SOURCE: iovation

iovation

July 07, 2015 03:00 ET

Dixons Carphone to Reveal How iovation Helped Prevent a Fraud Ring Trying to Steal iPhones

New Webinar Series Called "Stories from the Field" Showcases How Online Fraud Rings Are Being Detected and Shut Down

PORTLAND, OR--(Marketwired - Jul 7, 2015) - iovation, preventing fraud, identifying trustworthy customers and authenticating devices online and on mobile, today announced Dixons Carphone will participate in an upcoming webinar and reveal how iovation helped them stop an organized fraud ring. Dixons Carphone is Europe's leading specialist electrical and telecommunications retailer and services company with more than 3,000 retail stores across their various brands, including Carphone Warehouse. Leonie Darbon of Dixons Carphone will host two separate webinars on July 8; one at 2pm BST and one at 11am PDT.

Leonie will discuss one of their most recent attempted fraud attacks on London's High Street including how the organized fraud ring tried to specifically target iPhone 6s from Carphone Warehouse's online storefronts using hacked accounts. By using iovation's device and transactional intelligence, Carphone Warehouse was able to identify commonalities and patterns between fraudsters and prevent fraudulent purchases from hacked accounts.

"iovation helps us correlate locations, devices, accounts and fraud indicators, giving us a powerful weapon to stop large-scale fraud," said Darbon. "By optimizing iovation's fraud prevention policies through identifying devices that have been used to commit fraud with iovation's other clients, and weigh that heavily in our review process, we get insights into fraudulent behavior that we couldn't get anywhere else."

Dixons Carphone taps into the shared knowledge of iovation's global fraud network containing the behavior of more than 2.5 billion Internet-enabled devices such as laptops, mobile phones and tablets, and 23 million client-reported fraud and abuse reports to determine the fraud risk in a transaction. iovation identifies more than 45 specific fraud types, such as identity theft, credit card fraud, account takeover and shipping fraud.

This is one of a series of upcoming webinars called "Stories from the Field" that features iovation's global clients spanning multiple industries, and their use of device-based intelligence to reduce risk, authenticate users and understand who their most trustworthy customers are. For more information or to attend the July 8 webinar, go to http://bit.ly/1FrNRVz

About iovation

iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,000 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of more than 2.5 billion Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect 12 million transactions and stop an average of 200,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network. For more information, visit iovation.com.

Contact Information

  • CONTACTS:
    iovation Inc.
    Connie Gougler
    503-943-6748
    Email Contact