Microsoft is currently testing the service, code-named Morro, with its employees. A beta version will be available soon, but no word on a specific date.
Morro will compete with paid providers like Symantec and McAfee.
According to Reuters, Symantec shares fell 0.5 percent on Nasdaq and McAfee fell 1.3 percent on the New York Stock Exchange, while Microsoft was up 2.1 percent.
The Morro news comes a day after Microsoft killed MS Money, its Quicken rival.
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