PayPal buys additional security vendors to increase security

PayPal has announced the acquisition of a $ 169 million Israeli security company to enhance the security of the online trading company 's online transaction.

PayPal, currently under eBay's management, expects the Fraud Sciences security acquisition process to be completed within 30 days. Later, Fraud Sciences technologies will be applied to user protection mechanisms of PayPal and eBay.

" Integrating Fraud Sciences' anti-risk tool with PayPal's sophisticated fraud management system will enable us to better protect hundreds of millions of eBay and PayPal customers ," the president's affirmation. PayPal, Scott Thompson.

PayPal did not disclose the details of the agreement but only said its value was 169 million dollars.

Fraud Sciences's founders are Shvat Shaked and Saar Wilf, and Yossi Barak CEO will become part of PayPal's fraud management team as committed by the two sides.

Building trust for PayPal and eBay services is a smart investment, according to analyst Rob Enderle of Enderle Group. Recently, eBay has faced stiff competition from Google and Craigslist - which also allows users to sell online.