clock menu more-arrow no yes mobile

Filed under:

PayPal Buys Israeli Cyber Security Firm CyActive

Jason Del Rey has been a business journalist for 15 years and has covered Amazon, Walmart, and the e-commerce industry for the last decade. He was a senior correspondent at Vox.

PayPal is creating a new security hub in Israel through the acquisition of a local firm called CyActive, PayPal announced on Tuesday. CyActive “specializes in technology that can predict how malware will develop,” PayPal said, aimed at preventing attacks before they occur. The deal comes at a time in which high-profile breaches such as the Sony hack online and the Target and Home Depot attacks in stores have put pressure on companies to better protect employee and customer data.

This article originally appeared on

Sign up for the newsletter Today, Explained

Understand the world with a daily explainer plus the most compelling stories of the day.