PORTLAND, OR--(Marketwire - Jan 22, 2013) - iovation, the leading provider of device reputation protection against online fraud and abuse, today announced the inclusion of its ReputationManager 360 solution in the CEB TowerGroup "Enterprise Fraud Management" report. ReputationManager 360 received high marks in the report for its unique device reputation capabilities for fighting fraud, customizable business rules and information sharing across a broad range of industries, as well as iovation's exclusive Fraud Force Community.
"Credit decisions have long been based on the financial reputation of applicants, but the ability to understand the history of the tools that are used to access and establish accounts augments the ability to assess fraud risk at the same time," said CEB TowerGroup research director Jason Malo. "Products including iovation enable financial service providers to improve their risk assessment capabilities at account opening, where they may not have a relationship or history with the applicant or credit request origination point."
"We are excited about iovation's inclusion in this report and honored to be evaluated alongside other leading fraud fighting companies, some of which are iovation partners," said Jon Karl, iovation's Vice President of Corporate Development. "Inclusion validates the benefits of ReputationManager 360 and of advanced device intelligence as a means for financial institutions and other entities to analyze risk in real time."
With ReputationManager 360, iovation evaluates the reputations of more than 1.2 billion devices in its database; everything from laptops, mobile phones or tablets, and gaming consoles to smart TVs. By utilizing iovation's device reputation intelligence gathered across its network of hundreds of customers and thousands of security professionals, financial institutions have the ability to determine whether any device has been or is likely to be a source of fraudulent transactions. This unique iovation capability makes it possible to proactively identify devices that are associated with abuse and stop bad actors before they can strike.
iovation protects online businesses and their end users against fraud and abuse through an industry-leading combination of advanced device identification, shared device reputation and real-time risk evaluation. More than 2,000 fraud managers around the globe leverage iovation's database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation's knowledge base of more than 1.2 billion devices from every country in the world. Clients also leverage iovation's Fraud Force Community, an exclusive virtual crime-fighting network of the world's foremost security experts sharing intelligence about cybercrime and prevention techniques. Every day, iovation stops over 150,000 fraud attempts. For more information, visit www.iovation.com.
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