iovation ReputationManager 360 Acknowledged as Sophisticated Device Recognition Service Offering Extraordinary Results
PORTLAND, Ore. – July 12, 2011 – iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, today announced that the Golden Bridge Awards has named iovation ReputationManager 360 a finalist for the 3rd Annual 2011 Golden Bridge Awards in the category of Best Security Software or Service.
The Golden Bridge Awards program encompasses the world’s best in organizational performance, products and services, executives and management teams, innovations, case studies, product management, public relations, marketing and customer satisfaction programs from every major industry in the world. Winners will be honored in New York City on Wednesday, August 10, 2011 during the 3rd annual dinner and presentations.
iovation protects hundreds of the world’s leading brands against fraud and abuse, including clients in financial services, gaming, online communities, retail and travel. Results from iovation’s fraud protection service, ReputationManager 360, are impressive, including the following benefits which were reported directly by iovation customers:
- Saved $4 million a year
- Reduced fraud by 95%
- Saved £25,000 on the first day
- Found 1,000 fraudulent accounts on day one
- Reduced manual reviews from 8-9 hours a day to 3 hours a day
- Identified 43,000 fraudulent online credit applications
- Moved from providing a 4:1 ROI to a 10:1 ROI
“It’s an honor to be named a finalist by Golden Bridge Awards for Best Security Service,” said Scott Waddell, Vice President of Technology at iovation. “With over seven years of advanced device identification leadership under our belt, we’re proud to be acknowledged for taking device recognition much further than anyone else, by providing our clients with an actual ‘device reputation’ so that they understand in real time how devices are connected to each other, including past and current behavior to detect fraud upfront.”
About the Golden Bridge Awards
Golden Bridge Awards are an annual industry and peers recognition program honoring Best Companies of all types and sizes in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best Products, Innovations, Management and Teams, Women in Business and the Professions, and PR and Marketing Campaigns from all over the world. Learn more about The Golden Bridge Awards at www.goldenbridgeawards.com.
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.