Besedo and iovation Provide Increased Security for Online Classifieds, Social Networks and Gaming Sites
Partnership Enables Besedo Clients to Identify Cyber Criminals Working Together through iovation Device Reputation
STOCKHOLM – February 22, 2011 – Besedo, the business and knowledge process outsourcing company providing solutions for Abuse and Fraud management, Moderation of user generated content and Customer communication and retention, today announced a partnership with iovation, the Device Reputation Authority™ protecting online businesses from fraud and abuse by detecting fraudulent devices (computers, mobile phones etc). Besedo will extend iovation’s advanced fraud and abuse prevention services to clients within online classifieds, auctions, social networks, dating sites and iGaming.
Online businesses often experience great opportunities by expanding into new markets, but behind these benefits are also numerous problems with fraud, phishing and forgery. These crimes, including stolen credit cards, selling stolen goods, money laundering, underage user access, copyright violations and spam are just a few of the many experiences already reported and shared by iovation’s 2,000 fraud fighting professionals worldwide every day. Leveraging iovation’s global database of half a billion devices including computers, tablets and mobile phones, will help Besedo clients protect their business by identifying fraud upfront.
Besedo’s clients will identify fraudulent use of accounts with iovation ReputationManager 360 through comprehensive checks including the device’s history, associations with other accounts and devices, geolocation rules, device anomalies and worldwide velocity indicators associated with thieves quickly trying to leverage stolen credentials.
“Through iovation’s device identification, device reputation and real-time risk reporting service, we will be able to stop fraud more effectively for our clients while increasing their customer retention by providing a safe and secure site,” said Besedo VP of Business Development, Jesper Lillieskold.
“We are excited that Besedo will be representing iovation’s anti-fraud services to their auction, classified, gaming and community clients,” said iovation CEO and Founder, Greg Pierson. “Our relationship intelligence used to associate devices and accounts is key to understanding how fraudsters are connected to each other and is an efficient way in shutting down entire fraud rings.”
About iovation
iovation protects online businesses and their end users against fraud and abuse through an 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. Leading retail, financial services, social network, gaming and other companies make real-time queries to iovation’s knowledge base of 500 million devices from every country in the world. Every day, iovation protects more than 7 million transactions and stops over 150,000 fraud attempts. For more information, visit www.iovation.com.
About Besedo
Besedo is an experienced knowledge and business process outsourcing company specialized in the Internet and media market, efficiently providing solutions based on typical needs for leading companies within these industries. Besedo mainly operates within the following fields: Abuse and Fraud Management, Moderation of user generated content and Customer communication and retention.
Besedo is a Swedish Company founded in 2002 and has since then grown into a global organization with offices in Sweden, Malta and Malaysia providing services for online companies in more than 15 different languages processing millions of UGC articles, emails, forum posts and user registrations every month to stop fraud and poor content online. Visit www.besedo.com
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