SOURCE: iovation

iovation

September 16, 2015 03:00 ET

iovation Presents Research on Detecting Organized Identity Theft Rings With Device Intelligence at Wales Fraud Forum

Fraud Prevention Firm Presents Alongside UK Government Officials, Global Private Sector Companies, and Leading Researchers

PORTLAND, OR--(Marketwired - Sep 16, 2015) - iovation, the digital reputation authority, today announced it will outline how to detect criminal syndicates and disrupt their data breaches in a speaking session at the 6th Annual Wales Fraud Forum Conference.

Céline Vallet, iovation's European Client Group Manager, will present "Detecting Organized Fraud Rings with Device Intel" at the conference being held on September 18 at the University of South Wales in Cardiff, Wales. Other speakers at the conference include representatives from global private sector companies, United Kingdom government officials and leading researchers.

"The days of the lone bad guy hiding out in a basement stealing identities are a thing of the past. Stealing identities is big business run by sophisticated cybercrime rings," said Vallet. "With identity theft estimated to be increasing 500 percent every year in the UK, it is essential that we share methods to detect and disrupt these cybercrime organizations."

In the presentation, Vallet will discuss how criminal syndicates use personal information gleaned from data breaches to perpetuate fraud. She will outline how the stolen data enables fraudsters to impersonate individuals, answer knowledge-based authentication questions, access user accounts and/or pull credit reports. To combat these fraud types, attendees of the presentation will learn how:

  • The correlation of activity and transaction velocity can identify fraudulent behavior
  • Tying activity to persistent device identification provides further evidence
  • The sharing of global fraud intelligence to provide insight into transaction risk can help law enforcement identify, investigate and prosecute fraud

iovation's presentation on detecting organized fraud rings will be held at 12:00pm BST.

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 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