by Ray Hayes

Two of the world’s biggest tech giants, Microsoft Corporation and Facebook, Inc., have joined forces to combat cyber threats following last year’s WannnaCry virus incident.  Although the virus attacked thousands of computers world wide, it could have easily been prevented if people’s computer security software were updated regularly.  According to the US Department of Homeland Security, within the first week of 2018, the two tech giants have disabled several new cyber threats.

According to the 2017 Annual Cybercrime Report, the risk of cyberattacks have grown over the years with some experts estimating potential future cyberattacks to cost a whopping, “… $6 trillion annually by 2021.”  Although Facebook and Microsoft are working hard to prevent cyber threats, this does not mean that the battle is over. Small businesses should invest in the cybersecurity to prevent future cyberattacks as well.

Statements from Facebook, Inc. and Microsoft Corporation about their commitments to cybersecurity:

Facebook has a long-standing commitment to security, and we continue to invest in efforts to protect people from cyber threats and keep our platform safe. We will continue to work closely with companies to investigate and counteract these types of threats to our collective security.

Microsoft president and chief legal officer Brad Smith issued a blog post saying that the company “among other steps, last week helped disrupt the malware this group relies on, cleaned customers’ infected computers, disabled accounts being used to pursue cyberattacks and strengthened Windows defenses to prevent reinfection.”

https://www.fool.com/investing/2018/01/02/microsoft-and-facebook-join-forces-to-stop-cyberat.aspx