Cyota was a leading payment security provider for financial institutions. It specialized in fraud related to the Internet, such as online banking fraud, eCommerce fraud and phishing.
The company was founded in 1999 by Naftali Bennett (CEO), Michal Tzur, Lior Golan (CTO) and Amir Orad (VP Marketing). Cyota was acquired in 2005 by RSA Security, Inc (NASDAQ: RSAS) for $145 million. RSA was subsequently acquired by EMC Inc (NYSE: EMC).
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