Microsoft recently confirmed that it will acquire a cybersecurity company RiskIQ for $500 million. The company has been an industry leader in delivering internet security solutions with its products like Microsoft 365 Defender, Microsoft Azure Sentinel, and Microsoft Azure Defender.
By acquiring RiskIQ, the tech giant wants to strengthen its security systems further to provide its customers an enhanced digital safety against increasing cyber threats. RiskIQ is a San Francisco-based cybersecurity firm founded in 2009 by Elias Manousos, David Pon, and Chris Keirnan. It provides cloud-based digital security services to its clients across various platforms like Amazon Web Services, Microsoft Cloud, and many more.
The company developed a unique security auditing engine that automatically finds out any security loopholes and maps them out. RiskIQ’s researchers use machine learning to analyze global security threats collected from the internet using its crowdsourced Passive Total community.
RiskIQ has a vast customer base that includes enterprises like Facebook, American Express, BMW AG, and lots more. Utilizing RiskIQ’s experience, Microsoft aims to identify cyber threats at an early stage and neutralize them before they infect users’ systems.
CEO of RiskIQ, Elias Manousos, said, “The vision and mission of RiskIQ is to provide unmatched internet visibility and insights to better protect and inform our customers and partners’ security programs. We’re thrilled to add RiskIQ’s Attack Surface and Threat Intelligence solutions to the Microsoft Security portfolio, extending and accelerating our impact. Our combined capabilities will enable best-in-class protection, investigations, and response against today’s threats.”
According to sources, Microsoft is planning to integrate RiskIQ’s platform with its Azure cloud services to provide better cybersecurity to its customers. Earlier, Microsoft had acquired several other cybersecurity firms like CyberX and Refirm Labs to improve its Azure IoT platform.