle. BlackBerry QNX ASD includes a suite of software components that enables Dayin Technology to reduce unwanted cabin noise, enhance, and create new engine sounds, while also allowing it to automatically project sounds to pedestrians to help improve roadway safety.

"After nearly three years of development, Jiayu Tech is pleased to have finalized a complete data-driven product design and development system to help automakers deliver best-in-class vehicle acoustics experiences for their customers, an outcome that would not have happened were it not for the exceptional collaboration with Dayin Technology and BlackBerry QNX," said Li Haichao, Vice President of Jiayu Tech R&D. "Drivers of Great Wall Motors' new premium models will be blown away the moment they get into the vehicle and we're proud of the critical role we play in enhancing the user's overall acoustics experience both inside and outside the car."

"We are pleased to join forces with Dayin Technology to develop the advanced vehicle acoustic solutions that have been applied to Jiayu Tech's intelligent cockpit which will be deployed in Great Wall Motors' popular premium vehicle lines. BlackBerry has the fully integrated software architecture to manage vehicle acoustics that meet the requirements of advanced system designs," said Dhiraj Handa , VP, Channel, Partners and Asia-Pacific , BlackBerry IoT. "We look forward to building on our shared successes to help power China's growing automotive industry."

"Dayin Technology and BlackBerry have actively collaborated since 2019, maintaining a successful and highly effective working relationship that has further developed the automotive cockpit segment through advanced products," said Jason Yao , Director of Shanghai Dayin Technology Co. Ltd. "Dayin Technology will continue to provide exceptional acoustic system solutions for OEMs and automakers through continuous innovation, aiming to create a leading personalized acoustic experience for millions of customers."

For more information on how BlackBerry can help automakers manage the total car acoustic experience with the BlackBerry® QNX® Acoustics Management Platform (AMP), please visit https://blackberry.qnx.com/en/products/automotive/qnx-acoustics-management-platform .

About BlackBerry
BlackBerry (NYSE: BB; TSX : BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including 215M vehicles.  Based in Waterloo, Ontario , the company leverages AI 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 endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY, EMBLEM Design and QNX are the trademarks or registered trademarks of BlackBerry Limited, its subsidiaries and/or affiliates, used under license, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

About Shanghai Dayin Technology Co., Ltd.

The DaYin Technology Co., Ltd. is a China software and solution supplier. We are an automotive and cockpit experienced engineering team, which is a provider for software solution in acoustic application with tuning service and related Cockpit SW infrastructure development. We offer great benefits in automotive/industry fields of application with BlackBerry QNX products, like QNX Acoustics. The DaYin Technology Co., Ltd. is based in Shanghai with more than 10 years of experience in audio & infotainment cockpit software, vehicle network, modeling development, PoC development with advanced concept.

Media Contact:

BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

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SOURCE BlackBerry Limited

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Sierra Wireless Securityholders Approve Acquisition by Semtech Corporation

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The special resolution approving the Arrangement was approved by: (i) 98.60% of the votes cast by the shareholders of the Company (the "Shareholders") present in person, virtually or represented by proxy at the Meeting, and (ii) 98.69% of the votes cast by Shareholders, holders of options to purchase Shares of the Company, holders of restricted share units and phantom restricted share units of the Company and holders of performance share units of the Company (collectively, the "Securityholders"), voting together as a single class, present in person, virtually or represented by proxy at the Meeting.

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MotorTrend and BlackBerry Announce Inaugural Software-Defined Vehicle Innovator Awards

  • Electronics and Software Predicted to Account for 50% of Total Car Costs by 2030
  • New Awards Program will Recognize Automotive Industry Trailblazers Driving Once-in-a-Century Transformation

MotorTrend the leading global automotive media company, announced today that it is joining leading software company, BlackBerry Limited (NYSE: BB) (TSX: BB) to launch the Software-Defined Vehicle Innovator Awards. The new awards program looks to celebrate the innovators and pioneers who are leading the automotive industry's once-in-a-century transformation from hardware to software which will redefine how cars are designed, built, driven and experienced.

MotorTrend and BlackBerry Announce Inaugural Software-Defined Vehicle Innovator Awards. New Awards Program will Recognize Automotive Industry Trailblazers Driving Once-in-a-Century Transformation

SDV Awards Press Kit: Documentary, Trailer Videos, Fact Sheet, Sound Bites, Photos

For more than a century the bulk of a car's value was in its mechanical, hardware, and other physical components. However, as personal technology has evolved, software and connected services will soon become the most important drivers of value, and a key differentiator, for automobile manufacturers. With the average new car containing more than 100 million lines of code and thousands of different computer chips already in use, independent research predicts that by 2030, electronics and software will account for 50% of car costs, up from about 30% today. This represents a fundamental shift in the automotive industry, as the software opportunity in autonomous cars will grow from less than one billion dollars today to $25 billion . According to recent forecasts, revenue from software-driven vehicles could account for as much as 50% of the automotive industry's future earnings. *

As the creator of the most prestigious automotive awards – Car, Truck and SUV of the Year and its annual Power List – MotorTrend is joining forces with BlackBerry, whose BlackBerry® QNX® technology is embedded in over 215 million vehicles worldwide, to encourage OEMs and automotive suppliers to nominate outstanding pioneers, leaders and domain experts in recognition of their extraordinary work using software to push industry boundaries and improve the driving experience for consumers.

"Speaking with automakers and Tier 1s around the world, nothing is more important to them than software and electronics as both allow them to deliver compelling in-car experiences and differentiate against the competition," said Mark Wilson , Chief Marketing Officer, BlackBerry. "To that end, we're thrilled to be teaming up with MotorTrend to recognize and elevate the unsung heroes who have been systematically laying the stakes for the auto industry's exciting next chapter. I firmly believe that we'll see more change in the next ten years than we've seen in the previous hundred and, given that it's the software heads that will determine what that future looks like, we felt it was particularly important to create the Software-Defined Vehicle Innovator Awards to recognize and celebrate individuals who are leading the way."

"There is a massive technological shift going on in the auto industry and it's not just defined by software, it's driven by people: engineers, software developers, computer scientists," said Ed Loh , Head of Editorial, MotorTrend Group. "These men and women are on the leading edge of imagining and executing the future of mobility. We're putting our decades-long experience to work to help provide insight and perspective on these people and transformative work they are doing. With BlackBerry's help, we want to highlight the pioneers, leaders and experts who are doing the most important work in the space, and effectively shaping our automotive future."

Nominations are now open for the following three Software-Defined Vehicle Innovator Awards (SDVI) categories:

  • Pioneer: This outstanding individual has demonstrably broken new ground within the SDV space through research, development, and application of new automotive software.
  • Leader: This exceptional principal is in a senior management position and leads a team that is transforming the automotive industry through the broad adoption and application of software solutions.
  • Domain Expert: This critical team member is a subject matter expert within a specific SDV discipline (e.g. advanced driver assistance systems, digital cockpit, over-the-air updates, autonomous, recruiting etc.)

Automakers and automotive suppliers can nominate their employees by visiting https://www.motortrend.com/sdv-form/ . Each nomination is subject to a diligent screening process involving representatives exclusively from MotorTrend's editorial team, who will review the submissions and establish a short list of finalists.

The nomination process closes at 11:59 pm PT on Monday , October 31 and the short list of finalists will be announced in the Fall of 2022. MotorTrend and BlackBerry will announce the first annual SDVI Awards winners during a ceremony on Thursday, January 5 in Las Vegas , in conjunction with CES 2023. For more information and rules please visit: https://www.motortrend.com/sdvawards .

To underscore the importance of the emerging software-defined vehicle age and the need to recognize the industry disruption coming at the hands of these innovators and pioneers, MotorTrend has produced a 22-minute documentary, 'Coding the Car ', and a book by the same title, which are being released as companion pieces with the SDV Innovator Awards announcement. For more information and assets related to the documentary and SDV Innovator Awards please visit motortrendpresskit.com .

*Source: Lux Research

About MotorTrend Group

MotorTrend Group , a Warner Bros. Discovery company, is the largest automotive media company in the world, bringing together Warner Bros. Discovery's MotorTrend TV and a vast automotive digital, direct-to-consumer, social, and live event portfolio, including MOTOR TREND, HOT ROD, ROADKILL, AUTOMOBILE and more than 20 other industry-leading brands. With a monthly audience of 26 million across web, TV and print, and 110 million social followers, culminating in 1.3 billion monthly impressions across all platforms, MotorTrend Group encompasses television's #1 network for automotive fans, a leading automotive YouTube Channel and MotorTrend+, the only subscription streaming service dedicated entirely to the motoring world. MotorTrend Group serves to embrace, entertain and empower the motoring world.

About BlackBerry

BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 215M vehicles.  Based in Waterloo, Ontario , the company leverages AI 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 endpoint security, endpoint management, encryption, and embedded systems. BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contact:

BlackBerry

BlackBerry Media Relations
+1 (519) 597-7273
mediarelations@BlackBerry.com

MotorTrend Group

Rob Quigley
Senior PR and Social Media Manager
MotorTrend Group
Robert_Quigley@motortrend.com
213-248-8922

Scott Shaffstall
Head of Corporate Communications
MotorTrend Group
Scott_Shaffstall@motortrend.com
949-285-6315

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SOURCE BlackBerry Limited

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