Financial ServicesCriminals targeting credit issuers and payment providers are all about speed. The faster they convert credit into shipped goods or hide cash in a web of transactions, the harder it is for you to find and get it back. That's why your most effective strategy is to stop them at the front door with a multi-layered approach that includes iovation device reputation.Take Complex Device ID Further: Device Reputation. You've seen the latest FFIEC Guidance, "Supplement to Authentication in an Internet Banking Environment" asking financial institutions to mitigate risk using a variety of processes and technologies employing a multi-layered approach. The leading financial services firms we work with have already been employing defense-in-depth strategies for years.Complex device identification is nothing new. iovation has 8 years of experience with complex device identification that goes far beyond just complex device ID. Complex techniques involve assessing larger sets of attributes and applying pattern recognition algorithms and pattern-learning processes in the identification and re-recognition of any type of Internet-enabled device, old or new -- and that's what iovation can help you with. The issues that IT security leaders wrestle with is making sure that the use of device identification and out of wallet identity verification results in optimal efficacy, and that a balance is achieved with other processes, minimizing friction for the consumer. Taking complex device ID even further, it's device reputation that provides you with insight into how devices are connected to each other, including their past and current behavior, in real time. iovation's Device Reputation service helps minimize:
"As the world's leading e-money network, it is essential that we remain at the forefront of the fight against e-crime and money laundering. iovation ReputationManager 360 helps Ukash spot cyber criminals upfront."
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