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Saturday, 9 August 2014

FACEBOOK IS BUYING A CYBERSECURITY FIRM

JOE SULIVAN - CSO FACEBOOK
Cybersecurity firms have played a significant role to help the fight against cybercrimes. With the help of analysis of the Cyberthreats situation across nations and proposed way forwards to fight cybercrime, they have proven to be the right force to join.

Facebook has seen this and choose to join force with one of the Cybersecurity firm as a sign of getting serious about fighting off online data threats.

 The social network is buying PrivateCore, a cybersecurity firm founded in 2012. It develops software to validate and secure server data — essentially making sure that the photos and messages you post to your social media account stay secure from prying eyes.

“I've seen how much people care about the security of data they entrust to services like Facebook,” Joe Sullivan, Facebook’s chief security officer, said in "A POST" Thursday. “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.”

Facebook will integrate PrivateCore’s vCore technology into its server stack. It will protect servers from persistent malware, unauthorized physical access and malicious hardware devices. The new protections will help make cloud-based services more secure.


Terms of the deal weren’t disclosed. Palo Alto, Calif.-based PrivateCore was supported by $2.3 million in seed funding from TEEC Angel Fund and Foundation Capital in 2012, according to "CRUNCHBASE"

“Working together with Facebook, there is a huge opportunity to pursue our joint vision at scale with incredible impact,” Oded Horovitz, CEO of PrivateCore, said on his "COMPANY"S WEBSITE"