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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

As AI slashes white-collar jobs, Salesforce CEO Marc Benioff says almost no one is being hired—except in sales

3

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year
Cybersecurity

Facebook gets serious about cybersecurity with new purchase

By
Laura Lorenzetti
Laura Lorenzetti
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By
Laura Lorenzetti
Laura Lorenzetti
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August 8, 2014, 7:54 AM ET
Social Networking Sites May Be Monitored By Security Services
Photo by Dan Kitwood—Getty Images

Facebook (FB) is getting serious about fighting off online data threats with its latest purchase.

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.

WATCH: Facebook arms itself against data threats

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By Laura Lorenzetti
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