Israeli Cyber Firm NSO Replaces CEO, Plans Layoffs

TEL AVIV—The Israeli cybersecurity firm NSO Group is changing its chief government and can lay off 100 staff, the agency mentioned Sunday, in a reorganization that comes after criticism that shoppers have abused its highly effective adware.

The transfer follows a U.S. resolution final 12 months to blacklist NSO over allegations that its surveillance software program, known as Pegasus, has been used inappropriately. These pressures have put the corporate vulnerable to defaulting on debt that Moody’s Corp. estimated was round $500 million in November.