Advancements In Audio And Cybersecurity: Insights From Wisa Technologies And Blackberry
$WISA, $BB
Summit Wireless Technologies (NASDAQ:WISA) and BlackBerry Limited (NYSE:BB) are notable players in their respective industries. Summit Wireless Technologies specializes in wireless sound technology for smart devices and home entertainment systems, positioning itself as a leader in immersive, wireless sound technology for the consumer electronics market. On the other hand, BlackBerry Limited, once known primarily for its mobile devices, has successfully pivoted to cybersecurity and embedded software, focusing on industries such as automotive and IoT, thereby maintaining its relevance in the technology sector amidst evolving market demands.
In recent developments, WiSA Technologies, Inc. has announced a significant partnership with Sunplus Technology Co., Ltd. (TWSE: 2401) to launch a new multichannel immersive audio System-on-a-Chip (SoC) targeting the Atmos soundbar market. This collaboration aims to enhance the audio experience by integrating WiSA’s innovative wireless sound technology with Sunplus’ multimedia processors. The new SoC, part of the SPA300 line, is designed to support up to 7.1.4 Atmos configurations, promising a cost-effective solution for creating high-quality immersive audio soundbars. This initiative reflects WiSA Technologies’ commitment to addressing market needs for advanced audio solutions and is expected to be available in early Q3 2023. On another front, BlackBerry Limited has released findings from a global survey conducted by Coleman Parkes, highlighting a concerning trend in cybersecurity within the software supply chain.
The study reveals that over 75% of software supply chains faced cyberattacks in the past year, underscoring the critical need for robust security measures. Various preventive strategies employed by companies, such as data encryption and multi-factor authentication, the survey indicates a persistent challenge in managing security risks effectively. BlackBerry’s report emphasizes the importance of enhanced monitoring and management practices to safeguard against potential breaches and minimize the impact on business operations. The survey further explores the aftermath of cyberattacks, noting that while more than half of the affected companies could recover within a week, a significant portion took up to a month to regain normal operations. The financial and reputational repercussions of these incidents are substantial, with many organizations experiencing losses and diminished trust among consumers and partners.
BlackBerry advocates for a proactive approach to cybersecurity, suggesting that regular audits and compliance checks are essential to maintain the integrity of software supply chains. These insights from WiSA Technologies and BlackBerry highlight ongoing efforts to innovate and secure critical technology infrastructures in their respective fields. These companies continue to develop and refine their products and services, the focus remains on delivering solutions that meet the evolving needs of consumers and businesses alike, ensuring quality, efficiency and security in an increasingly connected world.
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