Microsoft acquires cybersecurity agency RiskIQ as the specter of ransomware intensifies

Microsoft is formally buying RiskIQ, a safety software program vendor. RiskIQ supplies administration instruments and menace intelligence gathering towards a variety of cyberattacks throughout Microsoft’s personal cloud companies, AWS, on-premises servers, and provide chain assaults. While Microsoft hasn’t valued the deal, Bloomberg reported that the corporate is claimed to be paying greater than $500 million for RiskIQ.

The cloud-based RiskIQ software program detects safety points throughout networks and units, and the corporate lists Box, the US Postal Service, BMW, Facebook, and American Express as prospects. RiskIQ was initially based in 2009 and has regularly develop into an vital participant in analyzing safety threats.

Microsoft hasn’t laid out an in depth plan for the way it will combine RiskIQ into its personal safety choices, nevertheless it’s sure to make the most of RiskIQ’s software program throughout Microsoft 365 Defender, Microsoft Azure Defender, and Microsoft Azure Sentinel finally.

“RiskIQ has built a strong customer base and community of security professionals who we will continue to support, nurture, and grow,” says Eric Doerr, vp of cloud safety at Microsoft. “RiskIQ’s technology and team will be a powerful addition to our security portfolio to best serve our mutual customers.”

Microsoft has been regularly rising and enhancing its safety instruments amid an intense battle with ransomware. The software program maker even acquired ReFirm Labs last month to assist defend servers and Internet of Things units from safety assaults. The acquisitions come after months of troublesome ransomware assaults. The Russia-linked REvil ransomware group has been wreaking havoc with ransomware and provide chain assaults in current weeks, and the safety business continues to be reeling from a classy SolarWinds hack that breached every little thing from Microsoft to US authorities companies.