Fraud Mitigation Service, iovation ReputationManager, Announced as 2010 Award Finalist
PORTLAND, Ore.– March 17, 2010 – iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, has been named a finalist by TechAmerica Oregon for the 2010 Oregon Technology Awards in the category of technology service company of the year. This year's winners will be announced at the Oregon Technology Awards event on May 6, 2010 at the Portland Art Museum in Portland, Ore.
After receiving 70 nominations, TechAmerica Oregon assigned independent committees to review each nomination and select the top three in each of five award categories.
"Each year I am impressed by the quality of nominations that are submitted by Oregon's technology community," said Jennifer Bosze, executive director of TechAmerica Oregon. “With the caliber of technology to choose from, making a decision is never easy."
For over 300 major websites worldwide, iovation exposes cyber criminals by identifying the computers they are using to steal from or harm online businesses. iovation’s shared network maintains the reputation of more than 250 million computers and other internet devices. To date, 2.6 million reports of various types of fraud and abuse are associated with related devices for the benefit of all online businesses using the service. Over the past twelve months, iovation’s reputation service screened over 1.5 billion transactions in real-time to stop both first time and repeat offenders. Each and every day, iovation stops over 30,000 fraudulent activities across a number of online industries including financial services, retail, gaming, dating and social networking.
TechAmerica is the leading voice for the U.S. technology industry, which is the driving force behind productivity growth and jobs creation in the United States and the foundation of the global innovation economy. Representing approximately 1,500 member companies of all sizes from the public and commercial sectors of the economy, it is the industry's largest advocacy organization and is dedicated to helping members' top and bottom lines. TechAmerica was formed by the merger of AeA (formerly the American Electronics Association), the Cyber Security Industry Alliance (CSIA), the Information Technology Association of America (ITAA) and the Government Electronics & Information Technology Association (GEIA). Learn more at www.techamerica.org.
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.