Details of the acquisition were not publicized, but some reports this week said PayPal, which is being spun off by online giant eBay, was paying $60 million for the Israeli CyActive.
By i24news
Online payments group PayPal announced Tuesday it was acquiring Israeli cybersecurity firm CyActive and establishing a new security hub in Israel.
PayPal [illustration] – Photo: Eric Piermont /AFP/Archives
“Our goal is to extend our global security leadership, and bolster our efforts in predictive threat detection and prevention,” said PayPal chief technology officer James Barrese in a blog post.
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