• 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

Maryam Nawaz Booked for Instigating NAB office Attack
Pakistan

Imran Khan finding another Saqib Nisar in the judiciary says, Maryam Nawaz

by Top
May 31, 2022
Several cities face petrol shortage amid oil tanker owners' strike
Pakistan

Petrol, and diesel in Pakistan still cheaper than UK, BD, India, UAE

by Top
May 27, 2022
Opposition’s Haste for no Trust Move to Save Looted Wealth: PM Imran
National

Supreme Court bars govt from initiating action against Imran Khan

by Shameel Shoaeb
May 26, 2022
COVID-19 restrictions removed as positivity ratio declines: Asad Umar
Pakistan

Asad Umar welcomes PM Shehbaz Sharif’s offer for talks on fresh elections

by wasif
May 26, 2022
Colors of state media’s electronic banners, websites’ logos changed to mourn UAE President’s demise: Marriyum
Pakistan

Colors of state media’s electronic banners, websites’ logos changed to mourn UAE President’s demise: Marriyum

by Top
May 16, 2022
PM orders immediate restoration of NCOC after detection of Omicron’s sub-variant
Pakistan

PM orders immediate restoration of NCOC after detection of Omicron’s sub-variant

by Top
May 10, 2022
Present govt does not believe in restrictions on media freedom, controversial PMDA abolished: Marriyum
Pakistan

Present govt does not believe in restrictions on media freedom, controversial PMDA abolished: Marriyum

by Top
April 28, 2022
Next Post
MQM Nine Zero

Rangers Raid MQM Headquarters Nine Zero

Popular Stories

  • Toyota $100mn investment in Pakistan

    Toyota Motors plans $100mn investment in producing hybrid electric vehicle in Pakistan

    0 shares
    Share 0 Tweet 0
  • Europa League final: Porto 1-0 Braga

    0 shares
    Share 0 Tweet 0
  • 9 Exotic Cat Breeds You May Have Never Seen Before

    0 shares
    Share 0 Tweet 0
  • ‘Fake, doctored’: PML-N’s Muhammad Zubair on ‘video leak scandal’

    0 shares
    Share 0 Tweet 0
  • Real Housewife Joanna Krupa wears ENTIRELY dinner fianc

    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

  • Imran Khan finding another Saqib Nisar in the judiciary says, Maryam Nawaz
  • No concern yet monkeypox will cause pandemic: WHO
  • Petrol, and diesel in Pakistan still cheaper than UK, BD, India, UAE

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