PORTLAND, OR--(Marketwired - May 20, 2013) - iovation, protecting business across the globe from Internet fraud and identifying good online customers with its device reputation technology, today announced that its Chief Financial Officer, Doug Shafer, has been named CFO of the year by the Portland Business Journal. Shafer was recognized for iovation's company performance as well as community involvement over the past year. The award is given each year to professionals in Oregon and Southwest Washington who have excelled in their roles as financial executives.
"This recognition is an honor personally, but even more importantly it is further proof that iovation's device reputation technology is providing value to our partnering companies in identifying fraud and helping validate their good customers," said Shafer. "It's an exciting time here at iovation where we are experiencing growth at a record pace."
Shafer has been iovation's CFO since 2008 and has had a tremendous impact on the company's recent revenue and employee growth. More than just a typical CFO, Shafer concentrates on strategically identifying areas for revenue growth and aligning those decisions with the company's ability to scale the organization. Prior to iovation, Shafer served in executive roles at high-profile companies including Tektronix and Unicru. Shafer also devotes time to a number of non-profits including the United Way and SMART.
The Portland Business Journal honored Shafer in a ceremony held at the Governor Hotel in Portland, Oregon on May 16.
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, insurance, social network, gaming and other companies make real-time queries to iovation's knowledge base of more than 1.3 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 more than 150,000 fraud attempts. For more information, visit www.iovation.com.