Anti-fraud technology firm, long among Portland’s fastest growing, acquired by TransUnion
Portland-based anti-fraud technology firm iovation on Friday said it is being acquired by TransUnion, a publicly traded consumer credit reporting agency. Terms of the deal were not disclosed, but iovation said in a blog post that the deal won’t result in any layoffs, relocations or leadership changes for the company.
TransUnion to Acquire Anti-Fraud Startup iovation
Publicly traded credit-reporting company TransUnion LLC has agreed to acquire anti-fraud services provider iovation Inc. Portland, Oregon-based iovation was backed by investors including Epic Capital, Global Founders Capital, Intel Capital and Sapphire Ventures. Terms of the acquisition weren’t disclosed.
TransUnion Announces Agreement to Acquire iovation to Strengthen Fraud and Identity Solutions
Combined capabilities will help customers stay ahead of new and evolving fraud threats.
How Consumer Omnichannel Authentication Benefits Businesses
Consumers want the same authentication experience across all channels without the hassle of remembering passwords, pins, etc. Consumer omnichannel authentication is transforming businesses and providing key benefits, including improved security posture, less technology to manage and happier customers.
The Intersection of Cybersecurity and Fraud Prevention
Cybersecurity and fraud prevention functions need to start working more closely together to share and leverage cross-functional knowledge that can help improve security, says Michael Thelander of iovation.
Sexy but stupid: Biometrics security requires balancing risks
Given the static nature of biometric factors, it may be foolhardy to depend entirely on them for authentication. But doing biometrics "the smart way" by understanding their strengths and weaknesses can pave the way for more secure authentication, says Adam Englander.
Same, Same but Different: How to Ensure Your Fraud and Infosec Teams Are Speaking One Language
While often the result of legacy company structures, keeping fraud and infosec teams separate isn't just an internal problem. With the IT department responsible for information and data in one camp, and the risk and compliance executives dealing with fraud in another, communication breaks down and so, too, does the possibility of an integrated and strategic approach to strengthening security and fraud prevention. But today's threats and risks have grown too complex for these disciplines to work separately any longer.
Casino Journal Unveils the Top 20 Most Innovative Gaming Technology Products Awards Winners
Casino Journal is pleased to announce the results of its Top 20 Most Innovative Gaming Technology Products Awards for 2017.
This Female Founder Helps Businesses Stay Ahead Of Hackers
Molly O’Hearn is in the protection business. She is co-founder and vice president of operations of Iovation, a Portland, Ore., information security firm. Her company sells fraud prevention tools that help businesses protect customers from identity and credit card theft and other hacks, as well as authentication products that help firms verify customers’ identities.
Travel scam or ‘the way things work’?
USA TODAY's Chris Elliott writes about the prevalence of travel fraud and includes guidance from iovation as to what consumers can do to protect themselves from travel scammers: "Airline ticket fraud and fake travel vouchers saw the biggest uptick in the last year, says Dwayne Melancon, a vice president at iovation, a provider of fraud prevention services. The workarounds for those are relatively simple: a healthy dose of skepticism (no, your friend isn't in London and he doesn't need you to wire him $1,000) and enabling two-factor authentication on your email."