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Microsoft Acquires Cybersecurity Firm RiskIQ

8/1/2021

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Microsoft is officially acquiring RiskIQ, a security software vendor. RiskIQ provides management tools and threat intelligence gathering against a wide range of cyberattacks across Microsoft’s own cloud services, AWS, on-premises servers, and supply chain attacks. While Microsoft hasn’t valued the deal, Bloomberg reported that the company is said to be paying more than $500 million for RiskIQ.

The cloud-based RiskIQ software detects security issues across networks and devices, and the company lists Box, the US Postal Service, BMW, Facebook, and American Express as customers. RiskIQ was originally founded in 2009 and has gradually become an important player in analyzing security threats.

Microsoft hasn’t laid out a detailed plan for how it will integrate RiskIQ into its own security offerings, but it’s bound to use RiskIQ’s software across Microsoft 365 Defender, Microsoft Azure Defender, and Microsoft Azure Sentinel eventually.

“RiskIQ has built a strong customer base and community of security professionals who we will continue to support, nurture, and grow,” says Eric Doerr, vice president of cloud security at Microsoft. “RiskIQ’s technology and team will be a powerful addition to our security portfolio to best serve our mutual customers.”
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Microsoft has been gradually growing and improving its security tools amid an intense battle with ransomware. The software maker even acquired ReFirm Labs last month to help protect servers and Internet of Things devices from security attacks. The acquisitions come after months of troublesome ransomware attacks. The Russia-linked REvil ransomware group has been wreaking havoc with ransomware and supply chain attacks in recent weeks, and the security industry is still reeling from a sophisticated SolarWinds hack that breached everything from Microsoft to US government agencies.

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    Author

    Rick Richardson, CPA, CITP, CGMA

    Rick is the editor of the weekly newsletter, Technology This Week. You can subscribe to it by visiting the website.

    Rick is also the Managing Partner of Richardson Media & Technologies, LLC. Prior to forming his current company, he had a 28-year career in technology with Ernst & Young, the last twelve years of which he served as National Director of Technology.

    Mr. Richardson has been named to the "Technology 100"- the annual honors list of the 100 key achievers in technology in America. He has also been honored by the American Institute of CPAs with two Lifetime Achievement awards and a Special Career Recognition Award for his contributions to the profession in the field of technology.

    In 2012, Rick was inducted into the Accounting Hall of Fame by CPA Practice Advisor Magazine. He has also been named to the 100 most influential individuals in the accounting profession in America by Accounting Today magazine.

    In 2017, Rick was inducted as a Marquis Who’s Who Lifetime Achiever, a registry of professionals who have excelled in their fields for many years and achieved greatness in their industry.

    He is a sought after speaker around the world, providing his annual forecast of future technology trends to thousands of business executives, professionals, community leaders, educators and students.

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