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iovation, the leading provider of device reputation and behavioral insights for fraud detection and consumer authentication, today announced the launch of its Global Partner Program designed to enable all partners to better assist their customers in defending against escalating online threats.
“Our global partners are continually developing and investing in market differentiating product offerings that are a complement to, and often integrated with, our solutions,” said Tom Pak, Executive Vice President of Global Sales for iovation. “But businesses need another layer of defense to stop fraud and improve the consumer experience. At iovation, we value our partner relationships, which is why we invested in the resources to create this formal Global Partner Program.”
The iovation Global Partner Program offers tiered membership levels and associated benefits, including sales enablement solutions, joint marketing opportunities and certification and technical services. Supported by an interactive Partner Portal that provides resources and tools for growth and certification, the program was built to better support partners and reward them based on their commitment to iovation and its customers. The partner tiers include, Elite Partner, Select Partner, and Referral Partner.
“iovation has been a long-term partner with ACI. Their competitive solutions have complemented ACI’s market leading payments and fraud solutions in mission critical deployments across the globe,” said Andreas Suma, Global Leader, Fraud and Data at ACI Worldwide. “In addition to their reliability, our joint partnership with iovation has been anchored in the mutual focus for constant innovation to satisfy our joint customers demands in the rapidly evolving fraud space.”
iovation’s solutions portfolio tackles the heightened threat environment from multiple directions, including through device-based risk detection and consumer authentication services. Highly intelligent business rules, combined with proprietary machine learning algorithms, flag anomalies around hundreds of attributes and obscure risk factors, offering the highest degree of confidence when it comes to stopping fraud and improving customer experience.
Fore more information on iovation, its Global Partner Program and corresponding Partner Portal, visit: https://www.iovation.com/about/partners.
Barokas Public Relations
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.
iovation, the leading provider of device intelligence for authentication and fraud prevention, today announced it was named as a “hot company” in the Multifactor Authentication category of the Cyber Defense Magazine 2018 InfoSec Awards.
The highly competitive Cyber Defense Magazine awards committee consider the contributions of nearly 3,000 InfoSec organizations across the globe to determine its final list of fewer than 200 honorees. iovation was selected as a “hot company” for setting new standards for customization in authentication.
With the constant threat of compromised credentials and brute force hacks, consumer brands need multifactor authentication to secure online accounts. iovation’s approach to authentication provides stronger security to protect both the business and the consumer, while delivering dynamic, frictionless authentication.
“Being recognized as a ‘hot company’ validates iovation’s position as an industry leader pushing the envelope to reshape the authentication landscape for the better,” said Michael Thelander, product marketing manager at iovation. “We already know that customers will abandon a transaction at the drop of a hat if they are exposed to a negative user experience. Our LaunchKey and ClearKey products work together to provide authentication in a way that not only improves security but guarantees superior customer experience.”
Cyber Defense Magazine, a premier source of IT security news and insight for more than 1.2 million decision makers, announced award winners at the 2018 RSA Conference in San Francisco on April 16. To learn more about iovation, visit Booth #1939 at RSA or iovation.com.
About Cyber Defense Magazine
With over 1.2 Million annual readers and growing, Cyber Defense Magazine is the premier source of IT Security information. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products and services in the information technology industry. We deliver electronic magazines every month online for free, and limited print editions exclusively for the RSA conferences and our paid subscribers. Learn more about us at http://www.cyberdefensemagazine.com. CDM is a proud member of the Cyber Defense Media Group.
Barokas Public Relations
iovation, the leading provider of device intelligence for authentication and fraud prevention, today announced it has won a Fortress Cyber Security Award for Threat Detection in the Software and Apps category. iovation was also named a finalist in the “Authentication and Identity” category.
It's increasingly difficult for organizations to stay ahead of the ever-growing threat landscape, said Greg Pierson, CEO, and co-founder for iovation. Our team is dedicated to helping businesses connect the dots between fraud and authentication to secure transactions and improve the customer experience. Being recognized by the cybersecurity community makes this award all the more meaningful. We will continue to lead the way in bringing together fraud and authentication together to protect businesses.”
In its inaugural year, judges from the Business Intelligence Group sought to identify and recognize the world's leading companies and products that are working to keep data and electronic assets safe among a growing threat from hackers.
We are so proud to name iovation as a winner in our inaugural Fortress Cyber Security Awards program, said Maria Jimenez, Chief Nominations Officer, Business Intelligence Group. It was clear to our expert judges that the entire group of 35 innovators and innovations are the tip of the spear helping to prepare, defend and respond to the growing threat of cyber attacks. Congratulations to all!
iovation’s solutions portfolio tackles the ever-evolving threat landscape from both ends: fraud detection and consumer authentication. Once siloed, organizations that converge the two disciplines in their threat prevention efforts often find themselves at an advantage over attempted fraudsters.
About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and
superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization's proprietary and unique scoring system selectively measures performance across multiple business domains and rewards those companies whose achievements stand above those of their peers.
Barokas Public Relations
Business Intelligence Group
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.
– SC Media
CyberEdge Group, a premier research and marketing firm serving the security industry’s top vendors, today announced immediate availability of its fifth annual Cyberthreat Defense Report. New this year, the report found that 55 percent of responding organizations were compromised by ransomware in 2017, down from 61 percent in 2016. However, respondents who were victimized by ransomware and who elected to pay the ransoms (customarily using Bitcoin) were asked if they successfully recovered their compromised data. Surprisingly, only half confirmed successful data recovery, while the other half acknowledged complete data loss.
With 1,200 IT security decision makers and practitioners participating from 17 countries, six continents, and 19 industries, CyberEdge’s Cyberthreat Defense Report is the most comprehensive study of security professionals’ perceptions in the industry. This study provides a 360-degree view of organizations’ security threats, current defenses, and planned investments.
The 2018 Cyberthreat Defense Report yielded dozens of additional insights into the challenges faced by IT security professionals today. Key findings include:
“Got a coin? Flip it to see if you’ll get your data back after paying a ransom associated with ransomware. That’s just plain scary,” said Steve Piper, CEO of CyberEdge Group. “In 2017, 55 percent of our respondents’ organizations were victimized by ransomware. Of those victims that refused to pay the ransom (61 percent), the vast majority (87 percent) recovered their data from backups. This just underscores how important it is to incorporate a sensible data backup strategy as part of an organization’s cyberthreat defense strategy.”
“The 2018 Cyberthreat Defense Report is the result of one of the few independent surveys of security practitioners. While many leading vendors provide their own research of the cybersecurity space, it is important to supplement their findings and conclusions with unbiased research and analysis such as the Cyberthreat Defense Report,” said Richard Stiennon, chief research analyst at IT-Harvest, “The leveling off of the percent of respondents reporting breaches is a good sign, but at 77.2 percent, it is still very high and paints a picture of no end in sight for serious breaches in the coming years. I hope all security teams show this to their senior leadership.”
About the Cyberthreat Defense Report
In November 2017, 1,200 IT security decision makers and practitioners completed a 27-question online survey. Each participant was employed by a commercial or government entity with a minimum of 500 employees. Participants stemmed from 19 industries and 17 countries across six geographic regions, as follows:
Winner of a 2017 Platinum MarCom Award for research excellence, the Cyberthreat Defense Report is designed to complement Verizon’s annual Data Breach Investigations Report, which evaluates the cyberthreat landscape and describes how threats are used to penetrate computer networks. This report assesses organizations' security posture, gauges perceptions about cyberthreats, and ascertains future plans for improving security and reducing risk. It provides deep insights into how IT security professionals perceive cyberthreats and what they’re doing to defend against them.
The 2018 Cyberthreat Defense Report was sponsored by several leading information security vendors, including:
Report Available Now
The 2018 Cyberthreat Defense Report is available now through each of the above sponsors and by connecting to the CyberEdge Group website at http://www.cyber-edge.com/cdr.
About CyberEdge Group
CyberEdge Group is an award-winning research and marketing consulting firm serving the diverse needs of information security vendors and service providers. Headquartered in Annapolis, Maryland with three-dozen consultants based across North America, CyberEdge boasts more than 100 of the security industry’s top vendors as clients. The company’s annual Cyberthreat Defense Report provides information security decision makers and practitioners with practical, unbiased insight into how enterprises and government agencies defend their networks against today’s complex cyberthreat landscape. For more information, visit www.cyberedge.com.
The CyberEdge Group name and logo are trademarks of CyberEdge Group, LLC in the United States and other countries. All other trademarks and service marks are the property of their respective owners.
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.
– The Story Exchange
No Office Walls (NOW), a free counter-fraud networking forum for the insurance industry, today announced that iovation, a leading provider of device intelligence for authentication and fraud prevention, has become the first official sponsor for the No Office Walls forum. As part of the sponsorship package, NOW is using iovation’s ClearKey transparent authentication solution for secure login on its website.
No Office Walls has been set up by Dan Cassell and Cate Wright – Dan was a founder of GoCompare and IT Director and Cate headed up the Fraud department at the comparison site.
NOW will launch in March 2018 and will provide a free, secure communication platform to enable counter-fraud specialists in the industry to discuss and share knowledge, experience, and best practises in real-time.
“We are over the moon that iovation has become our first official sponsor. Given its reputation and success in helping the insurance industry combat fraud, it is a perfect partner for No Office Walls and its support will go a long way to help keep this a free forum for the industry,” said Cate Wright, co-founder of No Office Walls. “Our main goal at NOW is to promote industry collaboration in our collective fight against fraud. Too many insurance firms are working in silos and until we start sharing knowledge and best practice, the fraudsters will continue to have success.”
Molly O’Hearn, VP Operations and co-founder for iovation, said: “The insurance industry in the UK has been targeted by fraud rings that operate with surgical precision in recent years. From ghost brokering and application fraud to identity theft and account takeovers, the industry has woken up to fact that the whole is greater than the sum, and that industry collaboration will be essential for keeping fraud rings in check.
“iovation works with a number of well recognised UK insurance firms to help them not only reduce their exposure to risk, but also improve the experience for their customers via seamless, omni-channel authentication. We are thrilled to support NOW in its mission and look forward to a long and fruitful collaboration with its members.”
NOW is funded by sponsorship of industry service providers and in return provides a unique marketing platform. If you are interested in becoming a sponsor, please contact Cate Wright at firstname.lastname@example.org
About No Office Walls
No Office Walls (NOW) was founded by Cate Wright and Dan Cassell, two long-serving insurance
industry specialists who saw an opportunity for their industry to fight fraud more effectively by
bringing the industry together and improving the daily interaction between all companies fighting
this common enemy. Together they formed NOW to empower fraud professionals by enabling an
inclusive approach; creating industry unity through improved collaboration and communication.
NOW works by inviting Counter Fraud Professionals within the insurance industry to join the NOW
community for free and actively contribute to the tool by sharing challenges and successes,
contributing to discussions and creating content such as blogs. Members will benefit from the
information, knowledge and experience of other contributing community members. The more NOW
community members contribute and the more the tool is utilised by the industry, the greater the
benefit will be to all.
NOW’s unique business model means it is available completely free of charge. NOW is funded by its sponsors who are made up of Industry Service Providers; the companies that offer fraud
prevention/detection products and services to the insurance industry. In return for their
sponsorship, the sponsors advertise their relevant products and services on the platform, extract
trend and market analysis and post surveys and marketing research materials.
Notes to editors:
For more information, contact Kathryn Chadwick or Lynsey Walden at Front Door Communications
on 02920 020360 or email@example.com.
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."
– USA TODAY
Scott Waddell, iovation's CTO writes about the rise of romance fraud based on analysis of transactions from iovation's online dating customers. He writes: "2017 witnessed a two to three times increase in ‘identity mining/phishing attempts’, ‘spam’ and ‘scammers/solicitation’ fraud reports over 2016. But what really jumps out is that last category: “Profile Misrepresentation” which skyrocketed from 21,500 reports in 2016 to 1,650,000 confirmed reports in 2017, representing a total increase of more than 7,500%."
– ITSP Magazine
Analysts have described 2018 as a year of dramatic change for online casinos, and that could have impacts on players directly. And the key trends for the year appear to be a growing use of mobile, as well as a growing lack of tolerance among players for a cumbersome and long-winded logging in and sign up processes. In the report analysts iovation studied 450 million transactions across 100 online gambling operators to draw conclusions.
2018 Gambling Industry Report has been released by iovation, focusing on improving user experience while keeping the next generation of sophisticated fraud rings at bay. The report identifies and explores three key trends driving the iGaming market such as prioritizing the player experience; while limiting fraud and abuse remains a priority for operators and platform providers, they must not do so at the expense of their players’ experience. Technologies like predictive analytics powered by device intelligence and machine learning are helping to proactively identify potential threats at log-in but can also help identify trusted players who could become tomorrow’s VIP players.
– The Paypers
No surprise then that fraud prevention vendor iovation found that online dating transactions, including everything from account profile creation and login to the exchange of information, have a higher chance of being fraudulent when compared to transactions in other industries. Fraudulent profiles are a growing problem for online dating sites in particular as fraudsters use them to either perpetrate romance scams or harvest personal details from targets to either take over their accounts or steal their identity.
– About Fraud
iovation, the leading provider of device intelligence for authentication and fraud prevention, today published its 2018 Gambling Industry Report. This comprehensive industry-focused 25 page report is designed to provide insights and guidance to iGaming operators and platform providers who are seeking new avenues to improve the experience for their most valuable players while keeping the next generation of sophisticated fraud rings at bay. iovation will be making printed color copies of its report available to attendees of the ICE Conference being held in London from February 6-8th at stand #N9-538.
The 2018 Gambling Industry Report from iovation is based on detailed analysis of more than 450 million transactions and aggregated from over 100 gambling operator and platform customers over the course of 2017. The report identifies and explores three key trends driving the iGaming market:
“The iGaming industry is among the most mature of all the industries we serve when it comes to identifying and preventing fraud. However, as detailed in this report, fraudsters will always find the path of least resistance to extract as much value from the most vulnerable targets,” said Eddie Glenn, Product Marketing Manager for iovation. “Analysis of our gambling transactions from 2017 shows that operators must accommodate new player preferences, making their games easily accessible on a variety of device types and platforms. And they must do so without creating unnecessary friction on the path to play.”
Other highlights from the report include:
To download a complementary electronic PDF copy of the 2018 Gambling Industry Report, visit: https://www.iovation.com/resources/reports/2018-iovation-gambling-report.
iovation CTO Scott Waddell looks back on the year that was and looks into his crystal ball for 2018, laying out some resolutions that infosecurity executives should be considering. Read what Scott has to say on two-factor authentication, the converging roles of fraud and infosecurity, and how more consumers will look to their mobile device as their primary means of authentication in 2018 and beyond.
– ITSP Magazine
InfoSecurity Magazine editor Chris Payne reviews "Multi-Factor Authentication for Dummies" co-authored by iovation's Director of Product Marketing, Michael Thelander. Writes Chris "I have been working with authentication solutions of more than ten years and have both led numerous projects multi-authentication projects and written materials such as this for various authentication vendors. The authors of the book have made sure to keep the content of the book highly consumable, even for the most novice of reader, using relatable and easy to understand examples of the concepts in practice."
– InfoSecurity Magazine