Correction 9:30 a.m. PST: This blog initially misstated the day the deal was announced. It is Monday.
eBay company PayPal announced Monday it plans to acquire Fraud Sciences in a cash deal valued at $169 million.
Fraud Sciences, a privately held Israeli company, will lend its online risk tools and analytics to both eBay and PayPal's fraud management systems. Fraud Sciences' technology will also be baked into the companies' next-generation fraud detection tools.