Original URL: http://www.channelregister.co.uk/2008/01/28/paypal_buys_fraud_firm/
PayPal is paying $170m for an Israeli security analysis company called Fraud Sciences Limited.
Fraud Sciences' risk products will be used on PayPal and eBay sites. This is likely to be welcomed by many PayPal users who do not consider the company does enough to protect them against fraud.
Several Fraud Sciences staff will move to PayPal including the current chief operating officer and two company founders. Fraud Sciences CEO Gadi Maier will help out with the transition period.
Fraud Sciences claims to differentiate between fraudulent and genuine transactions, presumably by weighing various risk factors like how much the transaction is for, what kind of thing is being bought and where the delivery address is.
The deal should close in the next 30 days, and eBay does not expect any impact on earnings. ®
Paypal glitch hits merchants with 12-day headache (27 May 2008)
http://www.channelregister.co.uk/2008/05/27/paypal_glitch_weighs_on_merchants/
PayPal meltdown wreaks havoc on some ecommerce websites (17 May 2008)
http://www.theregister.co.uk/2008/05/17/paypal_ipn_meltdown/
FTC lists 2007's top consumer frauds (13 February 2008)
http://www.theregister.co.uk/2008/02/13/ftc_2008_fraud_complaints/
SpringSource pounces on Covalent (29 January 2008)
http://www.theregister.co.uk/2008/01/29/springsource_buys_covalent/
eBay's CEO throws in the three kitchen towels in a jute bag - $4.99 (24 January 2008)
http://www.theregister.co.uk/2008/01/24/ebay_q4_whitman_out/
Reported malfunction in PayPal Security Key (28 November 2007)
http://www.channelregister.co.uk/2007/11/28/paypal_security_key_bug/
'Fiendish' Trojan pickpockets eBay users (19 October 2007)
http://www.channelregister.co.uk/2007/10/19/return_of_trojan_bayrob/
Skype rings up a loss for eBay (18 October 2007)
http://www.theregister.co.uk/2007/10/18/ebay_loss_blamed_on_skype/
Yahoo! Teams! With! eBay! And! PayPal! To! End! Phishing! (6 October 2007)
http://www.channelregister.co.uk/2007/10/06/yahoo_ebay_and_paypal_announce_anti_phising_scheme/
© Copyright 2008