What Microsoft will do with RiskIQ for the security of Facebook, BMW and American Express
Microsoft will acquire RiskIQ, a San Francisco-based cybersecurity company. Here because.
Microsoft said it acquired RiskIQ, a security software manufacturer.
Bloomberg reported Sunday that the deal is worth over $ 500 million.
The move comes amid an avalanche of ransomware attacks as Microsoft is trying to protect businesses, organizations and individuals from attack.
In fact, in March, a group of hackers used flaws in the Microsoft Exchange code to attack at least 30,000 companies and organizations. In a breach revealed in December, suspected Russian hackers compromised the Orion platform of Texas-based company SolarWinds by injecting malicious code into software updates.
HOW MUCH THE OPERATION IS WORTH
The company headed by Satya Nadella announced the deal on its website Monday but did not disclose the terms. Bloomberg reported the acquisition on Sunday, revealing that Microsoft is paying more than $ 500 million in cash for the company.
WHAT IS RISKIQ
Founded in 2009 in San Francisco, RiskIQ produces cloud software to detect security threats, helping customers understand where and how they can be attacked on complex networks of corporate networks and devices.
Known for its annual security report called “Evil Internet Minute,” the RiskIQ company raised $ 83 million from companies like Summit Partners and Battery Ventures, according to Crunchbase.
CUSTOMERS
Its customers include Facebook, BMW, American Express, and the United States postal service, according to the company's website.
THE MICROSOFT STRATEGY
Microsoft said RiskIQ helps customers see potential avenues of attack through the cloud computing system from Microsoft, Amazon and others, as well as examine supply chain risks.
As The Verge points out , Microsoft hasn't come up with a detailed plan on how it will integrate RiskIQ into its security offerings, but will likely use RiskIQ's software on Microsoft 365 Defender, Microsoft Azure Defender, and Microsoft Azure Sentinel.
INCREASE SAFETY
Microsoft has also added staff who probe Microsoft products for vulnerabilities, help customers clean up after a cyber attack, and run a lab called the Microsoft Threat Intelligence Center that closely monitors nation-state hackers.
The Redmond-based tech giant has also acquired several companies to expand its security capabilities. Last month, Microsoft bought ReFirm Labs, a maker of technology to secure Internet of Things devices, for an undisclosed amount. In a blog post announcing the deal, the company said it has 3,500 employees working on security at Microsoft and a mission to help protect customers “from the chip to the cloud”.
AND THE BUSINESS
Finally, the deal could help Microsoft expand its security business, which is growing faster than other segments. As CNBC reports, Microsoft said in January that it made over $ 10 billion in security revenue over the past 12 months, up more than 40 percent year-over-year.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/innovazione/cosa-fara-microsoft-con-riskiq-per-la-sicurezza-di-facebook-bmw-e-american-express/ on Tue, 13 Jul 2021 07:01:37 +0000.