SuperCom Ltd is planning to acquire Israel-based cyber security company Prevision Ltd as part of its strategy to offer complimentary security products and solutions to its growing customer base.
The company expects the deal to contain an upfront cash payment and a potential earn out payments over five years, with the total aggregate payment capped at $2.5 million.
The closing of the proposed acquisition is expected within 60 days, pending successful due diligence and signing of definitive agreements.
The US and India have decided to jointly strengthen their cyber security partnership to combat cyber-crimes. Many business leaders shared their views on cyber challenges with Indian and the US government officials in the US –India cyber security dialogue that took place last week
Protection of critical infrastructure from cyber attacks has become an important priority for world leaders, says Eugene Kaspersky, chairman and CEO of Kaspersky Lab Thursday. He will be addressing the most pressing issues facing cyber-security and how to address them during a panel session at the World Economic Forum in Davos this week
The US and the UK will be launching cyber attacks against one another to test mutual defenses following last weeks hacking of social media accounts of the US militarys central command (CENTCOM) allegedly by ISIS sympathizers. Both the nations are looking to increase sharing of information about threats and to work out how to best protect them and create a system that lets hostile states and organization know they shouldn't attack, UK Prime Minister David Cameron said in an interview published by the BBC on Friday
The French government is likely to intensify the search of cyber-criminals with the launch of a massive surveillance program to track exchanges that pass through social media, covering audio and video communications. Prime Minister Manuel Valls yesterday announced 54 measures his government was considering since the attacks last week on Charlie Hebdo magazine office
Israeli firm RT LTA announced today that it has been awarded a two year lease contract to provide 180 aerostats by the hour with crew to assist Israeli police. The Skystar 180 system is a small, portable aerostat, especially suited for tactical intel assignments and security operations, both military and civilian
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