• Login
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion
No Result
View All Result
Times of Pakistan
No Result
View All Result
Home Pakistan

PayPal Buys Cybersecurity Firm, Creates Israel Hub

ToP by ToP
March 11, 2015
in Pakistan
0
PayPal
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Online payments group PayPal announced Tuesday it was acquiring Israeli cybersecurity firm CyActive and establishing a new security hub in Israel. 

[contentblock id=1 img=adsense.png]

The terms of the deal were not announced, but some reports this week said PayPal, which is being spun off by online giant eBay, was paying $60 million for CyActive.

PayPal

“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. “The acquisition of CyActive will bring great talent and immediately add future-proof technology to PayPal s world-class security platform. With CyActive, we ll have even more ways to proactively predict and prevent security threats from ever affecting our customers.” The move comes with the finance sector increasingly under attack from hackers. In recent months, major companies have disclosed data breaches affecting tens of millions of customers, with credit card or financial information leaked in some cases. 

[contentblock id=2 img=gcb.png]

CyActive, which launched in 2013, specializes in “predictive cybersecurity,” or heading off online attacks before they happen. The company s website claims it has “an unprecedented ability to automatically forecast the future of malware evolution, based on bio-inspired algorithms and a deep understanding of the black hats hacking process.” Online retail giant eBay unveiled plans last September to spin off PayPal, aiming to help the unit compete better in the fast-moving online payments segment. According to eBay, PayPal facilitates one in every six dollars spent online today. And PayPal has moved into mobile payments with the acquisition of the payment processing group Braintree, boosting its own mobile platform called OneTouch.

Tags: business newslatest news
Previous Post

ICC Cricket World Cup 2015: Kane Williamson Laid Low by Gastro

Next Post

Rangers Raid MQM Headquarters Nine Zero

ToP

ToP

Related Posts

Petrol
Pakistan

Govt’s Subsidy Plan Raises Red Flags

by Jameel Ahmad
March 21, 2023
Imran Khan
Pakistan

Imran Khan Dials Down Anger, says ready to Mend Fences

by Jameel Ahmad
March 21, 2023
Standoff at Imran Zaman Park residence enters second day as skirmishes resume
Pakistan

Standoff at Imran Zaman Park residence enters second day as skirmishes resume

by Jameel Ahmad
March 15, 2023
Zahir Jaffer
Pakistan

Zahir Jaffer gets double death sentence in Noor Mukadam murder case

by Jameel Ahmad
March 14, 2023
Toshakhana Gifts
Pakistan

Govt makes 21-year record of Toshakhana Public

by Jameel Ahmad
March 14, 2023
Election Commission of Pakistan
Pakistan

PTI Delegation visited the Election Commission of Pakistan

by ToP
March 9, 2023
Andre Emilio Mens Suiting
Pakistan

Get a Made to Measure Suit in 4 Days through André Emilio!

by ToP
March 7, 2023
Next Post
MQM Nine Zero

Rangers Raid MQM Headquarters Nine Zero

Popular Stories

  • Farhan Ali Qadri

    Naat Khawan ‘Farhan Ali Qadri’ Arrested

    0 shares
    Share 0 Tweet 0
  • Govt makes 21-year record of Toshakhana Public

    0 shares
    Share 0 Tweet 0
  • Watch Video: Indian Father Buried His Ten Year Old Daughter Alive

    0 shares
    Share 0 Tweet 0
  • The Suffering Soul in the Scientific Age

    0 shares
    Share 0 Tweet 0
  • Saudi FM Condemns Iranian ‘Support’ for Yemen Rebels

    0 shares
    Share 0 Tweet 0
Times of Pakistan

About Times Of Pakistan

kralbetbetturkeyikimislibahis1xbetm.infohipas.infohttps://www.wiibet.com/restbetcdn.com

Other Categories

  • Beautiful Pakistan
  • Fashion News
  • Funny News
  • Viral Videos
  • Weird News

Recent Posts

  • Govt’s Subsidy Plan Raises Red Flags
  • Imran Khan Dials Down Anger, says ready to Mend Fences
  • Standoff at Imran Zaman Park residence enters second day as skirmishes resume

Times Of Pakistan © 2021. Design & Developed by E2E Solution Providers.

No Result
View All Result
  • Home
  • Pakistan
  • International News
  • Business
  • Sports
  • Entertainment
  • Opinion

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In