RiskIQ was founded by Elias Manousos, Chris Kiernan, and David Pon in 2009. The cybersecurity company headquarters is located in San Francisco, California.
The company provides cloud-based software as a service (Saas) for businesses to identity various phishing, fraud, malware and other online threats.
Multiple multinational organizations such as Facebook, BMW, American Express and even U.S. Postal Service has been a client of RiskIQ.
As Microsoft wishes to develop its products and offer the best-in-class security and privacy to its user, the tech giant has decided to acquire RiskIQ for an amount of $500 million, accordingly to a report from Bloomberg.
While Microsoft and RiskIQ both have declined to comment on the acquisition, it is speculated that the deal will be announced soon in the next few days.
Microsoft is known for continuously adding security features to its products. It added Azure cloud services to protect its user’s machines and identity various security threats on the network.
The tech giant also recruits cybersecurity experts that frequently investigate Microsoft’s own products for vulnerabilities, assist users in cleaning up after a cyberattack, and operate Microsoft Threat Intelligence Center that closely monitors hackers.
This month, a mass ransomware attack was launched by the hackers. The attack exploited many undiscovered vulnerabilities in IT management software made by Kaseya Ltd.
In China, some hackers utilized the Microsoft Exchange code flaws to break into hundreds of organizations.
Microsoft and the rest of the U.S. tech organizations have spent the last eight months fighting damaging and far-reaching cyberattacks.
The RiskIQ acquisition will definitely be Microsoft’s essential weapon in the war against numerous cybersecurity threats. Play your part and strengthen your cybersecurity by using one of the best security tools for the job.
To help Microsoft fight and ensure security against most cybersecurity threats, it’s essential to remain informed of the latest cybersecurity facts and stats.