Israeli offensive cyber company Paragon will be acquired by the U.S.-based private equity fund AE Industrial Partners for an initial payment of $500 million, with an additional $400 million contingent on meeting business milestones. Despite the acquisition, Paragon will remain an Israeli company, adhering to regulatory guidelines set by Israel’s Defense Ministry and the U.S. government.
Paragon’s management team and employees will stay in place, with plans to expand into new markets, launch innovative products, and recruit approximately 150 additional employees in the coming months.
Read more…
Source: MSN News
Related:
- Eight things we learned from WhatsApp vs. NSO Group spyware lawsuit
May 30, 2025
On May 6, WhatsApp scored a major victory against NSO Group when a jury ordered the infamous spyware maker to pay more than $167 million in damages to the Meta-owned company. The ruling concluded a legal battle spanning more than five years, which started in October 2019 when WhatsApp accused NSO Group of hacking more than ...
- Turkish intel busts cyber espionage ring stealing personal data
May 10, 2025
Türkiye’s National Intelligence Organization (MIT) has dismantled a cyber espionage network that sought to steal personal and financial data from citizens by imitating corporate identities through fake cell towers, security sources said Saturday. After months of investigations and surveillance, seven foreign nationals were caught red-handed in a joint operation with Istanbul police and prosecutors, sources said, ...
- Israeli spyware firm NSO to pay Meta $168m. in damages for hijacking WhatsApp servers
May 7, 2025
A federal jury in California handed Israel’s NSO Group a $168 million penalty on Tuesday for hijacking the servers of WhatsApp in order to hack users of the Meta-owned chat platform on behalf of foreign spy agencies. The case caps a six-year battle between the American social media giant and the surveillance firm. It has also ...
- Court document reveals locations of WhatsApp victims targeted by NSO spyware
April 9, 2025
NSO Group’s notorious spyware Pegasus was used to target 1,223 WhatsApp users in 51 different countries during a 2019 hacking campaign, according to a new court document. The document was published on Friday as part of the lawsuit that Meta-owned WhatsApp filed against NSO Group in 2019, accusing the surveillance tech maker of exploiting a ...
- Israel: Unit 8200 created AI language learning tool from intercepted Palestinian Arabic comms
March 7, 2025
Israel’s military surveillance Unit 8200 has reportedly developed a vast database of intercepted Palestinian communications in order to construct an artificial intelligence tool similar to ChatGPT, a joint investigation by The Guardian, +972 Magazine and Mekomit alleged on Thursday. Israel reportedly hopes that the resulting AI tool “will transform its spying capabilities.” The investigation by the ...
- Israel: IDF to impose social media restrictions after probe revealed posts assisted Hamas
March 4, 2025
The IDF is working to impose restrictions on soldiers and officials regarding their activity on social media, following the IDF probe published on Monday which showed markers left by IDF soldiers on social media granted Hamas a complete breakdown of nearly every unit, sub-unit, and building within the Nahal Oz IDF base when it invaded ...