SOURCE: iovation

iovation

October 29, 2013 08:15 ET

iovation to Detail How Extending the Customer Record to Device Increases the Fraud Catch for Financial Institutions

Company's Device Reputation Intelligence to Be Showcased at FS-ISAC Fall Summit

PORTLAND, OR--(Marketwired - Oct 29, 2013) - iovation, stopping Internet fraud and identifying good online customers with the world's most comprehensive device reputation service, today announced that the Financial Services Information Sharing and Analysis Center (FS-ISAC) selected the company for its Solutions Showcase. Max Anhoury, iovation's Vice President of Global Sales, will present "Knowing Who To Trust Online -- Extending the Customer Record to Device" in the Solutions Showcase as part of the FS-ISAC Fall Summit being held November 18-21, 2013, at the Arizona Grand Resort in Phoenix, Ariz. FS-ISAC is a member-owned nonprofit and private financial sector initiative whose primary function is to share physical and cybersecurity threat information to enhance the ability of the financial services sector to prepare for, respond to and mitigate the risks associated with these threats.

"With the majority of banking being conducted online today, cybercriminals are increasingly exploiting financial institutions to carry out their schemes," said Anhoury. "To curb threats such as credit application fraud, account takeover and identity theft, it is essential that banks take a layered approach to protecting themselves and their customers. I'm excited to discuss how iovation's shared global device intelligence is being used to identify fraud across multiple customer touch points in a quiet, safe and frictionless manner."

The Solutions Showcase is a technology presentation where the latest technical innovations in cyber-awareness, proactive security and defense will be on display. Anhoury will present in the Solutions Showcase on November 21, 2013, at 4:00pm MST. Representatives from iovation will be on hand at the FS-ISAC Fall Summit in booth 12.

About iovation
iovation protects online businesses and their end users against fraud and abuse through a combination of advanced device identification, shared device reputation and real-time risk evaluation. More than 2,300 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of 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 containing 15 million reports of fraud and it is used to protect more than 10 million transactions per day, stopping 200,000 fraudulent activities a day. Clients leverage iovation's Fraud Force Community, an exclusive virtual crime-fighting network of the world's foremost security experts, to share intelligence about cybercrime and prevention techniques. For more information, visit www.iovation.com.

Contact Information

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