BlackBerry sets up cybersecurity consulting service

BARCELONA — BlackBerry on Wednesday announced a new 60-person cybersecurity consulting service, which will include staff from its recent acquisition of UK-based Encription Limited.

The purchase of Encription was completed Feb. 19, but terms were not disclosed.

BlackBerry officials at Mobile World Congress said cybersecurity consulting is a lucrative field because of a global explosion of cyberattacks on businesses and governments.

Data breaches cost the global economy more than $400 billion a year, BlackBerry said, citing 2015 data from the Ponemon Institute. Gartner said cybersecurity consulting is about a $16.5 billion annual global business, and that it is expected to grow to $23 billion by 2019.

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