Microsoft Corp. said that it has agreed to obtain RiskIQ, a security software-making company as a tech giant decides to increase its products and better protect customers among an increasing flow of global cyberattacks.
The company made the announcement and did not disclose the terms. Microsoft is paying more than $500 million in cash for the company.
San Francisco-based company RiskIQ produces cloud software for recognizing security threats.
RiskIQ guides and helps the clients to understand where and how they can be tackled on complicated webs of corporate networks and devices.
Facebook inc, BMW AG, American Express co., and the U.S. Postal Service are customers of RiskIQ as per the company’s website.
Microsoft has been modifying security features to outputs including windows and its Azure cloud service to protect individual machines and recognize attacks on networks. The company has also hired employees who examine Microsoft’s own products for threats and helps clients to redevelop after a cyberattack and run a lab called the Microsoft Threat Intelligence Center that approximately traces nation-state hackers.
Microsoft and all of the U.S. technology industry, also companies and government agencies, had also spent eight months fighting with a group of damaging and widespread cyberattacks.
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