Significant BlackBerry Cybersecurity Deal With The Government Of Malaysia At APEC Leaders' Summit Welcomed By Canadian And Malaysian Prime Ministers
Portfolio Pulse from Benzinga Newsdesk
BlackBerry Limited (NYSE:BB) has entered into a long-term cybersecurity deal with the Government of Malaysia, announced at the APEC Leaders' Summit. The agreement includes BlackBerry's suite of cybersecurity solutions, establishment of a Cybersecurity Center of Excellence (CCoE) in Kuala Lumpur, and collaboration with the Government of Canada to build cybersecurity capacity in Southeast Asia. The CCoE will provide training to address Malaysia's shortage of cyber professionals and enhance regional cyber threat intelligence and incident response.
November 17, 2023 | 1:12 pm
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BlackBerry Limited has signed a significant cybersecurity agreement with the Malaysian Government, which includes providing a suite of cybersecurity solutions and establishing a Cybersecurity Center of Excellence in Kuala Lumpur.
The deal with the Malaysian Government is a significant development for BlackBerry, likely to have a positive impact on the company's stock in the short term due to the potential for increased revenue and strategic expansion in the Asia Pacific region. The establishment of the CCoE and the collaboration with the Government of Canada also highlight BlackBerry's commitment to international growth and cybersecurity leadership, which could boost investor confidence.
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