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PayPal pays $60m for Israeli predictive security start-up
Precog spookery merchants obviously knew it was coming
PayPal has confirmed a $60m acquisition of security intelligence firm CyActive.
The online payments firm, soon to be spun off from eBay, accompanied the announcement of the deal with plans to open a research hub in Israel.
CyActive, founded by ex IDF intelligence unit cyberspies in 2013, specialises in trying to predict the course of future malware using a combination of bio-inspired algorithms and an understanding of the hacking process. This analysis is used to help its clients (mostly enterprises to date) to stay ahead of hacking attacks.
In a blog post confirming the deal, CyActive co-founders Liran Tancman and Shlomi Boutnaru write about how thrilled they are to be joining PayPal.
Which is nice.
PayPal has gone shopping in Israel before, picking up financial fraud detection provider FraudSciences for $169 million back in 2008. ®
Biting the hand that feeds IT
