PayPal buys cybersecurity firm, creates Israel hub

Washington (AFP) March 10, 2015 Online payments group PayPal announced Tuesday it was acquiring Israeli cybersecurity firm CyActive and establishing a new security hub in Israel. 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. “Our goal is to extend our global security leadership …

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