Connect with us

Hi, what are you looking for?

Jewish Business News

StartUps

PayPal Buys Israeli ‘Predictive’ Cyber Security Company that Could Have Prevented the Sony Attack

In the Sony event, the attack was a variant of several other attacks, which CyActive would have spotted and blocked.

CyActive Co-Founders CEO Liran Tancman (R) & CTO Shlomi Boutnaru

PayPal has bought Beer Sheva-based cyber security start-up CyActive for between $60 and $80, the website Calcalist reported.

CyActive, which to date has only raised $2 million, was founded in 2013 by CEO Liran Tancman and CTO Shlomi Boutnaru, to develop software that predicts and prevents future malware by analyzing past attacks.

This is only the second Israeli acquisition by PaPal.

Experts say CyActive is one of a very small number of cyber security programs available today which are completely fail-safe in actually preventing cyber threats, not merely recognize and fight them.

Yoav TzruyaYoav Tzruya, a partner at Jerusalem Venture Partners, told Globes that CyActive could have prevented the attack on the Sony computers last year.

Tzruya said the program can detect whether an attack against another company could be tweaked to breach the system it is protecting, and takes steps to prevent the new attack before it arrives.

Tzruya suggested that in the Sony event, the attack was a variant of several other attacks, which CyActive would have spotted and blocked.

PayPal made its first Israeli acquisition in 2008, buying FraudScience for $169 million. The PayPal fraud control center is now in Tel Aviv.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement