Interview with Greg Pierson, Iovation CEO
Wednesday, November 5th, 2008
Scam comes in various shapes and forms - from luring victims to voluntarily part with the money to outright credit card fraud. We all heard stories about scammers infiltrating security, defrauding customers and hurting business reputation. Here is one high tech solution for reducing online abuse.
Headquartered in Portland, Oregon, Iovation is geared to fight online fraud in many industries, including Dating. It performs more than three million daily fraud checks for its customers. Greg Pierson, founder and CEO of Iovation, explains the technology and shares his vision in this exclusive interview for readers of the Dating Ad Network blog:
Q: How your technology helps fighting scam and fraud in the dating business?
A: iovation pioneered the use of device reputation for managing online fraud and abuse for Internet dating sites and social communities. Our patented fraud management technology focuses on the reputations of physical Internet devices to help online dating sites gain a deeper understanding of the computers used by their members to create new identities and accounts. iovation’s real-time ReputationManager device reputation service identifies computers and accounts that have a history of fraudulent and abusive behavior, and exposes hidden associations between devices and accounts within a given network.
The service is built on iovation’s Device Reputation Authority database, which is the world’s only shared device reputation network that manages the reputations of over 80 million unique computers and mobile devices worldwide. Our online dating customers share this information to recognize or re-recognize devices connecting to their network and allows them to immediately act on a device if it has been associated with any type of fraud or abuse that is important to them such as email spam, predatory behavior, financial fraud and chat abuse. In helping online communities expose fraudulent devices trying to gain access into their online dating environments, we bring additional value that goes beyond an insurance solution and encompasses a real return on investment that is not only about stopping fraud and abuse, but also about reducing operational costs and increasing revenue through more precise online risk management.