Locks and Security News: your weekly locks and security industry newsletter
28th September 2022 Issue no. 624
Your industry news - first
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Microsoft will continue to invest over $1 billion annually on cyber security
This amount does not include acquisitions Microsoft may make in the sector, said Bharat Shah, Microsoft vice president of security, on the sidelines of the firm's BlueHat cyber security conference in Tel Aviv.
"As more and more people use cloud, that spending has to go up," Shah said. While the number of attempted cyber attacks was 20,000 a week two or three years ago, that figure had now risen to 600,000-700,000, according to Microsoft data.
Long known for its Windows software, Microsoft has shifted focus to the cloud where it is dueling with larger rival Amazon to control the still fledgling market. In October it said quarterly sales from its flagship cloud product Azure, which businesses can use to host their websites, apps or data, rose 116 percent.
In addition to its internal security investments, Microsoft has bought three security firms, all in Israel, in a little over two years: enterprise security startup Aorato, cloud security firm Adallom, and Secure Islands, whose data and file protection technology has been integrated into cloud service Azure Information Protection.
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