Microsoft announced on Monday the acquisition of cybersecurity startup RiskIQ in order to assist clients better battle the danger of cyberattacks.
RiskIQ, according to Microsoft, will enable companies to manage “the increasing sophistication and frequency of cyberattacks” as organisations become more reliant on cloud services and remote work arrangements.
“RiskIQ helps customers discover and assess the security of their entire enterprise attack surface — in the Microsoft cloud, AWS, other clouds, on-premises and from their supply chain,” Eric Doerr, Microsoft vice president of cloud security, wrote in a blog post.
“With more than a decade of experience scanning and analysing the internet, RiskIQ can help enterprises identify and remediate vulnerable assets before an attacker can capitalise on them.”
RiskIQ’s software collects threats discovered across a company’s network and assists organisations in understanding and mitigating possible hazards.
“We’re joining Microsoft to extend and accelerate our reach and impact and are more committed than ever to executing our mission,” RiskIQ CEO Elias Manousos said in a blog post. “We’ll continue to work closely with our customers as we integrate RiskIQ’s complementary data and solutions with Microsoft’s Security portfolio to enable best-in-class solution attack surface visibility, threat detection and response.”
The acquisition comes on the heels of a series of high-profile hacks in recent months, including one that knocked down the Colonial Pipeline and JBS’s processing plants in Australia and the United States.
Following its attack on software company Kaseya, the ransomware gang REvil requested a payment of $70 million in bitcoin in order to provide a decryptor tool.