Interview: Fighting Insurance Fraud with Device Reputation and Intelligence
Alastair Greener from The Telegraph Studio interviews Tristan Prince of iovation on digital fraud prevention. The insurance industry is plagued by a variety of fraud schemes which are facilitated at different points in the customer life cycle. Whether it is at point of quote, a claim registration, a login to an online policy management account or other interactions, without device forming part ofa layered risk check, fraud may not be detected using traditional prevention tools.
Verisk Insurance Solutions Launches Device Reputation Service
Verisk Insurance Solutions, a source of information about property/casualty insurance risk, and iovation announced the launch of the Verisk Device Reputation Service, a tool to help insurers prevent fraud by exposing the reputation of Internet-enabled devices. The tool uses proprietary iovation technology to help identify devices linked to previous fraudulent activities across a variety of industries.
Portland security firm lands world-renowned information partner
Portland cybersecurity firm iovation is working with consumer information stalwart Equifax to power a new product available in the United Kingdom. iovation, which is led by CEO Greg Pierson, will power the Equifax Device Verifier.
New Service Verifies ‘Smart’ Devices to Reduce Fraudulent Transactions
Equifax has launched Equifax Device Verifier in conjunction with iovation. The service protects against fraudulent activity while ensuring that genuine customers still receive a smooth and efficient service. As device reputation checks are performed in real time, there is no delay in the customer experience for authentic transactions.
Equifax Adopts iovation’s Device Intelligence to Fight Online Fraud
Equifax, a consumer and business insights provider, has launched Equifax Device Verifier in the UK. The service allows businesses to protect themselves against the risk of fraudulent activity when dealing with customers online.vUsing technology from anti-fraud company, iovation, Equifax Device Verifier assesses the risk of fraud associated with any device being used to make online purchases.
iovation Named to GeekWire 200 Ranking
iovation ranked #3 in SaaS companies and #50 on the GeekWire 200. The GeekWire 200 list is a ranked index of Pacific Northwest startups using publicly available data to identify the tech companies most popular and trending among key online communities. The ranking is generated each month from GeekWire’s Startup List, a comprehensive directory of the region’s tech startups.
How Dixons Carphone Knew Smartphone Upgrade Attempts Didn’t Ring True
Hackers posed as customers to get new phones, but using and sharing data kept a fraud ring from wreaking havoc. A recent fraud attack on the United Kingdom-based retailer Dixons Carphone involved a criminal ring targeting online storefronts using hacked accounts. The criminal effort was detected using iovation's risk service, which helped find patterns and commonalities by comparing multiple pieces of data, including IP addresses that didn’t correlate with the customer.
Strategies to Save Big on Tech Costs
How big is your annual technology budget? There’s a good chance you could be saving money. Scott Waddell, CTO of the fraud prevention company iovation, says that it took his company about a year and a half to build the free, open-source stack they transitioned to from an enterprise database system in 2013.
The 2015 PBJ100: Lighthouse Awards — iovation
Portland Business Journal Lighthouse Awards honor local companies who have achieved Private 100 status for five years running. iovation received a Lighthouse award for 2015, highlighting the company's growth and success in it's fight against online fraud.
The PBJ100: Here are Oregon’s Fastest-Growing Companies
The Portland Business Journal's annual Fastest-Growing Private 100 Companies honors privately held businesses that demonstrate the highest revenue growth rate over the last three years. This list includes iovation for the fifth straight year. The threshold to make the top 100 was, at 51.5%, the highest ever.