Yahoo Finance BlackBerry (BB) Introduces AI-Driven CylanceMDR Solution
BlackBerry Limited BB recently launched its expanded CylanceMDR solution, which offers extensive Managed Detection & Response (MDR) security. It is driven by the celebrated Cylance AI platform and best-in-class security expertise, with 24/7 complete threat coverage.
The company gives a $1 million guarantee to cover costs associated with security incidents, applicable for eligible CylanceMDR Advanced clients.
Formerly known as CylanceGUARD, the expanded version currently includes three new packages – Standard, Advanced and On-Demand. Each package is uniquely designed to meet the varying cyber defense needs of modern businesses, including AI identification and expert assistance.
The evolved CylanceMDR solution offers clients capabilities like hands-on onboarding, alert triage, managed threat hunting, digital forensics, investigation, complete incident response and critical event management. These are backed by advisory and tuning services in addition to the $1 million security guarantee.
For clients having personalized security teams who seek a more comprehensive approach, CyclanceMDR’s “On-Demand” solution specially offers thorough threat investigation and response support. By smoothly integrating into the existing security framework, the service empowers teams with additional capabilities to handle emerging threats and efficiently navigate critical security situations.
The robust Cylance AI platform influences all three packages. BlackBerry highlighted that in independent testing, the platform’s threat detection is proved to be up to 13 times faster, blocking 98% of attacks earlier in the kill chain.
As a result, it increases efficiency and reduces pressure on IT teams. Thus, installation of CylanceMDR is up to 85% more economical than managing an in-house SOC, noted the company.
Based in Waterloo, Canada, BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. Leveraging machine learning and AI, it designs cutting-edge solutions for cybersecurity, safety and data privacy.
In the last reported quarter, the company witnessed a top-line expansion to $173 million from $151 million in the prior quarter. The uptick was due to healthy performance across Cybersecurity, Licensing and IoT businesses, along with strength in the Spark product group, which includes Cylance and UEM.
The stock has lost 41.2% in the past year against the sub-industry’s growth of 30.7%.
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Zacks Rank
BB currently has a Zacks Rank #1 (Strong Buy).
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