Microsoft Purchases RiskIQ as the Threat of Ransomware Increases

Microsoft has announced the acquisition of RiskIQ, a manufacturer of cybersecurity software. The agreement comes as the danger of ransomware grows across all industries and as Microsoft faces a slew of recent serious flaws that hackers use to access its customers’ systems.

 

While the software powerhouse did not disclose the specifics of the arrangement, Bloomberg reported yesterday that Microsoft agreed to pay more than $500 million in cash for the company, citing individuals familiar with the transaction.

 

Purchasing RiskIQ “just confirms Microsoft’s commitment to delivering security resiliency in their offering,” IDC Program VP Frank Dickson told in an SDxCentral interview. “We’ve witnessed a steady drumbeat of acquisitions as Microsoft seeks to strengthen its posture and become more serious about security. I’d be astonished if this was our final acquisition.”

 

Since 2013, RiskIQ has raised a total of $83 million in five financing rounds. The platform developed by the San Francisco-based firm finds an organisation’s entire attack surface, including known and unknown devices, across clouds, on-premises data centres, and the supply chain. As a result, it can identify and respond to threats and vulnerabilities across all external assets and gives visibility from the network to the application layer.

 

“In addition, RiskIQ provides global threat intelligence gathered from across the internet, crowd-sourced by its PassiveTotal network of security researchers, and evaluated using machine learning,” Microsoft Cloud Security VP Eric Doerr said in a blog post regarding the purchase. “Organizations may use RiskIQ threat intelligence to get insight into the source of attacks, tools, and systems, and signs of corruption to detect and neutralise assaults as fast as possible.”