Symantec has acquired PasswordBank, a Spain-based startup that provides multifactor authentication, user management and single sign-on services.
According to Spanish news site Expansion, the IT security giant has reportedly paid $25 million (€19 million) for the company.
Most of PasswordBank’s employees – it’s worth noting that there are less than 20 – have been retained. The company’s CEO, Roger Casals, has been named product manager.
The company was founded in 2008 and most of its profit from the last fiscal years was generated by its international customers.
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Celebrating Data Privacy Day – 28th January 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Most Active Commenters
Meta’s fine over data privacy breaches underscores the critical challenges…
Hi, Thanks, that is really useful information. I do have…
“This is a very worrying attack that hit T-Mobile and…
“This latest cyberattack against T-Mobile may be smaller than previous…
“Genesis Market is a complex global criminal access marketplace. Buyers…