At iovation, our mission is to make the Internet a safer place to interact and do business. We do this in an extremely unique way. We protect online businesses from all types of fraud and abuse and we do that while protecting the identity and privacy of consumers. We stop over 100,000 online fraudulent activities every single day.
Most companies trying to help companies fight fraud and abuse, do so by looking at identity information or on financial data by whoever is sitting behind the keyboard or holding the computer, tablet or mobile phone. Our approach is completely different. We are not focusing on or even looking at the identity information or financial data that is provided by the end user. What we focus on is the physical device that the consumer is using to connect to the online business.
We are a software-as-a service solution that exposes the reputation of that device the consumer is holding. The bottom line being: is that device good or is that device bad. We manage reputations for more than 420 million unique devices that have touched our customers over the years from all over the world. We understand how they are related to one another and we understand based on their use over time, what’s good and what’s bad.
When a business reaches out to us because a consumer is trying to buy something from them, set up a new account, or however they are interacting with that online business, we can tell them in a fraction of a second whether or not they should proceed, or if there is any risk in that interaction. That’s what we do.
We have more than 300 web properties that use iovation ReputationManager 360 and 2000 fraud analysts around the globe that interact with our system every day, to manage whatever kind of fraud and abuse they are dealing with.