On March 8, Google revealed that it is about to be acquiring Mandiant, a cybersecurity firm for $5.4 billion in order to protect its cloud customers. Along with being Google’s second-largest acquisition, it is going to be one of the greatest acquisitions made by the Big Tech in the department of cybersecurity. GAFAM had recognized it long before that this cyber security was worth putting money into, but in 2021, it was seen to be making significantly large amounts of investments in this department.
Initially, cloud security and the constant expansion of the Internet of Things appears to be the topmost priority of technology users nowadays. This has been a big problem since some of the companies adopted remote/hybrid working models that give you more privilege and flexibility, but along with that it also weakens the basic structure of cybersecurity as more attack points become visible to hackers. As per Cybercrime Magazine, in just 2021, the average cost of reported cyber attacks increased up to $6 trillion and till 2025 it is expected to rise over $10 trillion.
H/T: Statista.
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