Meta Names Former PayPal Executive Assaf Keren as New CISO
Meta has appointed Assaf Keren, a former executive at PayPal, as its new Chief Information Security Officer. Keren will succeed Guy Rosen, who will remain in his role during a transition period before leaving the company later this year.
Meta (parent of Facebook) has appointed Assaf Keren, a former executive at PayPal (PYPL), as its new Chief Information Security Officer (CISO). Keren will succeed Guy Rosen, who will stay on during a transition period before departing later this year, according to media reports.
Background
Assaf Keren brings extensive cybersecurity experience, having served as Vice President of Information Security at PayPal. He joined PayPal in 2019 from cybersecurity firm Cybereason, where he was Vice President of Security. Keren is known for his contributions to developing cybersecurity strategies and risk management.
Reasons for Change
Meta has not officially stated the reasons for Guy Rosen's departure, but the change comes amid increasing regulatory and legal challenges related to data privacy and security. Rosen has led Meta's information security team since 2019.
Impact on the Company
Keren is expected to continue strengthening Meta's cybersecurity measures, especially as cyberattacks and regulatory pressures mount. This appointment is seen as a strategic move to bolster user and investor confidence in the company's ability to protect data.
Market Reaction
The market has not shown a notable reaction to this announcement so far. Meta's stock (META) is trading at current levels with little change.
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