HELPNETSECURITY – Aug 7 – In the first half of 2019 49% of all risky transactions came from mobile devices, up from 30% in 2018, 33% in 2017 and 25% in 2016, according to iovation. iovation came to this conclusion by analyzing the 30B online transactions it evaluated for fraud from January 2016 to June 30, 2019. So far in 2019, the top industry for mobile fraud is telecommunications. In 2018, it was gambling. Communities (social networks or online dating sites) led in 2017.
Category: Iovation
Two IDEA Analyses :: Fraud Detection And UGC Review
OPW – May 15 – Please see the attached two analyses on Fraud Detection and User Generated Content review services that are in use by the dating industry.
For Fraud Detection, we took a look at, and recommend you take a look at: Kount, iovation, Sift Science, and ThreatMetrix.
For UGC Review, we identified the following companies that were serving the dating industry: Besedo, Crisp Thinking, Crowd Flower, Foiwe, Scamalytics, SightEngine and WebPurify.
ALL media is biased. But, GOOD media will tell you exactly where they are biased. We are biased with Kount, Besedo, Scamalytics and WebPurify. We have been retained by them in the past for help getting the word out to the dating industry.
Besedo and Scamalytics will both be attending the June 12-13th iDate in Los Angeles, so you can catch them there, btw. See you there hopefully.
- Download "Fraud detection solutions for the online dating industry" analysis
- Download "User generated content moderation solutions for the online dating industry" analysis
Post by Mark Brooks, CEO IDEA
iovation’s Data On Online Dating Scams
MARKETWIRED – Feb 11 - In 2015, 1.39% of all transactions on dating sites were fraudulent, down from the 1.58% iovation saw in 2014. By comparison, the rate of fraud across all industries was lower than in dating.
Top Types of Dating Fraud
- Spam
- Identity mining
- Scams/solicitations
- Profile misrepresentation – fraudster posts inaccurate identity information in a profile and/or uses bogus profile photos
- Credit card fraud
The highest % of fraudulent transactions in 2015 originated from these countries:
- United States – 18%
- Ghana – 11%
- Nigeria – 10%
- France – 8%
- Vietnam – 7%
iovation Reveals Statistics About Scammers
MARKETWIRED – Feb 5 – In 2014, 1.37% of all transactions on online dating sites were fraudulent. In comparison, iovation says 1.24% of all transactions it monitored across all industries in 2014 were fraudulent.
Top Types of Fraud
- Scams/solicitations
- Spam
- Credit card fraud
- Profile misrepresentation
- Identity mining
The highest percentage of fraudulent transactions on online dating sites in 2014 originated from these countries:
- Nigeria (29%)
- Ghana (26%)
- Ivory Coast (15%)
- Vietnam (10%)
- Argentina (8%)
What Businesses Should Look For
Knowing the true location of scammers, and when they are hiding behind proxies or Tor, is extremely helpful. "We looked at a laptop that had visited 18 different dating sites within a month. Many of our clients had already associated the device with some kind of fraud. Since these 18 dating sites all use iovation's risk service, they understand the high risk of doing business with that device and deny the registration attempts," said Jon Karl of iovation. "When that same laptop visited our financial clients to set up money transfer accounts, they were denied as well."
iovation Finds Mobile Use Is Up 70% YOY
IOVATION – Feb 12 - iovation, a company that is stopping Internet fraud with their device reputation database, revealed today that 39% of all online dating takes place on mobile devices, up 70% YOY. The company has analyzed tens of millions of transactions originating from 235 countries from January 1 to January 31, 2014. The top mobile devices singles used in Jan '14 were:
- Android – 55% of all mobile transactions
- iPhones – 27%
- iPads – 11%
- BlackBerry – 3%
How Can You Keep Unwanted ‘Tor’ Suitors At Bay
INTERNET RETAILER – Oct 10 – Tor software is available for free to anyone who wants to keep their identity private as they use the Internet. But it can also be used by criminals who want to hide the fact they’re coming from IP addresses in countries known for a high rate of online fraud. Iovation ReputationManager 360 includes now the Tor-detection service that is designed to identify the final web server, or end node, that a web site visitor uses before entering your dating site.
iovation Launches New ReputationManager 360 Features
IOVATION – July 30 – iovation is stopping
Internet fraud and identifying good online customers with their device
reputation database. The company has announced the addition of a number
of new capabilities that increase businesses’ control and flexibility
when fighting fraud.
New ReputationManager 360 features include:
- Mobile Emulation Detection – targets attacks originating from PCs posing as mobile devices.
- New Device Identification.
- Velocity by rule set – enables the ability to count transactions that
occur at specific customer touch points, such as at login and account
creation. For example, detecting a high number of login attempts could
indicate that a cybercriminal is testing passwords. - Additional rules for Real IP – provides more options for which IP
addresses and associated geolocation information are considered.
iovation Launches TrustScore To Identify Good Customers
PRESS RELEASE – Mar 5 – iovation, the provider of device reputation protecting businesses against online fraud, launchedTrustScore service. TrustScore identifies website visitors that are most likely to be trustworthy—even if they’ve never visited the site before. It accomplishes this by analyzing a consumer’s online activity from their collective devices and assigning a rating to those devices based on historical behavior.
iovation Identifies Top Continents For Online Fraud in 2012
MARKETWIRE – Feb 21 - iovation, the provider of device reputation protection against online fraud and abuse, found that Africa had the highest rate of online fraud when compared to all other continents in 2012.
- Africa – 7% of all transactions were fraudulent, with the highest percentages from Nigeria and Ghana.
- Asia – 5% Bangladesh, Vietnam and India.
- South America – 4%, Chile and Brazil.
- Europe – 2%, Poland, Romania and Portugal.
- North America – 1%, Mexico leading the list.
The majority of fraudulent transactions originating from Africa targeted online dating and retail websites.
The full article was originally published at Marketwire, but is no longer available.
iovation Finds Large Increase In Online Daters Using Mobile Devices
IOVATION – Feb 12 - iovation, the provider of device reputation
protection against online fraud and abuse, revealed today that 15% of
all transactions and activities it protected on dating sites originated
from mobile devices in 2012, a 65% increase from 2011. In 2012, iovation
found that 0.3% of all activity on online dating sites conducted from
mobile devices was fraudulent, compared to 1.36% from desktop computers
and laptops. The most used mobile devices for fraud were:
- Android – 27% of all mobile fraud
- iPads – 27% of all mobile fraud
- iPhones – 23% of all mobile fraud
- BlackBerry – 13% of all mobile fraud