Microsoft will soon buy cloud cybersecurity company RiskIQ

Microsoft is buying RiskIQ, a cybersecurity company best known for working with organizations such as Facebook and the US Postal Service to identify where and how vulnerabilities are to online attacks.

The company did not disclose the terms of the deal, but according to Bloomberg, Microsoft agreed to pay about $ 500 million. RiskIQ cloud software detects security vulnerabilities in corporate networks and devices, and large companies such as Facebook, American Express, Beamoo, and the US Post Office are among its customers. RiskIQ was founded in 2009 and has gradually become one of the major players in the cyber security market.

After last year ‘s hacking of SolarWinds, a massive and sophisticated attack by alleged Russian – backed hackers that gained access to the company’ s source code, Microsoft bought several security service companies more than ever before. Protect your information. Last month, the company acquired ReFirm Labs, an IoT-related security services, and added it to its subsidiary.

These days, we are witnessing a new wave of hacker attacks on various companies, the most recent of which is the cyber attack on Kaseya, which, according to Huntress, provided information to thousands of the company’s customers.