Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


01:26 PM
Dark Reading
Dark Reading
Products and Releases

European Online Fraud Increases 60%

iovation also announces launch of European data center

PORTLAND, Ore. – April 25, 2012 – iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse, today announced that the rate of fraudulent online transactions it stopped in Europe is 60 percent greater today than a year ago. The rate of fraudulent transactions originating from Europe jumped from 1.3 percent from January to March 2011 to 2.1 percent from January to March 2012 and showed upward movement every quarter in between. The top three European countries for online fraud over the last year were Romania, Lithuania and Croatia according to iovation. From April 2011 to April 2012, iovation stopped about 15 million fraudulent online transactions in Europe. To keep pace with demand from European businesses combating this growth in fraud, iovation also announced today that it has launched its new European data center.

“Since 43 percent of iovation’s business is international, with Europe leading the way, it is imperative that we do everything possible to ensure our growing overseas customer base has immediate, actionable information to stop fraudulent transactions as quickly as possible,” said Scott Waddell, Vice President of Technology at iovation. “With this state of the art data center, our European customers can harness iovation’s fraud fighting power with speed and precision that is unmatched in the industry.”

The European data center is located in Amsterdam. It is leveraged to serve content for iovation customers using iovation’s ReputationManager 360 solution, which has the unique capability of deciding what is and isn’t a trustworthy online transaction through its patented device reputation capabilities. By exposing the reputation and hidden relationships of mobile phones, tablets and computers, iovation helps businesses know who to trust online.

Although the European data center can be used to serve content to users worldwide, it will principally service iovation customers in Europe and Africa. By being located geographically closer to these customer locations, performance is optimized, enabling customers to leverage iovation for more end-user touch points with lower latency and greater precision.

There are three main technological advantages to having a European data center:

1. Optimized load times for European sites

2. Additional redundancy and geographic distribution of iovation’s DevicePrint® recognition technology

3. Enhanced performance of iovation’s Real IP™ proxy unmasking feature for European customers

“European e-commerce continues to experience robust growth as more consumers adopt online purchasing of goods and services,” said David Fish, Senior Analyst in Mercator Advisory Group’s Fraud, Risk & Analytics research service. “With Europe’s migration to EMV (Europay, MasterCard and Visa) chip cards, fraudsters are also focusing more on e-commerce and other card-not-present channels to make fraudulent purchases. iovation’s new data center is strategically located as these market dynamics evolve.”

For more information about the European data center, go to http://blog.iovation.com/2012/04/24/iovation-launches-amsterdam-data-center/.

About iovation iovation protects online businesses and their end users against fraud and abuse through our industry-leading combination of shared device reputation and real-time risk evaluation. 2,000 fraud managers around the globe leverage iovation’s database of Internet devices and relationships between them to determine the level of risk associated with any type of online transaction. Retail, financial services, social network, gaming and other companies make real-time queries to iovation’s knowledge base of 900 million devices from every country in the world. Every day, iovation stops over 150,000 fraud attempts. For more information, visit www.iovation.com.

Comment  | 
Print  | 
More Insights
Newest First  |  Oldest First  |  Threaded View
US Formally Attributes SolarWinds Attack to Russian Intelligence Agency
Jai Vijayan, Contributing Writer,  4/15/2021
Dependency Problems Increase for Open Source Components
Robert Lemos, Contributing Writer,  4/14/2021
FBI Operation Remotely Removes Web Shells From Exchange Servers
Kelly Sheridan, Staff Editor, Dark Reading,  4/14/2021
Register for Dark Reading Newsletters
White Papers
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
PUBLISHED: 2021-04-20
A vulnerability of Helpcom could allow an unauthenticated attacker to execute arbitrary command. This vulnerability exists due to insufficient authentication validation.
PUBLISHED: 2021-04-20
vscode-restructuredtext before 146.0.0 contains an incorrect access control vulnerability, where a crafted project folder could execute arbitrary binaries via crafted workspace configuration.
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** The AdTran Personal Phone Manager software is vulnerable to an authenticated stored cross-site scripting (XSS) issues. These issues impact at minimum versions 10.8.1 and below but potentially impact later versions as well since they have not previously been disclosed....
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** The AdTran Personal Phone Manager software is vulnerable to multiple reflected cross-site scripting (XSS) issues. These issues impact at minimum versions 10.8.1 and below but potentially impact later versions as well since they have not previously been disclosed. Only...
PUBLISHED: 2021-04-20
** UNSUPPORTED WHEN ASSIGNED ** AdTran Personal Phone Manager 10.8.1 software is vulnerable to an issue that allows for exfiltration of data over DNS. This could allow for exposed AdTran Personal Phone Manager web servers to be used as DNS redirectors to tunnel arbitrary data over DNS. NOTE: The aff...