By
Bena Ilyas
May 10th, 2024
Microsoft has always paid attention to its security business. That’s why, out of all the firm’s product categories, its security category is arguably one of the fastest-growing.
Given the recent wave of ransomware attacks that’s threatening the tech industry, American-based tech giant Microsoft Corporation (NASDAQ: MSFT) has taken it upon itself to help its clientele stay ahead of such attacks. To this effect therefore, the multinational technology corporation is coming out with 3 new security services.
Per Microsoft, its new services will help clients — which includes individuals and businesses, to quickly identify and respond to cyberthreats. But this does not exactly come as a surprise.
Before now, Microsoft has always paid attention to its security business. That’s why, out of all the firm’s product categories, its security category is arguably one of the fastest-growing. But even beyond this fact, Microsoft also renders cloud software and infrastructural support to a very large number of corporate entities. Therefore, it is only expected that the firm offers services such as this to its customer base.
Microsoft Going All Out against Ransomware Attacks
In recent times, there has been an upsurge of incidents of ransomware attacks and other cybercrimes. From hack attempts to the exploitation of loopholes, the list continues to grow at an alarming rate. But organizations are constantly looking out to at least, be able to manage the situations arising from the ransomware menace.
Now, this is where Microsoft comes in. In 2021, Microsoft alongside other tech firms pledged to recruit no less than 500,000 hands into cybersecurity positions. Around the same time, Microsoft CEO Satya Nadella also claimed that annual research and development spending in cybersecurity might reach $4 billion. When he made that statement, it was just $1 billion.
To further prove Microsoft’s laser focus on security, one of the firm’s vice presidents, Vasu Jakkal, recently told CNBC that a large chunk of its most recent spending is actually on people.
“We’re just expanding the scale because of the demands we are seeing,” Jakkal said.
The Products
First off, Microsoft is launching what it calls the “Microsoft Defender Experts for Hunting.” This product will ensure that once any issues are found anywhere within clients’ devices, Microsoft engineers will flag them immediately. And interestingly, it goes for just a monthly subscription of $3 per person.
Secondly, Microsoft is also launching the Microsoft Defender Experts for XDR for $14 monthly. This product ensures that Microsoft employees will help companies to take immediate action on threats.
Lastly, the firm is also coming out with its Microsoft Security Services for Enterprise.
Meanwhile, while it’s all good that Microsoft is taking the onus to be a pacesetter as security awareness is concerned, it’s also very pertinent that the firm is also able to offer products that will meet up with current demands.