PayPal to buy Israeli cyber security firm CyActive, says media

Online payments company PayPal, a unit of eBay, will buy Israeli cyber security company CyActive for US$60 million, Israeli media reports. The Globes financial newspaper said the deal is expected to close shortly. CyActive says it can forecast future cyber attacks and offer companies such as utilities detection and prevention. A spokeswoman for CyActive, which was founded in 2013, declined to comment on the reports.

Business Paypal