PayPal sets up Israeli security centre, buys CyActive

Online payments company PayPal, a unit of eBay, is establishing a cyber security centre in Israel and has bought local start-up CyActive to help launch the development. PayPal, which is slated to split from eBay later this year, did not disclose financial details but Israeli media have said the acquisition was worth $60 million. "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 cy