Organizations will be able to react in real time to devices that we know have caused a problem for them, or some other
iovation customer, as well as, flagging new account set ups or logins or other interactions on their site that we suspect for a number of different reasons from indirect relationships to problems.
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.
For
iovation customers in the Online Social Networking sector, devices coming from Belgium had the highest % of denied transactions at 15 %.
Not exact matches
The company also creates a database of suspect devices gleaned from each of its
customers which is then shared among all of
Iovation's
customers.
BUSINESS WIRE — June 10 —
iovation, the device reputation authority for the Internet, has helped
customers stop more than a million online fraudulent and abusive activities in the first half of 2008.
Since inception,
iovation has performed 2.7 billion reputation checks on behalf of
customers, processing nearly double in 2009 over 2008, and actively stopping more than 30,000 fraudulent activities per day on the Internet.
Despite the setbacks,
iovation did have some solid financials last year with number of
customers up 160 % and transaction volume up 150 %.
Now
customers can not only act on the reputations for devices known by the
iovation network, they can also receive risk scores for new devices that match the profiles and behaviors of devices associated with fraud and abuse.
IOVATION - July 30 -
iovation is stopping Internet fraud and identifying good online
customers with their device reputation database.
Using patented device - based technology,
iovation's ReputationManagerTM service allows Mobeze to screen Internet - based devices at any point of
customer interaction, from registration to sign - on, while protecting the identity and privacy of their
customers.
Before
iovation, the primary way in which Mate1 made connections between millions of
customer accounts was by looking at email addresses, names, photographs, or physical addresses, which is extremely time consuming.
Iovation performs over a billion fraud checks per year for its
customers, 30 % of which come from Internet dating and social networking sites.
Last year alone,
iovation helped online businesses prevent 35M fraud attempts to protect their
customers, corporate reputations and reduce fraud losses.
IOVATION BLOG - Apr 29 - Every day
iovation assesses risk on 7.5 M transactions for their online
customers around the globe.
«Our clients are pouring a lot of effort into education [of online dating
customers] and looking for fraud patterns,»
Iovation's O'Hearn said.
In this case,
iovation defines transactions as any interaction a
customer has with an online dating site such as account registration, activation, login, account management and purchase.