Microsoft is buying cloud cybersecurity company RiskIQ

Microsoft is buying RiskIQ, a cybersecurity company best known for working with organizations like Facebook and the US Postal Service to find out where and how they are vulnerable to online attacks. The company didn’t disclose the terms of the deal, but according to Bloomberg, Microsoft agreed to pay about $ 500 million. Outside of its software, RiskIQ is known for publishing an annual report called Evil Internet Minute, which examines how much malicious activity can happen in 60 seconds or less.

After the SolarWinds data breach last year that saw government-sponsored hackers access its source code, Microsoft bought several companies to strengthen its security offerings. It just acquired ReFirm Labs, a company specializing in IoT resilience, last month. The need for better corporate security was highlighted (once again) earlier this month with the Kaseya attack. While Kaseya tried to downplay the seriousness of the incident, security firm Huntress estimates that “thousands of small businesses” could be affected by the incident.

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