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BlackBerry Limited (NYSE:BB) released its latest Global Threat Intelligence Report, which reveals cybersecurity insights.
The report highlights a significant increase in cyberattacks, with BlackBerry detecting 600,000 attacks on critical infrastructure between July and September 2024. Nearly 45% of these attacks targeted the financial sector, while 430,000 attacks were aimed at commercial enterprises.
BlackBerry’s report also delves into the tactics of lesser-known but highly dangerous threat actor groups and their evolving methodologies.
Notably, the report includes new insights on threats to telecommunications infrastructure, offering strategies for securing personal devices and communications.
According to Ismael Valenzuela, Vice President of Threat Research & Intelligence at BlackBerry, the growing attack surface is a major concern, with cyber espionage and increasingly sophisticated ransomware groups on the rise.
“We have the tools, technology, and protocols to protect ourselves and mitigate the impact of attacks, and our industry is equipped to keep up with changes in threat actor methodology,” Valenzuela added.
A key highlight of the report is the ongoing collaboration between BlackBerry and the Royal Canadian Mounted Police’s National Cyber Crime Coordination Centre (NC3).
This partnership shares vital intelligence on new ransomware groups and their evolving threats.
The report also reveals that North America and Latin America are the most targeted regions globally, with new threats like Lynx ransomware and deepfake scams on the rise.
Geopolitical factors are also playing a role, with cybercrime being used in human trafficking and by North Korean operatives to infiltrate Western companies.
According to Benzinga Pro, BB stock has gained over 23% in the past year. Investors can gain exposure to the stock via SPDR S&P Kensho Future Security ETF (NYSE:FITE).
Price Action: BB shares are trading higher by 4.5% to $4.185 at last check Wednesday.
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