Tech News

Microsoft Acquired RiskIQ, A Cybersecurity Company As Cyber Threats Escalate

Microsoft announced that it is buying security company RiskIQ to help company for protection as ransomware and other cyber attacks become increasingly disruptive. Microsoft said the discovery would help its customers deal with the unique risks posed by remote work and reliance on cloud computing in the midst of “increasing problems and the frequency of cyber attacks.”

RiskIQ software allows organizations to monitor all of their networks – including activities that work for various cloud providers – and its intelligence research threatens businesses to understand and minimize potential risks. The announcement comes at a time when cyber security is a high priority for many business leaders, following a recent ransomware attack that temporarily shut down a large fuel pipeline, meat supplier and IT retailer, among others.

Microsoft also had its cyber security challenges this year: China-affiliated group Hafnium broke the Exchange email service in March, which may have given the group access to information from tens of thousands of organizations, including national and local governments, educational institutions, infectious diseases researchers and businesses.

Microsoft declined to disclose the financial details of the acquisition. Bloomberg on Sunday reported that Microsoft had paid more than $ 500.

Prior to its acquisition, RiskIQ had raised more than $ 80 million in investments. Recently, it raised the $ 15 million Series D round announced last June which aims to help integrate the company’s software into critical infrastructure, including protecting the country’s enemies. At the time, RiskIQ claimed to work for 30% of Fortune 500 and 6,000 organizations worldwide.

Shadab

Shadab is a writer at bestopedia. He has a graduate degree in Computer Science Engineering and is really passionate about technology. You can find him cracking complex coding problems, and covering the latest happenings in the industry.

Share
Published by
Shadab

Recent Posts

Top 7 Best Watches Under 3000Rs in India – 2022

In today's life keeping a good quality watch is not just to see the time…

12 months ago

Nothing Phone (1) leaked transparent TPU case; arriving on July 12

Nothing is all set to launch its first smartphone Nothing Phone (1) on July 12.…

12 months ago

Top 10 Best Gas Grills Under 200$ – 2024

Everyone loves and enjoys delicious barbecue food, be it in backyard or picnic or some…

12 months ago

Xiaomi Band 7 Pro and Book Pro would launch on July 4; arriving along with Xiaomi 12S series

Xiaomi is working to bring the upcoming Xiaomi 12S series in China that includes Xiaomi…

12 months ago

Top 15 Best Earphones & Headphones For PUBG Mobile (Clear Foot Sound) | Buying Guide – 2024

If you are a PUBG player then you need to listen all the foot sounds…

12 months ago

OnePlus Nord Buds CE appears Bluetooth SIG certification; know the details

OnePlus after launching the OnePlus Nord Buds, now gearing up to launch the next Nord…

12 months ago