BlackBerry: Is Goldman Sachs/Google Unencrypted Email Debacle De Facto PR?

Jul. 07, 2014 10:49 AM ETBlackBerry Limited (BB), BB:CA58 Comments
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Shock Exchange


  • Goldman's recent email security breach puts a spotlight on the need for secure enterprise networks.
  • BlackBerry is the undisputed leader in managing enterprise networks securely.
  • Companies who have been victims of security breaches will continue to turn to BlackBerry for solutions.

Google, Inc. (GOOG) (GOOGL) has blocked access to a confidential email sent from a Goldman Sachs, Inc. (GS) contract worker to the gmail account of an unknown person. The breach occurred a few weeks ago and included confidential brokerage account information of several of Goldman's clients. The company has since sought a court order to force Google to delete the email in order to protect clients' personal and confidential information:

"Emergency relief is necessary to avoid the risk of inflicting a needless and massive privacy violation upon Goldman Sachs' clients, and to avoid the risk of unnecessary reputational damage to Goldman Sachs. By contrast, Google faces little more than the minor inconvenience of intercepting a single email - an email that was indisputably sent in error," said Goldman Sachs of the accidental email.

Should Have Used BlackBerry
The security breach at Goldman has made major headlines. After the NSA controversy, the public has become enamored with Internet security and ensuring their personal information is safe. The public is also astounded given the emphasis on privacy, a company of Goldman's stature is sending sensitive information over an unsecured platform. Companies and clients can be unforgiving when it comes to breaches in security when they could have been avoided.

BlackBerry Limited (BBRY) was a pioneer in smartphones, but has abdicated its dominance to iPhones and android operated phones from Apple, Inc. (AAPL) and Google, respectively. The company now focuses less on handset sales and more on providing software solutions and managing enterprise networks securely. The company's enterprise server strategy hinges on helping businesses and governments deal with the complexities of managing mobile devices. BlackBerry believes its competitive advantage rests on its expertise in security.

In the cut-throat world of business, emails can be intercepted and phone calls listened in on. BlackBerry has earned a reputation

This article was written by

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The Shock Exchange has a B.A. in economics and MBA from a top 10 business school. He has over 10 years of M&A / corporate finance experience. Currently head the New York Shock Exchange, financial literacy program based in Brooklyn, NY.His book, "Shock Exchange: How Inner-City Kids From Brooklyn Predicted the Great Recession and the Pain Ahead", predicted pain ahead for the U.S. economy and financial markets.In 2014 the law firm of Kirby, McInerney, LLP brought a class action lawsuit against Molycorp, Inc. for "materially misleading statements" in its financial statements. Kirby, McInerney used investigative journalism from the Shock Exchange to buttress its case. That's the discipline the Shock Exchange brings to every situation he covers for SA.

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