PORTLAND, Ore. – March 17, 2014 – iovation, stopping Internet fraud and identifying good online customers by leveraging the world’s largest device reputation database, announced it has been included in CIO Review magazine’s “20 Most Promising Risk Management Solution Providers for Capital Market” list. The magazine chose iovation for its unique approach to preventing mobile and online fraud through shared device reputation intelligence and real-time risk evaluation.
“There are many situations where businesses can’t reach out and touch the physical device being used by the consumer because of where they’re positioned in the transaction flow,” iovation’s CEO and Co-Founder, Greg Pierson, told CIO Review. “Our network connects all the customers that use our service into a giant community for sharing their fraud and abuse experience.”
CIO Review highlighted iovation’s industry-leading device reputation services, ReputationManager 360 and TrustScore. In its review, the magazine called out ReputationManager 360’s ability to reduce losses from fraud exposure by identifying fraudulent transactions early in the process and keeping the number of false positives to a minimum. The magazine also identified iovation’s TrustScore service for its ability to highlight good customers, reduce review queues and positively impact operational efficiency.
In order to fight fraud and highlight good customers, iovation monitors the reputation of devices that have been used in more than 12 billion transactions from around the world, uniquely identifying everything from mobile phones, desktops laptops, tablets and gaming consoles to smart TVs. By utilizing the intelligence gathered across iovation’s network of hundreds of customers and thousands of security professionals, businesses can determine in real time whether any device has been, or is likely to be, a source of fraudulent transactions.
iovation, a TransUnion company, was founded with a simple guiding mission: to make the Internet a safer place for people to conduct business. Since 2004, the company has been delivering against that goal, helping brands protect and engage their customers, and keeping them secure in the complex digital world. Armed with the world’s largest and most precise database of reputation insights and cryptographically secure multi-factor authentication methods, iovation safeguards tens of millions of digital transactions each day.