GADGETS – Oct 8 – iovation ReputationManager 360 solution won gold in the security service category for the 4th annual 2012 Golden Bridge Awards. The Golden Bridge Business and Innovation Awards annually highlight industry and peer recognition honoring the best companies worldwide in every major industry. This year's gold winners include Apple, Cisco Systems, General Motors, Hilton Hotels, IBM, Juniper Networks, Pinterest, Proctor & Gamble and Samsung.
About iovation iovation protects online businesses and their end users against fraud and abuse through a combination of shared device reputation and real-time risk evaluation.
Category: Iovation
iovation Launches Fraud Force Online Community
US POLITICS – Sep 12 – iovation, the Device Reputation Authority, is launching an online community for its clients called Virtual Crime-Fighting Network. The network provides iovation clients and thousands of fraud professionals a private, virtual community to connect and collaborate in the fight against cybercrime. "Sharing data is baked into iovation's DNA and is essential to combat constantly evolving Internet threats and the devices that are used to conduct them," said Jon Karl, VP of Corporate Development at iovation.
The full article was originally published at US Politics, but is no longer available.
iovation Surpasses One Billion Tracked Devices
PRESS RELEASE – Sep 10 – iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, now tracks the online behavior of ~1 billion devices. According to iovation, Linux devices have the highest % of fraudulent transactions originating from them. “Interestingly, we found that 2.3% of all transactions from Linux-based machines, 1.4% of all transactions from Windows machines and 1% of all transactions from Macs were fraudulent,” said Scott Waddell, VP of Technology at iovation. The billion devices that iovation tracks include everything from desktops to laptops, mobile phones to tablets, and handheld gaming devices to gaming consoles and smart TVs.
The full article was originally published at iovation website, but is no longer available.
iovation Finds 60% Increase In European Fraud Online
PRESS RELEASE – Apr 25 – iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, announced that the rate of fraudulent online transactions it stopped in Europe is 60% greater today than a year ago. The rate of fraudulent transactions originating from Europe jumped from 1.3% from January to March 2011 to 2.1% from January to March 2012 and showed upward movement every quarter in between. The top three European countries for online fraud over the last year were Romania, Lithuania and Croatia according to iovation. From April 2011 to April 2012, iovation stopped 15M fraudulent online transactions in Europe.
Dating Website Fraud Is Running Rampant
BUSINESS INSIDER – Feb 13 – According to the fraud protection firm Iovation, instances of fraud on dating sites has jumped more than 150% in the past year. In 2010, 1.4% of the online dating site transactions Iovation processed using its ReputationManager 360 program were found to be fraudulent; that number jumped to 3.8% in 2011. "Those bad actors can cause millions of dollars in lost revenue and damaged reputation to online dating sites, not to mention a loss of innocence for its users," Mark Brooks, said editor of OnlinePersonalsWatch.com.
by Matt Liebowitz
See full article at Business Insider
iovation: Keeping Your Members Safe From Online Scams And Predators
OPW – Feb 12 - Each year, more and more people are turning to the Internet to find romance. At the same time, cyber-criminals continue to seek opportunities to exploit the vulnerability of singles on a global scale. Security is a major challenge for internet dating sites, which can attract scammers, spammers, stalkers and predators. A device fingerprinting solution such as iovation ReputationManager 360 provides unique insight into the computers being used to create multiple accounts and exposes hidden device account relationships that identity-based fraud solutions often miss.
Fraud Is In The Air, iovation Finds Increase In Online Dating Abuses
MARKET WIRE – Feb 9 - iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, has seen a significant spike in online dating site fraud in the past 12 months. Iovation found that 3.8% of the total transactions it processed for online dating sites in 2011 were fraudulent — more than a 150% increase over the 1.4% in 2010 and 1.5% in 2009. To date, iovation has stopped almost 60M fraud attempts on dating websites.
Some of the most common scenarios include:
- Credit Card Fraud
- Spamming
- Scams and Solicitations
- Identity Mining
- Profile Misrepresentation
- Harassment / Bullying
- Chat Abuse
The full article was originally published at Marketwire, but is no longer available.
iovation Reduced Fraud Losses by $1.8 Million
IOVATION BLOG – Sep 21 - For online retailers whose business models rely on Internet transactions to generate revenue, fraud losses that range anywhere from tens of thousands to millions of dollars a year can have a significant impact on their overall business profits. In iovation's case study, “Online Retailer Uses New Fraud Detection Systems To Cut Fraud Loss Rates,” Forrester Research principal analyst, Andras Cser, shares how the online merchant was able to reduce fraud loss by $1.8M after deploying iovation’s ReputationManager 360 along with our partner’s case management system.
by Max Anhoury
The full article was originally published at iovation blog, but is no longer available.
Red Herring Recognizes iovation As A 2011 Top Technology Innovator
IOVATION BLOG – May 18 – iovation was named as a finalist for the 2011 Red Herring Top 100 North American Award. Last year alone, iovation helped online businesses prevent 35M fraud attempts to protect their customers, corporate reputations and reduce fraud losses.
The full article was originally published at iovation blog, but is no longer available.
(Full disclosure: iovation is a former client of Courtland Brooks)
iovation Expands Presence In France
IOVATION BLOG – Apr 29 – Every day iovation assesses risk on 7.5M transactions for their online customers around the globe. France trails just third, behind the US and UK in the total volume of Internet traffic from one country. As part of iovation's effort to expand their device identification, device reputation and real-time risk mitigation services for online businesses in France, Philippe Mazurier has joined iovation as Country Manager, heading up sales and business development.
The full article was originally published at iovation blog, but is no longer available.