iovation recently surpassed the 80 million mark for device reputations under management. Wow! That’s an increase of 208% percent from 26 million worldwide device reputations we were managing on January 1, 2008. This notable accomplishment is a testament to the hard work and dedication of our staff and wide range of customers who are all working together to combat online fraud and abuse across multiple industries.

As organized fraudsters spread their operations across a spectrum of vertical markets to increase their return on investment, it’s becoming critical for peers and diverse industries to organize their efforts in order to stop more sophisticated forms of online fraud and abuse that are becoming even more difficult to detect. This type of cross-industry collaboration has also increased the overall number of fraud attacks iovation has helped our customers prevent this year by 79%, compared to 2007. And there’s still a month and a half remaining!

The point is, working independently limits an online company’s ability to identify and stop more fraud and abuse. But collaborating with your peers and sharing information gives every fraud manager involved extra ammo in their fight against fraud, as our YTD increases clearly indicate.

As iovation expands our shared device reputation fraud network, our customers continue to reap enormous benefits. Not only are they expanding their individual networks into a shared, global database, but they are benefiting from the tens of thousands of collective resources, tools and experiences of their peers and others across multiple industries.

This entry was posted on Friday, November 14th, 2008 at 2:00 pm and is filed under Online Retail. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.