Google Cloud buys cyber-security firm for 5 billion euros
Google announced that it has signed a definitive agreement to acquire cyber defense company Mandiant, Inc., for $23.00 per share, in an all-cash transaction valued at approximately €5 billion ($5.4 billion), inclusive of Mandiant’s net cash. Upon the close of the acquisition, Mandiant will join Google Cloud.
Having concluded that the organizations are facing cybersecurity challenges that have accelerated in frequency, severity and diversity, Google is hoping that with Mandiant’s business intelligence in cybersecurity services, will be in a position to provide services for the whole security lifecycle: Advisory Services, Threat Detection and Intelligence, Automation and Response Tools, Testing and Validation, Managed Defense.
Mandiant was founded in 2004 and works with organizations to develop more effective and efficient cyber security programs in order to defend against and respond to cyber threats. The acquisition is subject to customary closing conditions, including the receipt of Mandiant stockholder and regulatory approvals, and is expected to close later this year.
CYBERSECURITY IN UKRAINE
In the cybersecurity context, Google announced that they continue to see DDoS attempts against numerous Ukraine sites, including the Ministry of Foreign Affairs, Ministry of Internal Affairs, as well as services like Liveuamap designed to help people find information. The company has expanded eligibility for Project Shield, the free protection against DDoS attacks, so that Ukrainian government websites, embassies worldwide and other governments in close proximity to the conflict can stay online. Project Shield allows Google to absorb the bad traffic in a DDos attack and act as a “shield” for smaller websites, allowing them to continue operating and defend against these attacks. As of today, over 150 websites in Ukraine, including many news organizations, are using the service.
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