BlackBerry Reports 600,000 Cyberattacks on Critical Infrastructure in Q3 2024
Rhea-AI Summary
BlackBerry (NYSE:BB, TSX:BB) has released its Global Threat Intelligence Report for Q3 2024, revealing 600,000 attacks against critical infrastructure, with 45% targeting the financial sector, and 430,000 attacks against commercial enterprises. The report, developed in partnership with the Royal Canadian Mounted Police's National Cyber Crime Coordination Centre (NC3), highlights emerging threats including Lynx ransomware and the Coyote banking trojan.
North America and Latin America emerged as the most targeted regions globally, followed by APAC and EMEA. The report also addresses growing concerns about deepfake threats and AI-based scams, which have prompted new regulatory frameworks including the U.S. No AI Fraud Act. Additionally, the analysis revealed cybercrime's role in human trafficking in Southeast Asia and North Korean operatives using deepfake technology to infiltrate Western IT companies.
Positive
- Partnership with Royal Canadian Mounted Police's NC3 for enhanced threat intelligence sharing
- Comprehensive detection and tracking of cyber threats across global infrastructure
Negative
- 600,000 attacks detected against critical infrastructure in Q3 2024
- 45% of attacks targeted the financial sector
- 430,000 attacks detected against commercial enterprise industries
- Increasing sophistication of ransomware groups and cyber threats
News Market Reaction 1 Alert
On the day this news was published, BB gained 3.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
New threat report addresses trends in threat actor methodology and secure communications threats
WATERLOO, ON / ACCESSWIRE / January 15, 2025 / BlackBerry Limited (NYSE:BB)(TSX:BB) today released its latest Global Threat Intelligence Report, highlighting the threats stopped by BlackBerry® cybersecurity solutions and new trends in the cybersecurity threat landscape. Between July and September 2024, BlackBerry detected 600,000 attacks against critical infrastructure, 45 percent of which targeted the financial sector. They also detected 430,000 attacks against commercial enterprise industries.
The report does a deep dive into the behaviors of dangerous, but little known, threat actor groups and trends in their methodologies and motivations. New to this quarter, the report also addresses threats in telecommunications infrastructure, highlighting strategies to better protect personal devices and secure communication best practices.
"Our attack surface has never been wider, with threat actors and nation states broadening their horizons into cyber espionage attacks, while ransomware groups are becoming more sophisticated in their campaigns," said Ismael Valenzuela, Vice President of Threat Research & Intelligence at BlackBerry. "However, we've also never been better prepared. 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."
Most notably, the report features insights from a continued partnership between BlackBerry and the Royal Canadian Mounted Police's National Cyber Crime Coordination Centre (NC3). Together, the two organizations share intelligence on the rise of new ransomware groups, top ransomware threats, and challenges for law enforcement in combatting cyberattacks.
Additional highlights from the latest BlackBerry Global Threat Intelligence Report include:
North America and Latin America are the Most Targeted Nations Globally: These nations saw the highest volume of attacks and most instances of unique malware. APAC and EMEA were the second and third most targeted regions, respectively.
Emerging Threats Are Increasingly Dangerous: BlackBerry internal telemetry identified activity related to Lynx ransomware, the Coyote banking trojan, and threat groups RansomHub and Hunter's International.
Deepfake Threats Continue to Rise: The growing use of AI-based scams has led to new regulatory frameworks nationwide to mitigate the impact, including the U.S. No AI Fraud Act and the Canadian non-consensual media legislation.
Geopolitical Influences are Creating Concerning Threats: BlackBerry analysts found that cybercrime is being used in human trafficking rings in Southeast Asia, and North Korean operatives are using deepfake technology and fake identities to infiltrate Western IT companies.
Download a copy of BlackBerry's Global Threat Intelligence Report at BlackBerry.com, and register to attend the Global Threat Intelligence Report Deep Dive webinar on Wednesday, January 29, 2025 at 11:00 AM EST or 11:00 AM CET to discover more.
About BlackBerry
BlackBerry (NYSE:BB)(TSX:BB) provides enterprises and governments the intelligent software and services that power the world around us. Based in Waterloo, Ontario, the company's high-performance foundational software enables major automakers and industrial giants alike to unlock transformative applications, drive new revenue streams and launch innovative business models, all without sacrificing safety, security, and reliability. With a deep heritage in Secure Communications, BlackBerry delivers operational resiliency with a comprehensive, highly secure, and extensively certified portfolio for mobile fortification, mission-critical communications, and critical events management. The company is also a pioneer in leveraging Artificial Intelligence and Machine Learning to deliver advanced cybersecurity solutions to its customers.
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.
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Media Contacts:
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SOURCE: BlackBerry
View the original press release on accesswire.com
FAQ
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