SOURCE: iovation

iovation

March 25, 2014 08:15 ET

iovation Named a Top 20 Risk Management Solution Provider

Recognized for Stopping Fraud and Highlighting Good Customers with Industry's Most Comprehensive Device Reputation Consortium

PORTLAND, OR--(Marketwired - Mar 25, 2014) - iovation, stopping Internet fraud and identifying good online customers by leveraging the world's largest device reputation database, announced it has been included in CIO Review magazine's "20 Most Promising Risk Management Solution Providers for Capital Market" list. The magazine chose iovation for its unique approach to preventing mobile and online fraud through shared device reputation intelligence and real-time risk evaluation. 

"There are many situations where businesses can't reach out and touch the physical device being used by the consumer because of where they're positioned in the transaction flow," iovation's CEO and Co-Founder, Greg Pierson, told CIO Review. "Our network connects all the customers that use our service into a giant community for sharing their fraud and abuse experience."

CIO Review highlighted iovation's industry-leading device reputation services, ReputationManager 360 and TrustScore. In its review, the magazine called out ReputationManager 360's ability to reduce losses from fraud exposure by identifying fraudulent transactions early in the process and keeping the number of false positives to a minimum. The magazine also identified iovation's TrustScore service for its ability to highlight good customers, reduce review queues and positively impact operational efficiency.

In order to fight fraud and highlight good customers, iovation monitors the reputation of devices that have been used in more than 12 billion transactions from around the world, uniquely identifying everything from mobile phones, desktops laptops, tablets and gaming consoles to smart TVs. By utilizing the intelligence gathered across iovation's network of hundreds of customers and thousands of security professionals, businesses can determine in real time whether any device has been, or is likely to be, a source of fraudulent transactions.

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, used to protect more than 10 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 www.iovation.com.

Contact Information

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