Computer security topped tech headlines last week on the back of a Bloomberg report alleging that China has been implanting malicious chips in U.S. hardware. While hardware security is an issue all on its own, cyber security outfit Palo Alto Networks (NYSE:PANW) announced earlier in the week that it has everyone’s back in the cloud computing space. Smaller competitor RedLock is getting scooped up for $173 million to help fortify Palo Alto’s cyberspace tech.
The cloud and how RedLock can help
Over the last decade, the migration from on-site company computers and servers to the cloud has been accelerating. “The cloud” refers to an off-site data center that provides computing power, data storage, and other functions on demand, reducing the need for on-site heavy lifting and software installation. (Here’s a quick primer from cloud computing pioneer Amazon for reference.)
While migration to the cloud has ... read more at: https://www.fool.com/investing/2018/10/10/palo-alto-networks-scoops-up-cloud-cyber-security.aspx