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Bennett: "The software I developed detected theft from me" Israel today

2020-06-01T01:13:02.759Z

| Technology News"Call me from the credit company and say someone makes purchases there," wrote • There was also an exciting circle closing: The software that detected the theft - was developed by a company that founded Photo: Miriam Tzahi Closing Circle: Right Party Speaker Knesset Member Naftali Bennett posted a post on his Facebook page on Sunday stating that his credit card company prevented a thief from us...



"Call me from the credit company and say someone makes purchases there," wrote • There was also an exciting circle closing: The software that detected the theft - was developed by a company that founded

  • Photo: Miriam Tzahi

Closing Circle: Right Party Speaker Knesset Member Naftali Bennett posted a post on his Facebook page on Sunday stating that his credit card company prevented a thief from using his card number and making deals. The exciting part: the system that detected the sting developed The company that Bennett founded with his three friends 20 years ago.

"A bit of an exciting story. So, at the moment, Isracard called me to tell me that someone had obtained my credit information and shopping (that's not the exciting part), and they recognized it and prevented it," wrote former Defense Minister Naftali Bennett. "The software that detected the fraud is the one we developed in a company I founded with my three friends (Lior, Michal and Ben) 20 years ago - Saiota!"

"Today the company protects hundreds of millions of people around the world and employs hundreds of workers here in Israel in Beersheba and Herzliya," Bennett concluded.

The key development of "Saiota" was to find ways to identify the level of risk involved in online banking and credit card purchases made through the network and to verify whether the person making the transaction is the cardholder or is it a criminal entity that obtained the credit card information illegally.

After the initial development of the company, it was sold in 2005 to RSA for $ 145 million, and later in 2006, RSA itself was bought for $ 2.1 billion by US giant EMC. Among other things, the company served large banks in Israel, the United States, Canada, England and Japan.

Source: israelhayom

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