Bayer Wins Major U.S. Supreme Court Roundup Lawsuit, Shares Surge 
Anthropic AI Model Uncovers Vulnerabilities in Classified U.S. Government Systems During Security Test 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Australian Household Spending Rebounds Strongly in May as Travel and Dining Drive Consumer Growth 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes 
Gold Drops Below $4,000 as Strong US Dollar and Fed Rate Hike Expectations Pressure Bullion 
US Dollar Slips After PCE Inflation Data as Fed Rate Hike Expectations Stay Elevated 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
SpaceX, Charter Communications Explore Mobile Partnership to Expand Starlink Wireless Service 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
US Dollar Slips After PCE Inflation Data Eases Fed Rate Hike Expectations 
Morgan Stanley Sees Chinese Auto Market Recovery Gaining Momentum in Late Summer 
Wall Street Ends Lower as AI Stocks Drag Markets, Fed Rate Outlook Shifts 
Microsoft revealed on Monday, July 12, that it will acquire RiskIQ, a cyber security company based in San Francisco, California. The announcement comes as ransomware and cyber attacks have become rampant lately.
Microsoft is teaming up with RiskIQ so it can better protect the company and its systems from attacks as well as offer safe services to its customers. The tech firm added that the acquisition will also help their customers in dealing with the risks of cyber attacks when doing their work remotely and when they rely on cloud computing.
Microsoft’s new acquisition and RiskIQ’s promise
As noted on CNN Business, the software from RiskIQ allows companies or groups to monitor their entire networks. This means that they can keep watch on their operations that are running on different cloud providers. This will help companies know and reduce potential risks.
“The vision and mission of RiskIQ is to provide unmatched internet visibility and insights to better protect and inform our customers and partners’ security programs,” Elias Manousos, RiskIQ co-founder and chief executive officer said in a blog post that was published on Microsoft’s webpage on July 12.
He added, “We’re thrilled to add RiskIQ’s Attack Surface and Threat Intelligence solutions to the Microsoft Security portfolio, extending and accelerating our impact. Our combined capabilities will enable best-in-class protection, investigations, and response against today’s threats.”
Other benefits from Microsoft's new acquisition
Previously, Microsoft faced cybersecurity issues and one example was the breach on its Exchange email service that was carried out by Hafnium, a Chinese-linked group. The cyber break-in potentially exposed the data of thousands of states, academic institutions, local governments, businesses and more.
There is also a string of ransomware attacks these days and these incidents pushed Microsoft to strengthen its cybersecurity to protect the company and the customers alike. CNBC noted that the RiskIQ acquisition deal will also help the company expand its security business which is said to be growing.
In any case, Microsoft declined to share the financial terms of the deal. However, some media reported that it could have shelled out more than $500 million to buy RiskIQ
