Google eyes acquisition of cybersecurity firm Wiz to strengthen cloud security

Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft, experts said. "There is a hot market for cloud security," said Jerome Seguera, a senior intelligence analyst at the cybersecurity firm MalwareBytes, adding that Wiz gives customers "great visibility into their assets in a straightforward way." Marc Bleicher, chief technology officer of the security firm Surefire Cyber said, "I think they are trying to compete with Microsoft and to a smaller extent AWS.” Bleicher said, "Wiz is one of only a few who address a big chunk of the cloud security market in one platform.” About Wiz Wiz was founded in 2020 when the coronavirus pandemic was at its height, primed to benefit from the move towards remote work and the shift by organisations to cloud environments from desktops. DeWalt, former chief executive of cybersecurity firm FireEye, said cloud security is the most important and fastest-growing part of cybersecurity, driven by increasing attacks on large organisations.