December 18, 2008
iovation and Internet Identity Work Together to Fight Fraud
Complementary Fraud Fighting Solutions Offer Stronger Protection Against Online Crimes and Phishing Scams
PORTLAND, Ore. and TACOMA, Wash. – December 18, 2008 – iovation, the Device Reputation Authority™ for the Internet, today announced a referral partnership with Internet Identity, a pioneering leader in anti-phishing services. Under the partnership, iovation and Internet Identity will offer eCommerce companies online fraud management and anti-phishing solutions that provide stronger protection against all forms of online fraud and phishing scams.
“As the problem of online fraud grows, Internet Identity’s top priority is to provide cost-effective solutions that allow our customers to stop fraud and phishing attacks that directly impact their business revenues and growth,” said Lars Harvey, CEO of Internet Identity. “iovation’s device-based fraud management technology is leading the fight against online fraud and abuse. Together, this partnership offers two key components that further strengthen eCommerce companies’ ability to reduce losses from online fraud and phishing scams.”
Internet Identity’s PowerShark™ Anti-Phishing Response service continuously searches the Internet, spam email, and domain registrations for phishing Web sites that target customer brands and put those companies at risk. With proprietary technology and a live 24x7 analyst team, Internet Identity quickly identifies and deactivates bogus sites to mitigate customers’ risk of receiving phishing emails and unwittingly visiting phishing sites. Internet Identity’s system alerts browsers such as Internet Explorer, anti-spam providers, and other major ISPs of active phishing sites, and in doing so, blocks hundreds of phishing sites and millions of fraudulent emails each day.
Using device identification to create reputations for computers and mobile devices worldwide, iovation’s real-time ReputationManager™ service determines in milliseconds whether an online transaction is coming from a computer that has been associated with fraud or abuse in the past. By sharing the reputations of over 80 million unique devices, iovation helps eCommerce companies prevent fraudulent transactions before they happen and stop groups of bad orders that are associated with a common computer.
This partnership brings additional capabilities and value to customers through proven fraud detection technologies that significantly reduce the financial and business impact of online fraud and phishing attacks, at costs that meet their budgetary needs.
“iovation is excited to partner with Internet Identity, a proven leader in the anti-phishing market,” said Greg Pierson, CEO of iovation. “This partnership allows eCommerce companies to better address the full spectrum of fraud ranging from the theft of identities and credentials to systematic online fraud.”
About Internet Identity
Internet Identity, headquartered in Tacoma, Washington, delivers services that combat Internet criminal tactics. From cutting-edge domain name control systems to the leading rapid-response threat deactivation team, Internet Identity protects many of the Internet’s leading brands from phishing, malware and other malicious attacks. Internet Identity is at the forefront of providing prevention, detection and response services to combat the growing Internet crime problem. For more information, visit www.internetidentity.com.
About iovation
iovation, headquartered in Portland, Oregon, pioneered the use of device reputation for managing online fraud and abusive behavior for a number of vertical markets including the eCommerce and financial services industries. iovation unlocks the power of device identification by sharing the reputations of more than 80 million unique computers and mobile devices worldwide, allowing businesses to reduce more online fraud and abuse while benefiting from sharing device reputation intelligence. Today, iovation performs more than 3 million daily fraud checks for its customers and helps stop over 10,000 fraudulent activities every 24 hours. For more information about iovation and its products, visit www.iovation.com.
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