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Israeli Spyware Firm Paragon Sold to U.S., as Trump's Digital Arsenal Grows
"#NSO competitor #Paragon, creator of Graphite #spyware used by #Israel and U.S., sold to American defense contractor, marking a shift in ties of cyber arms between Jerusalem and D.C."
#Staatstrojaner
https://www.haaretz.com/israel-news/security-aviation/2024-12-16/ty-article/.premium/israeli-spyware-firm-paragon-sold-to-u-s-as-trumps-digital-arsenal-grows/00000193-cd72-d450-a7b3-cffb9a180000
"#NSO competitor #Paragon, creator of Graphite #spyware used by #Israel and U.S., sold to American defense contractor, marking a shift in ties of cyber arms between Jerusalem and D.C."
#Staatstrojaner
https://www.haaretz.com/israel-news/security-aviation/2024-12-16/ty-article/.premium/israeli-spyware-firm-paragon-sold-to-u-s-as-trumps-digital-arsenal-grows/00000193-cd72-d450-a7b3-cffb9a180000
"Paragon, an Israeli spyware maker that has largely kept a low profile in recent years, was acquired last week by American private equity giant AE Industrial Partners, according to Israeli news reports.
Tech news website Calcalist reported that the investment firm bought Paragon for $500 million, and depending on how the company grows, the deal could reach $900 million. Globes reported that the upfront payment is $450 million, 20% of which will go to Paragon’s 400 employees, and 30% to the five co-founders, with the remaining 50% going to U.S. venture capital fund Battery Ventures and Israeli venture capital fund Red Dot.
In 2021, Forbes first revealed the existence of Paragon, which didn’t — and still doesn’t — have a website. The magazine reported that the company was founded by a group of former Israeli intelligence officers: Ehud Schneorson, former commander of Unit 8200, a renowned Israeli spy agency whose alumni often then work in the cybersecurity private sector, as well as CEO Idan Nurick, CTO Igor Bogudlov, and vice president of research Liad Avraham."
https://techcrunch.com/2024/12/16/israeli-spyware-maker-paragon-bought-by-u-s-private-equity-giant/
#CyberSecurity #Israel #Paragon #Graphite #Spyware
Tech news website Calcalist reported that the investment firm bought Paragon for $500 million, and depending on how the company grows, the deal could reach $900 million. Globes reported that the upfront payment is $450 million, 20% of which will go to Paragon’s 400 employees, and 30% to the five co-founders, with the remaining 50% going to U.S. venture capital fund Battery Ventures and Israeli venture capital fund Red Dot.
In 2021, Forbes first revealed the existence of Paragon, which didn’t — and still doesn’t — have a website. The magazine reported that the company was founded by a group of former Israeli intelligence officers: Ehud Schneorson, former commander of Unit 8200, a renowned Israeli spy agency whose alumni often then work in the cybersecurity private sector, as well as CEO Idan Nurick, CTO Igor Bogudlov, and vice president of research Liad Avraham."
https://techcrunch.com/2024/12/16/israeli-spyware-maker-paragon-bought-by-u-s-private-equity-giant/
#CyberSecurity #Israel #Paragon #Graphite #Spyware
Israeli spyware maker Paragon bought by US private equity giant | TechCrunch
The company's spyware, dubbed Graphite, is capable of hacking phones and stealing private communications.Lorenzo Franceschi-Bicchierai (TechCrunch)
“WIRED first reported that the technology was acquired by Immigration and Customs Enforcement (ice)—an agency within D.H.S. that will soon be involved in executing the Trump Administration’s promises of mass deportations and crackdowns on border crossings…
In September, the Department of Homeland Security (D.H.S.) signed a two-million-dollar contract with Paragon, an Israeli firm whose spyware product Graphite focusses on breaching encrypted-messaging applications such as Telegram and Signal.”
#dhs #israel #paragon
https://www.newyorker.com/news/news-desk/the-technology-the-trump-administration-could-use-to-hack-your-phone
paywall free: https://archive.ph/2024.11.20-233526/https://www.newyorker.com/news/news-desk/the-technology-the-trump-administration-could-use-to-hack-your-phone
In September, the Department of Homeland Security (D.H.S.) signed a two-million-dollar contract with Paragon, an Israeli firm whose spyware product Graphite focusses on breaching encrypted-messaging applications such as Telegram and Signal.”
#dhs #israel #paragon
https://www.newyorker.com/news/news-desk/the-technology-the-trump-administration-could-use-to-hack-your-phone
paywall free: https://archive.ph/2024.11.20-233526/https://www.newyorker.com/news/news-desk/the-technology-the-trump-administration-could-use-to-hack-your-phone