Cloudflare to Acquire Area 1 Security for $162 Million; Plots a Response Against Phishing Attacks

Over the years, many people have tried to find their own definition of growth. This has guided them big time in regards to uncovering some really fascinating things about themselves. However, with every new individual discovery, we have also grown as a society. Now, when you have such a well-oiled dynamic running the show, it’s pretty natural to expect some really meaningful by-products along the way, and honestly, we ended up picking many, except none turned out to be as groundbreaking as technology. Technology stands out rather seamlessly here due to many reasons. For instance, while the creation was ingenious pretty much from the get-go, it also somehow had an offering for literally each and every discipline out there. The said versatility played a big part in realizing technology’s eventual takeover. By becoming entirely tech-driven, we, in turn, gave ourselves the perfect shot at achieving some outright unprecedented realities, but despite all the intelligence, the creation did come with some notable drawbacks, and a major one among them talked to its cybersecurity issues. The concerns around cybersecurity have been bugging the world for a while. In fact, they have only grown dramatically in the last two years. Fortunately, our efforts to mend the picture have just received one big boost. Interestingly enough, this boost comes from Cloudflare’s recent acquisition.

Cloudflare has officially revealed plans to acquire Area 1 Security, which is a startup beast-known for mitigating phishing attacks. According to certain reports, Cloudflare will fulfill the $162 million deal through both cash and stock options. It’s an intriguing acquisition by all means considering Cloudflare already has a full suite of in-house security products. Built on a zero trust model, these products are specifically designed to prevent data loss, malware or phishing attacks even if the concerned employee isn’t actively engaging with the device or not using a corporate VPN. Hence, after blocking over 40 million phishing campaigns so far, Area 1’s email security product appears as the perfect addition to the said line-up. Apart from helping Cloudflare achieve a relatively better brand of security, Area 1 will also look to significantly aid the company’s highly-regarded DNS capabilities.

“Email is the largest cyber attack vector on the Internet, which makes integrated email security critical to any true Zero Trust network. That’s why today we’re welcoming Area 1 Security to help make Cloudflare’s platform the clear leader in Zero Trust,” said Matthew Prince, Cloudflare’s co-founder and CEO. “Together, we expect we’ll be delivering the fastest, most effective, and most reliable email security on the market.”

 

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