TOP STORIES: AUGUST 2009 Ivobank Offers Secure Banking and Cross-Border Money Transfers with iovation Fraud Protection In order to ensure that indemnified funds transferred to merchants were clear of fraud, Ivobank Ltd., an independent bank located in the United Kingdom, partnered with iovation for device-based fraud protection. iovation exposed behavioral patterns and trends from cybercriminal's computers and identified 1,650 fraudulent applications within the first six months. Read the case study. iovation Leads Roundtables on Fraud, Security and Anti-Money Laundering On Wednesday, September 16th, iovation will lead three Fraud, Security and AML Roundtables at the European i-Gaming (EiG) conference in Copenhagen, Denmark. These thirty-minute sessions, led by Rich Orcutt, iovation's head of strategic markets, are focused on combating online fraud and helping i-gaming businesses create a secure and trusted online experience. The roundtables will take place between 4:00 - 5:30 pm CEST within the Bella Center Expo Hall. Largest Credit Card Theft Ever – Over 130 Million Credit Card Numbers Stolen The Associated Press reported that a Miami man and two Russian co-conspirators stole over 130 million credit card numbers in the largest theft of credit information ever. Criminals are becoming increasingly efficient at obtaining and sharing valuable data: namely credit and identity information. Businesses need a way to check for fraud, based on data not as easily compromised as credit and identity information. This is where looking at the device (or computer) is especially valuable. iovation's device reputation service recognizes and re-recognizes a device in order to track its history of fraud and abuse. Now, more than ever, online businesses should give serious consideration to adopting new technologies to keep in step with an ever-evolving online world. Fighting Friendly Fraud With Shared Device Reputation One type of fraud that isn’t often talked about—despite being a huge challenge for online merchants—is friendly fraud. This occurs when an individual makes a purchase online and then denies the purchase with their card company after they have received the goods. The chargeback is processed leaving the merchant ultimately responsible for the purchase. Fraudsters target multiple merchants at once making the ability for those merchants to share fraud information extremely valuable. A worldwide shared database of fraudulent evidence, such as iovation's Device Reputation Authority, alerts merchants to a computer's history of fraud and abuse so they can avoid that first hit. Upcoming Events GDC Austin September 15-18, 2009 Austin, TX European i-Gaming Congress September 15-17, 2009 Copenhagen, Denmark Internet Dating Conference September 24-25, 2009 London, U.K. International Gaming Expo January 26-28, 2010 London, U.K. See All Events » Frequently Asked Questions Get answers to the most commonly asked questions about iovation's device-based fraud management service. Data Sheets ReputationManager - Unlocking the Power of Device Identification Risk Module - Assess the Potential Risk of New Devices Become a Customer Subcribe to the largest global database of device-based fraudulent histories to detect and prevent online fraud and abuse. Resources Subscribe to our Blog RSS feed! iovation Blog Twitter Webinars Videos Copyright 2010 iovation Inc. All rights reserved. 111 SW 5th Avenue, Suite 3200, Portland, Oregon 97204