SOURCE: iovation

iovation

March 07, 2016 13:32 ET

iovation Service Named Best Multi-Factor Authentication Solution

Cyber Defense Magazine Awards iovation the Editor's Choice Award for Its Passwordless Security Solution for Consumer-Facing Websites

PORTLAND, OR--(Marketwired - Mar 7, 2016) - iovation, the provider of device intelligence for authentication and fraud prevention, has received the "Editor's Choice for Multi-Factor Authentication Solutions" in Cyber Defense Magazine's 2016 InfoSec Awards. A panel of independent information security experts selected iovation's Customer Authentication service, which verifies a user's identity using the unique attributes of their devices, for the award. Cyber Defense Magazine is a leading electronic information security magazine and media partner of the RSA® Conference 2016.

"While it's crucial to keep online accounts secure, it's also essential to balance security measures with the customer experience. Reducing or even eliminating the need for passwords for certain online activities accomplishes both of these goals," said Scott Olson, vice president of product at iovation. "This award is a testament to our belief that device-based authentication is the best approach to keep online accounts secure while at the same accelerating commerce."

iovation's device authentication service eliminates friction by allowing consumers with "known good devices" to bypass some passwords and immediately access low-risk but confidential sections of their online accounts -- like account balances, payment records and activity histories. If necessary the service triggers stronger "step-up" authentications, like one-time or SMS passwords, for higher-risk actions like user and account changes or money transfers. It leverages iovation's global intelligence about the behavior of more than three billion known devices to provide instant risk-based, real-time checks against devices attempting to access new areas of a site.

"We're thrilled to recognize next-generation innovation in the information security marketplace and that's why iovation has earned this award from Cyber Defense Magazine. Some of the best INFOSEC defenses come from these kinds of forward thinking players who think outside of the box," said Pierluigi Paganini, Editor-in-Chief, Cyber Defense Magazine.

Cyber Defense Magazine recognized iovation and other winners during a ceremony at the RSA Conference 2016 held in San Francisco, California.

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 3,500 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 15 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

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