PayPal Opens Cybersecurity Center in Israel

March 15, 2015 | After acquiring the Israeli cybersecurity startup CyActive for reported $60 million, the company has decided to a cybersecurity center in Israel. “Located in one of the world’s top cybersecurity hubs, this new security center will allow us to tap into the country’s cutting-edge technology and top cybersecurity talent,” PayPal chief technology officer James Barrese wrote in a blog on the company’s website. The acquisition of CyActive is PayPal’s second acquisition of an Israeli company, after the online payment giant acquired FraudSciences in 2008 for $169 million.