Google closes $5.4 billion Mandiant acquisition in cybersecurity overhaul

Yahoo Finance tech reporter Allie Garfinkle highlights Google's cloud cybersecurity outlook following its acquisition of Mandiant.

Video Transcript

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DAVE BRIGGS: Google, speaking of, recently closed its $5 billion buyout of cybersecurity firm Mandiant. And the company's now sounding off on it. Yahoo Finance's Allie Garfinkel here with what's next for Google and their cyber strategy. Hi there, Allie. What are you hearing?

ALLIE GARFINKLE: Hi, Dave. Great to see you. So Google Cloud chief information security officer Phil Venables sounded off this morning, this afternoon actually. And the message I was getting was really clear. Google's cyber security ambitions are massive.

This deal, as big as it is, also massively increased their threat intelligence capabilities. So they want to get this right. And I would say there are two important things to remember here. First, this is happening in a moment when cybersecurity risk is higher than ever. That's what experts have been telling me. And it makes sense that in this environment, we're seeing Google really shore up its cybersecurity position.

But also, the other thing too, and the second thing, the thing I'm watching is that this is their biggest deal in 10 years. It's even bigger than, actually, Fitbit, which actually made those watches possible in part. And I'm looking for Google to spotlight this going forward. We could see that as soon as next week when the Mandiant deal is reportedly set to be a big part of Google Cloud's major event. So that's what I'm looking for here.

DAVE BRIGGS: All right. Good stuff, Allie-- Allie Garfinkle, excuse me. I appreciate you joining us with that. Stick with us here on Yahoo Finance.