Microsoft has been on a cybersecurity splurge to fight mounting threats

▤ Summary

In fact, an Interpol assessment of the impact of Covid-19 on cybercrime has shown a significant target shift from individuals and small businesses to major corporations, governments and critical infrastructure. To manage such scenarios and to establish its status as a secure platform and hardware provider, tech giant Microsoft has been on a cybersecurity vendor acquisition spree of late. Its acquisition of security software maker RiskIQ is an effort to expand Microsoft’s products and better protect customers amid a rising tide of global cyberattacks. San Francisco-based RiskIQ makes cloud software for detecting security threats, helping clients understand where and how they can be attacked on complex webs of corporate networks and devices. Initially driven by the pandemic, the report indicates high-profile cyberattackssuch as the SolarWinds intrusion that breached several federal agencies and the Colonial Pipeline ransomware attack that caused a brief surge in nationwide gas prices, “continue to fuel investment.”

▦ Linked Companies

Microsoft

$1B+