Google deal for ‘hot market’ cyber firm Wiz would bolster cloud security

If Alphabet’s Google is successful in its effort to buy cloud security company Wiz, it would bolster its cloud security offerings for large organisations, a hotspot for hackers, and help it take on cloud rivals Amazon.com and Microsoft , experts said.

Alphabet is in advanced talks to acquire Wiz, a person familiar with the matter said on Sunday, in an up to $23 billion deal that would be Google’s most expensive acquisition and provide it with cybersecurity products that defend against ransomware gangs wreaking havoc on large enterprises.