BUSINESS WIRE — Sep 4 — Iovation‘s ReputationManager fraud management
service, has been selected by Network Products Guide as a 2008 Best
Products and
Services Winner. The ReputationManager identifies computers that have a
history of online fraud and
abuse and exposes hidden device and account relationships that exist
within a network. The service is built on iovation’s shared Device
Reputation Authority database, which manages the reputations of more
than 60m unique computers from every country in the world.
FULL ARTICLE @ BUSINESS WIRE
Category: Iovation
iovation Video Guides
OPW — Sep 4 — iovation is helping the internet dating industry to work together to beat scammers, spammers, fraudsters and those that would be abusive towards social networking communities. They've listed a number of introductory videos on their site and I picked the following two off as being particularly worthy of your attention. The first is by the VP Marketing, Scott Olson, and the second, by the CEO & Founder, Greg Pierson. (Disclosure: iovation is a client of Courtland Brooks and kindly sponsors OPW)
Online Communities: https://www.iovation.com/resources/white-papers/iovation-keep-communities-safe-white-paper
Online Gambling: https://www.iovation.com/resources/white-papers/iovation-expose-fraud-rings-gambling-white-paper
Internet Dating Scams Can Get Expensive
CONSUMER AFFAIRS — July 28 — Annette was lonely. eHarmony.com matched her with a building engineer who was working in Nigeria. Everything was fine until the customs agents in Nigeria confiscated his luggage with $45,000 in travelers' checks. His situation worsened and Annette had wiped out her life savings by wiring $36,300 to Nigeria to help him. Mark Brooks, editor of OnlinePersonalsWatch.com and a consultant for the industry, said every dating Web site has problems with scammers. "This is organized crime. They are targeting lots of different industries, but idating is one of them," Brooks said. "Many of these scammers work together to create enormous fraud rings and share data on how best to scam people", said Scott Olson, VP marketing for iovation, a company that tracks computers so that Web sites can block devices that have a history of being connected with fraud. eHarmony.com clearly states on its Web site that it does not perform background checks. Some Web sites do offer background checks, but Brooks agreed with Posell (eHarmony.com) that most background checks would be costly with little increase in safety. FULL ARTICLE @ CONSUMER AFFAIRS
Mark Brooks: Good background checks cost $100+. Background checks pulling data from online sources can cost as little as $3. iovation offers a solution which allows dating sites to work together to combat scammers, and works in the background. If you'd like to kick some scammer ass, look to iovation. I've helped them sign up numerous dating sites into their 'anti-scammer dating ring' including a top 3 dating site! Disclosure: iovation is an Online Personals Watch sponsor and a client of Courtland Brooks.
iovation Stops One Million ‘Bad Guys’
BUSINESS WIRE — June 10 — iovation, the device reputation authority for the Internet, has helped customers stop more than a million online fraudulent and abusive activities in the first half of 2008. In Q1 2008, iovation reported performing more than 100m reputation checks on devices coming from the U.S. The U.S. topped the list of countries with the most reputation queries, followed by Canada and the U.K. with 11m and 8m, respectively. For iovation customers in the Online Social Networking sector, devices coming from Belgium had the highest % of denied transactions at 15%. The Philippines and Nigeria followed with 11% and 7%. FULL ARTICLE @ BUSINESS WIRE
Mark Brooks: iovation helps internet dating sites share information on the bad guys: scammers, spammers and those that would be abusive towards other users. Devices are identified and associated with behaviors. iovation subscribing companies then have the benefit of that tagging so they can catch the bad guys at the gate. (Full Disclosure: iovation is a client of Courtland Brooks and a sponsor of this blog)
Iovation Reduces Fraud For Online Dating Community
PRESS RELEASE — May 29 — WhiteLabelDating.com has implemented iovation's ReputationManagerTM, a device-based fraud management service that helps reduce online fraud and abuse, across the company's portfolio of over 500 sites. To date, iovation has helped WhiteLabelDating.com successfully block over 1,200 fraudulent and abusive attempts within its network.
The full article was originally published at AD Hoc News, but is no longer available.
Mark Brooks: iovation is now live with several sizable dating sites. In a nutshell, you can collaberate with other dating site owners to kick the bad guys off your site. They are funded by Intel Capital and SAP amongst others. See iovation.com for a news clip with the CEO, Greg Pierson. He describes iovation as a virtual crime fighter. 41st Parameter is another option. (Disclosure: iovation and WhiteLabelDating.com are clients of Courtland Brooks)
Obopay Selects Iovation
BUSINESS WIRE — Apr 9 — Obopay, the pioneering service provider
for payments via mobile phones, is implementing iovation
ReputationManager™. Obopay will use iovation’s device-based fraud
management service to reduce online fraud, improve
operational efficiencies, and increase revenue through more precise
risk management. FULL ARTICLE @ BUSINESS WIRE
Iovation Secures $15M
RED HERRING — Mar 27 — Fraud protection service firm Iovation capped a $15m funding round with a $5m investment from SAP Ventures and European Founders. The initial $10m investment was made by Intel Capital. iovation markets a hosted service which tracks and identifies the devices used by people to commit online fraud on commercial sites or to harass users of social networking and dating sites. The company also creates a database of suspect devices gleaned from each of its customers which is then shared among all of Iovation's customers.
The full article was originally published at Red Herring, but is no longer available.
Mark Brooks: Wow! This is one of the biggest votes of confidence I've ever seen. I'm proud to have iovation as a client (of Courtland Brooks), and a sponsor of Online Personals Watch and Social Networking Watch. If you would like to wipe out scamming activity on your dating or social networking site, iovation is the way to go. You can email me at mark@courtlandbrooks.com to schedule a 45 minute introductory demo of iovation's dating and SNS products.
Iovation Partners With PayByCash
BUSINESS WIRE — Mar 13 — PayByCash, a global payments provider, and iovation, the
device reputation authority of the Internet, partners to help online businesses combat payment and credit card
fraud. Under the partnership, PayByCash will offer iovation’s real-time
ReputationManager™ device reputation fraud management service as a part
of its online payment services to protect massively multiplayer online
games (MMOs) and other online merchants from all forms of payment
fraud. FULL ARTICLE @ BUSINESS WIRE
Mark Brooks: iovation is also working with a number of internet
dating sites to help combat fraud and scammers. (Full Disclosure:
iovation is a client of Courtland Brooks)
Internet Playing Middleman In Romancing
INDIA TIMES — Mar 7 — Indian online dating revenue were $30 million in 2006 showing a growth rate of 50% year-on-year. Internet usage for online dating has increased from 9% in 2006 to 37% in 2007. In India, where up to 90% of all marriages are arranged, domestic online dating companies are racking up some impressive numbers. In US the online dating revenue was $900 million in 2007, and growing more than 70% year-on-year, according to Jupiter Research. The growth of various free dating sites like OkCupid, Matchdoctor.com, Bookofmatches, Smooth.com and CrazyBlindDate.com have driven the trend of online dating. The concept of virtual dating is gaining popularity, where sites like Mate4all.com or OmniDate.com are offering users the chance to date with the help of avatars in a place that resembles the real environment. Another promising technology is 'iovation' which helps online firms prevent fraudulent activities. FULL ARTICLE @ INDIA TIMES
Device Reputation A Critical Component Of Fraud Management
BUSINESS WIRE — Mar 4 — The importance of client device identification and its role in online fraud management was recently highlighted in a Gartner report titled, "Best Practices in New Account Fraud Detection". By adopting a shared device reputation infrastructure like iovation‘s Device Reputation Authority™ (DRA) service, online businesses can benefit from the experiences of their peers and detect devices that have been used for fraud in the past even if that is the first time the business has ever seen that device. FULL ARTICLE @ BUSINESS WIRE