Microsoft Corporation will continue to capitalize over $1 billion (approximately Rs. 6,819 crores) yearly on cyber-security research and development in the approaching years, a senior managerial said.
This money does not embrace acquisitions Microsoft might make in the sector, Microsoft vice president of security, Bharat Shah had told the Reuters on the sidelines of the company’s BlueHat cyber security consultation in Tel Aviv.
“As more and more individuals use cloud technology, that spending has to go up,” Shah declared.
Though the number of attempted cyber-attacks was about 20,000 in a week two or three years ago, that number had now increased to 600,000-700,000, rendering to Microsoft data.
Long recognized for its Windows software, Microsoft has moved its focus to the cloud where it is dueling with bigger rival Amazon.com to regulate the still fledgling market.
In the month of October, it is said that quarterly sales from its flagship cloud product Microsoft Azure, which companies can use to host their websites, apps or data, rose about 116 percent.
Moreover to its internal security investments, the company has purchased three security companies, all in Israel, in a slight over two years: enterprise security startup company Aorato, cloud Security Company Adallom, and Secure Islands, whose statistics and file protection technology has been united into cloud service Azure Information Protection.
Fiscal details of these transactions were not unveiled.
“If you are speaking about ecology with more than 400 start-ups it’s not actually a coincidence. Israel is vast in security,” said Secure Islands organizer Yuval Eldar.
Microsoft’s project arm has also made three cyber-security funds in Israel, counting this week an undisclosed quantity in Illusive Networks, which usages deception technology to notice attacks and has been set up at banks and shops.
Previously this month the company had said it has invested in Israel’s Team8, which shaped Illusive Networks.
Yet Microsoft does not have any near-term plans to do deception technology, “we gaze at lots of diverse technologies that might be of usage in the future,” Shah said.
Microsoft’s Windows 10 operating system embraces Windows Hello, which lets users scan their face, fingerprints or iris to verify their authentication and sign in.