Microsoft Security Chief Stresses On Importance Of Combating Cyberattacks Through Cloud Adoption - Microsoft (NASDAQ:MSFT)

Microsoft Corp's MSFT new security chief, Charlie Bell, emphasized the importance of solving cyberattacks by embracing cloud, the Wall Street Journal reports.
Microsoft has built a $15 billion business and one of the world's most enormous private cyber armies to counter cyberattacks.
WSJ notes that U.S. banks flagged nearly $600 million in ransomware payments during the first six months of 2021.
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Microsoft finds itself uniquely positioned in the center of all of this activity, Mr. Bell said. Its email and office-productivity products are dominant on corporate and government networks, and it is the country's No. 2 provider of cloud-computing services.
Bell, who at Amazon.com Inc AMZN helped build the world's largest cloud business, said Microsoft is taking center stage in combating cybercrime. Some of its customers have said the company has more to do.
Price Action: MSFT shares traded lower by 1.00% at $284.83 on the last check Wednesday.