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iovation Finds Large Increase In Online Daters Using Mobile Devices»
«The fraudsters posts a profile, usually to attract women,» says Max Anhoury, VP of sales and marketing
at iovation.
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During the first half of 2008, the highest concentration of computers trying to abuse online communities that
use iovation came from Belgium (9 %), Ghana (8 %) and the Philippines (6 %).
For iovation customers in the Online Social Networking sector, devices coming from Belgium had the highest % of denied transactions at 15 %.
How does
iovation help dating companies work together to beat scammers and the like?
BUSINESS WIRE - Jan 26 — Fraud prevention
service iovation successfully protected 4.5 billion financial transactions while thwarting 35 million fraud attempts in 2010.
Or would it be valuable to know that that device has defrauded some other
iovation customer in a way that is something you care about?
As
iovation worked with online dating sites, Wiseman has previous experience of selling fraud solutions to the dating industry.
In comparison,
iovation says 1.24 % of all transactions it monitored across all industries in 2014 were fraudulent.
Last Valentine's Day, 1.26 percent of all online dating transactions were fraudulent, according to fraud prevention
company Iovation, down slightly from 2014.
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So the other value that our customers see is that when a device is associated with a problem they care about that has taken place on some
other iovation customer's site, we can bring that to their attention so they can act in whatever way they feel is appropriate.
Credit and debit card fraud totaled $ 4.5 billion in 2016, according to a report
by iovation, a provider of digital intelligence for fraud prevention.
In Q1 2008,
iovation reported performing more than 100m reputation checks on devices coming from the U.S..
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In 2010, 1.4 % of the online dating site
transactions Iovation processed using its ReputationManager 360 program were found to be fraudulent; that number jumped to 3.8 % in 2011.
iovation raised $ 15 million in growth capital in 2007 and the financial partners we have include Intel Capital, SAP Ventures and European Founders.
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