Microsoft Corp. plans to keep investing more than $1 billion every year on research and development of cybersecurity, Reuters reported, citing company Vice President of Security Bharat Shah.
Speaking at Microsoft's BlueHat cybersecurity conference in Tel Aviv, Israel, Shah clarified that the $1 billion does not include any cybersecurity acquisitions that the company may make. With cloud usage going up, the investment in cybersecurity needs to go up as well, he added.
Over the years, Microsoft has acquired various cybersecurity companies and startups, including hybrid cloud security startup Aorato, cybersecurity company Adallom and data protection company Secure Islands. The company also recently invested in Team8, an Israeli creator of cybersecurity startups.