Facebook acquires cyber security startup PrivateCore

By Silky Malhotra | Published on Aug 08 2014
Facebook acquires cyber security startup PrivateCore
HIGHLIGHTS

Facebook buys cyber-security start-up PrivateCore to protect user data.

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Facebook has acquired California-based cyber security startup PrivateCore, in a move to improve defences of its vast server network. The financial terms of the deal were not announced.

PrivateCore was launched two year back in 2012 in Palo Alto and specializes in protecting servers against malware and other kinds of intrusions. The company raised $2.25 million in funding in 2012 from Foundation Capital.

Private Core’s Oded Horovitz stated in a blog post that the two firms “have an aligned mission.”

“Since the beginning, we have worked tirelessly on our technology to protect servers from malware threats, unauthorized physical access, and malicious hardware devices,” he said. Working together with Facebook, there is a huge opportunity to pursue our joint vision at scale with incredible impact.”

Facebook’s Joe Sullivan stated, “I believe that PrivateCore’s technology and expertise will help support Facebook’s mission to help make the world more open and connected, in a secure and trusted way. Over time, we plan to deploy PrivateCore’s technology directly into the Facebook server stack.”

Cyber security concerns have been growing, and recently Hold Security had uncovered about 1.2 billion Internet logins and passwords in the biggest ever security breach by Russian hackers. The company stated that the data was not sold online, but was used to send Spam emails on behalf of other groups for a fee. In February, Hold security had discovered more than 105 million records stolen and sold on the online black market by the hackers.

Source: Phys.Org

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Silky Malhotra

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