Foundstone was acquired by McAfee in 2004. Though the new cybersecurity R&D business unit is now operational, the lab space itself — which will be based at the company’s operations center in Waterloo, Canada — is still being built. Read more about cookies here. However, much has been written about the cybersecurity workforce shortfall and the fact that it isn’t showing any signs of improving, which is why companies are investing in automated tools to circumvent the need for physical hands-on decks. Greg Lemond. I was a passenger on United Flight 811 that blew out the front cargo door in flight. “As the threat landscape expands, enterprises cannot rely on the same incident reaction-based model that may have been effective in the past,” Eagan said. I have a passion for technology and gadgets--with a focus on Microsoft and security--and a desire to help others understand how technology can affect or improve their lives. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. WATERLOO, Ont. A welcome email is on its way. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. And the new cybersecurity unit is effectively setting a foundation on which Cylance — or BlackBerry Cylance, as it’s now known — can flourish. That book is now in its seventh edition, and is an icon of the information security world. Blackberry says pending regulatory approvals and closing conditions, the deal to acquire California-based Cylance is expected to close before the end of the fiscal year in February 2019. — Blackberry Ltd. has announced it is acquiring an artificial intelligence and cybersecurity company for US$1.4 billion cash. Machine learning will be a major focus at the start, with BlackBerry exploring ways to leverage AI to improve security in cars and mobile devices, among other endpoints in the burgeoning internet of things (IoT) sphere. At a time when every company is effectively becoming a software company, the need to run a watertight ship is greater than ever. “The addition of the BlackBerry Cylance team has given us an influx of talent that has proven a real boon for our company’s plans to better understand and adopt AI-based technology,” Eagan continued. If you are familiar with the world of computer and network security, there is a very good chance you are familiar with Stuart McClure. Skilled personnel are still very much required, which is one of the reasons BlackBerry shelled out north of $1 billion to acquire Cylance — it was as much a talent grab as a product acquisition. You can contact me directly at tony@techspective.net. I also love spending time with my wife, 7 kids, 3 dogs, 4 cats, 3 rabbits, 2 ferrets, pot-bellied pig and sulcata tortoise, and I like to think I enjoy reading and golf even though I never find time for either. As new technologies and threats emerge, BlackBerry Labs will allow us to take a proactive approach to cybersecurity, not only updating our existing solutions, but evaluating how we can branch out and provide a more comprehensive, data-based, and diverse portfolio to secure the internet of things.”. Those Denver roots explain why his favorite sports team is the Broncos. Over the past eight years, BlackBerry’s shares have hovered at around the $10 mark, and last week they fell to a four-year low after the company missed its Q2 revenue estimates with a net loss of $44 million — due in part to weak enterprise software sales. He told me that his wife is the strongest, most loving person he knows, and his children inspire him to be better every day. The rise of big data analytics, however, also yields significant benefits for security. Stuart remained with McAfee for a couple years, and then left for greener pastures. Remcos is a remote administration tool (RAT) sold by Breaking-Security.net. Other — 45 Comments 10 Aug 17 Beware of Security by Press Release. That brings us up to now. “Cylance is leading the way in applying math and science to the security field. The answer he arrived at is that security professionals rely on their own experiential database to understand how attackers work and the techniques they use. There was an error, please provide a valid email address. The Cylance acquisition was entirely in line with BlackBerry’s effort to become “the world’s largest and most trusted AI-cybersecurity company,” as CEO John Chen put it at the time. According to Stuart, the team around him is crucial to the success of Cylance. There is a plethora of established security vendors that are already household names. McClure is fairly agnostic when it comes to technologies and platforms. Cylance, which will operate as a separate company within BlackBerry, brings its more than 3,500 enterprise customers with it. Blackberry says Cylance is a pioneer in applying artificial intelligence, algorithmic science and machine learning to cybersecurity software.
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