SOURCE: iovation

iovation

October 06, 2015 12:38 ET

iovation Named One of the Most Innovative Technology Companies

Device Intelligence Leader Wins Stevie for Its Unique Approach to Preventing Credit Card Fraud, Account Takeovers and Identity Theft

PORTLAND, OR--(Marketwired - Oct 6, 2015) - iovation, the digital reputation authority, today announced it has been named a silver Stevie® award winner in the "Most Innovative Technology Company" category for the 2015 American Business Awards. The Stevie Awards are the world's premier business award competitions. iovation won the Stevie for its unique approach to fighting fraud through device intelligence.

"We are continuously finding new ways to make our clients more secure and successful through our shared device intelligence platform," said iovation's Vice President of Product, Scott Olson. "Being recognized for our fraud fighting approach by one of the premier business awards is a huge accomplishment. We work hard to beat cyber criminals at their own game. This award acknowledges the power of real-time collaboration to help our clients make the Internet a safer place."

The judges recognized iovation for its newly released device-based authentication service along with advanced search, reporting, and mobile capabilities. Hundreds of online businesses spanning retail, financial services, insurance, gambling, communities, travel, and telecommunications have utilized these iovation solutions to stop fraudulent transactions and reduce customer friction.

Device-Based Authentication
iovation's authentication service verifies whether a customer is using an authorized device -- such as a laptop or mobile phone -- to access an online account. Simultaneous checks are run by iovation to look for risk indicators such as device impersonation, recognition evasion, or behavioral anomalies in order to prevent account takeover. Traditional, high friction multi-factor authentication methods, like entering a PIN sent by text or email, can still be used for authorizing new devices. By using iovation at authentication, clients increase security, decrease friction and reduce operational costs.

Enhanced Search and Reporting
iovation's enhanced search and reporting capabilities enable clients to log into a central location to view iovation's threat indicators alongside their own transactional data, quickly search this data across a broad range of parameters, and then easily report their findings. By combining device intelligence with transaction information such as purchase amount, SKU, email address, phone number, referring URL, and hardware details, this centralized intelligence allows for better pattern and anomaly recognition by fraud analysts, ensuring faster and more effective fraud detection.

Mobile SDK
The company's mobile fraud prevention methods include a mobile SDK that leverages iovation's device intelligence network to determine the trustworthiness of transactions conducted from iOS and Android phones and tablets -- both in-app and through mobile browsers. It does so by analyzing more than 100 mobile device attributes like identifying jailbroken iOS or rooted Android devices, spotting mismatches between IP address and geolocation and more.

The American Business Awards evaluated more than 3,300 nominations from organizations of all sizes in virtually every industry this year for consideration in a wide range of categories. More than 200 executives worldwide served as judges to select this year's Stevie Award winners.

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 billions 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 12 million transactions and stop an average of 250,000 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

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