Report: PayPal buys Israeli cybersecurity company

San Jose, Calif. – PayPal has reportedly purchased CyActive, an Israel-based provider of predictive cybersecurity technology, for $60 million. According to Israeli media outlet Globes, CyActive uses an algorithm based on biology to forecast cyberthreats.



CyActive was developed in a technology incubator operated by Israeli venture capital firm JVP in Beersheva Advanced Technologies Park, Israel. This marks PayPal’s second Israeli purchase. PayPal acquired Israeli financial fraud technology vendor FraudSciences for $169 million in 2008.



None of the involved parties commented.