PayPal Doubles Down On Israel: Confirms CyActive Acquisition, New Security Hub — techcrunch.com

PayPal — soon to be spinning off from parent company eBay — today confirmed its latest acquisition and move to build out its payment technology as a standalone business, and provide better protection in the growing problem of security breaches in e-commerce. It is buying CyActive, a specialist in predictive malware detection based out of Israel. And it will use the company’s operations to kickstart a larger security hub in the country, including potentially more acquisitions.

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