TOP STORIES: AUGUST 2010

eGaming Review Magazine: August Fraud Roundtable, Combating Cybercrime

Managing the threat of online fraud is a tricky business; overly stringent precautionary measures can put players off, while lax security can affect client confidence, particularly where payments are involved. Offering unobtrusive fraud-prevention measures while reassuring the customer is increasingly important as fraudsters come up with new ways to attack gaming sites. iovation’s Greg Pierson and CyberSource’s Dr Akif tell eGaming Review about the latest developments in fraud prevention and how their companies are keeping the bad guys at bay.
iovation Listed in Inc. 5000

iovation has been named to the Inc. 5000 list, an exclusive ranking of the nation's fastest-growing private companies. Inc. Magazine ranked iovation number 1662 on its annual list, number 38 within private security companies, and number 14 within the Portland, OR metro area. The Inc. 5000 list represents the most important segment of the economy—America’s independent-minded entrepreneurs. Read the press release.
Exposing Device History Reduces ‘Friendly Fraud’ Rates

According to the E-Commerce Times article, Friend and Foe? Combating e-Commerce Friendly Fraud, financial cybercrime against card-not-present (CNP) retailers can take many forms. While MasterCard says 70% of all e-commerce chargebacks are identified as fraud, more and more cardholders are committing friendly fraud due to buyers’ remorse or financial hardships. Although merchants are doing everything they can to reduce refund rates – from conducting operational assessments, marketing data analysis, and adopting a payer authentication program – they still don’t have the information needed to proactively prevent friendly fraud. See how iovation enables businesses to proactively identify computers that have a habit of committing friendly chargebacks in this blog.
Device Reputation Authority Provides Key Advantages in iovation Business Rules and Risk Scores

When it comes to managing risk for online transactions, we are asked often how our approach compares to other commercial solutions. Establishing business rules and risk scoring in combination with device reputation ranks high among topics of interest. Most device-based risk scores, including those offered by iovation, incorporate common risk elements such as velocity-based rules and transaction anomalies. What sets iovation apart is the information contained in the Device Reputation Authority with over 350 million device reputations queried more than 5 million times a day. The information in the DRA allows us to further assess transaction risk for our customers by looking at global account associations, factual evidence of fraud and device profiling. Learn more in this blog post.

Upcoming Events

MRC Europe
September 1-3, 2010
Amsterdam, NL

Internet Dating Conference
September 16-17, 2010
Paris, France

GDC Online
October 5-8, 2010
Austin, TX

European i-Gaming Expo
October 19-20, 2010
Copenhagen, DK

See All Events »

Customer Quotes

"Saving us $4M a year"
"Reduced our fraud by 95%"
“Saved £25,000 on the first day”
"From a 4:1 ROI to a 10:1 ROI"
“Reviews went from 8-9 hours to 3 hours a day”
“Found 1,000 fraud accounts on day one”

New Collateral Library

Check out iovation's new Collateral Library featuring the latest datasheets, case studies, white papers, articles, and reports on fraud prevention.
Resources