Microsoft will be acquiring RiskIQ, a cybersecurity firm after threats of ransomware heightened recently.
This acquisition comes after months of continued ransomware, the SolarWinds hack, which breached its own systems, and REvil ransomware group causing havoc with ransomware and supply chain attacks. The cloud-based RiskIQ company uses software to detect security issues across devices and devices. Initially started in 2009, the firm now has the US Postal Service, Facebook, and car manufacturing company BMW among its customers.
The deal of the acquisition isn’t official yet, but Bloomberg reported that Microsoft is paying a huge $500 million-plus to acquire the cybersecurity firm.
– Russian Pleads Guilty After Plotting To Place Ransomware In Tesla
– Apple Asked To Pay $50 Million Ransom After Supplier Suffers Attack
– Microsoft Suspends 18 Azure Active Directory Applications Used By GADOLINIUM Hackers
This acquisition would safeguard Microsoft’s range of services including its AWS, supply chain, cloud services, etc.
RiskIQ would be providing threat intelligence and management tools against cyberattacks.
Eric Doerr, Vice president of cloud security at Microsoft said “RiskIQ has built a strong customer base and community of security professionals who will continue to support, nurture, and grow.”
“RiskIQ’s technology and team will be a powerful addition to our security portfolio to best serve our mutual customers.”
Microsoft also acquired Refirm Labs last month as it tries to shield its Internet of Things devices and servers from security attacks and the likes.
Even down to Personal computers, Microsoft is beefing up security with TPM(Trusted Platform Module) as a requirement to update to Windows 11.
TPM is a computer security feature that encrypts and keeps user’s data safe and it’s a minimum system requirement for windows 11. David Weston, Director of Enterprise and OS Security at Microsoft explained that “its purpose is to protect encryption keys, user credentials, and other sensitive data behind a hardware barrier so that malware and attackers can’t access or tamper with that data.”
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