Microsoft Corporation has announced it would be acquiring RiskIQ, which is a San Francisco based cybersecurity company that provides cloud-based software as a service for organizations to detect fraudulent activities and patterns in their infrastructure. Through this acquisition, Microsoft aims to bolster its security solutions and offer better protection to its customers amid the rapidly surging incidence of cyberattacks on a global scale.
RiskIQ is a cybersecurity company that specializes in tracking activities related to hacking and online threats. RiskIQ provides services to over hundred thousands of IT security analysts and has over 300 enterprises as its customers. The company’s software and other related products enable clients to screen for and protect machines and software in their corporate network infrastructure. RiskIQ provides global threat intelligence gathered from across the Internet, crowd-sourced via its “PassiveTotal LLC” platform and numerous security researchers. The system efficiently works with Microsoft Azure cloud and other clouds such as Amazon Web Services. In March, RiskIQ helped Microsoft scan for vulnerabilities in Microsoft Exchange after an attack on the email server and calendar software. According to a statement published by RiskIQ, the company plans to integrate RiskIQ’s supportive data and solutions with Microsoft’s Security portfolio that would enable them to deploy state-of-the-art solution for enhanced visibility of attack surface, threat detection, and quick response.
Microsoft has been strengthening its security tools amid the growing incidence of cyberattacks on its network. The tech giant gained a controlling stake in ReFirm Labs in June that would enable it to protect servers and Internet of Things (IoT) enabled devices from cyberattacks. Reportedly, Microsoft will be paying more than USD 500 million to acquire RiskIQ, a leader in global threat intelligence and attack surface management.