RSA Security Acquires Cyota
BEDFORD, Mass. - RSA Security Inc. here has acquired New York City-based Cyota, Inc. for $145 million. Cyota's presence has been growing in the credit union industry. It has a number of large credit union clients such as Patelco CU and Pennsylvania State Employees CU, both of which use its anti-phishing solution. RSA, a $300 million publicly-held firm, is best known for its SecurID, a token security device that is based on an algorithm that generates a six-digit code every 60 seconds. RSA leaders told Credit Union Times that Cyota brings RSA risk-based and passive authentication tools that combined with RSA's security solutions can help deliver the first end-to end security solution for financial institutions. Security products are a big focus for credit unions with regulators calling on financials to protect their online features with two-factor authentication.