Tuesday, March 17, 2015
PayPal buys into bio-inspired security with CyActive
I don't usually write about acquisitions and all that financial stuff, but news that PayPal has acquired CyActive caught my eye as apparently this brings the promise of 'bio-inspired predictive security' into the online payments provider threat protection mix. Which made me think, just what the heck is bio-inspired predictive security when it's at home, and why has PayPal bought into it? My first port of call in trying to get a line on this was the official PayPal blog posting on the thing. "While we have industry-leading fraud models and verification techniques, and a world-class security team" James Barrese, Chief Technology Officer and Senior Vice President, Payment Services, PayPal says "we're always looking for ways to make our systems even more secure." Which is where the CyActive acquisition comes in, along with the establishment of a security center in Israel that will "tap into the country's cutting-edge technology and top cybersecurity talent." CyActive being part of that tapping into process, being an outfit which specializes in predictive technology that focuses on how malware will develop and by so doing adds an element of future-proofing (or at least that's the idea) to PayPal security measures.