Category: Iovation

IOVATION – Feb 17 – Twenty years ago, online dating wasn’t even a thought. Ten years ago, it was weird. Five years ago, it was new and exciting. Today, it’s as normal as milk and bread. As online dating gradually gained popularity and acceptance, scammers were coming up with ways to take advantage and perfecting their craft. And now it’s a full-time job for them. In the last 90 days, 230,000 fraud and abuse attempts were reported to iovation from dating sites alone, including:

• Spamming – 90,000
• Scams and solicitations – 30,000
• Inappropriate content – 20,000
• Chat abuse – 17,000
• Profile misrepresentation – 15,000
• Credit card fraud – 14,000
• Identity mining / phishing attempts – 12,000

iovation has many more categories specific to dating, including bullying, account takeovers, under age members, and so on. What’s unique to their globally shared system is that their clients can choose what to take action on or not. Dating sites can specify which type of behavior to protect their users from.

The full article was originally published at iovation blog, but is no longer available.

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IOVATION BLOG – Oct 14 - A recent study by Javelin Strategy & Research found that fraud losses from mobile payments as a percentage of total revenue were 1.13% compared to the 0.83% for online-only merchants and 0.86% for multi-channel merchants. iovation protects online businesses and their end users against fraud and abuse and will lead the Mobile Anti-Fraud Roundtables at the Mobile Shopping Summit on October 25 in New York.

The full article was originally published at iovation blog, but is no longer available.

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IOVATION BLOG – Sep 28 - iovation continues to see significant growth in the total number of device reputation checks performed for online businesses, along with the number of unique devices managed in the Device Reputation Authority (DRA) database. With only three months remaining, iovation has already increased the annual growth rate for processed transactions by 67% over 2009. With more than 3.9 billion cumulative device reputation checks processed for e-commerce, financial, travel, gaming and online communities today, we expect to break 4 billion early in Q4.

Mark Brooks: iovation serves numerous idating companies and helps them work together to beat scammers, spammers, and those that would be abusive towards our communities and members. (Full Disclosure: iovation is a long term client of Courtland Brooks)

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BUSINESS WIRE – July 14 - iovation, the device reputation authority protecting online businesses from fraud and abuse, today unveiled ReputationManager 360. ReputationManager 360 combines customizable business rules, risk profiles, and the shared experiences of more than 2,000 fraud analysts worldwide. ReputationManager 360 helps online businesses stop cyber criminals before they have a chance to cause damage to both businesses and customers.

The full article was originally published at BusinessWire, but is no longer available.

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IOVATION – July 12 – iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, is running a webinar on Detecting High Risk Transactions on July 20th. During this 45-minute webinar, you will learn how to proactively assess risk to know which transactions to trust and which to reject. They'll discuss techniques that cyber criminals use to hide their identities and how you can detect this and act immediately to protect your business.

IOVATION BLOG – June 6 – Trying to fight fraud alone can be a losing battle. One of the most effective ways to defend your enterprise is by working together and sharing information with other fraud teams across multiple industries. Fraud management solutions such as iovation's ReputationManager draws upon the power of fraud teams working together with a common goal — to proactively defend their enterprises against a variety of sophisticated forms of fraud and abuse. Instead of trying to recognize every changing identity or device profile used by fraudsters on your own, with iovation once a device has been identified and submitted to the shared database, fraud analysts are alerted in real-time when a suspect device accesses their website, even if the computer’s configurations changed since its previous visit. Subscribers of iovation see on average, 17% of their devices cross between multiple industries.

The full article was originally published at iovation blog, but is no longer available.

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This post also appears on SocialNetworkingWatch.