iovation, a provider of device reputation solutions that protect online businesses from fraud and abuse, announced that in 2010 it has stopped 35 million fraud attempts and has protected 4.5 billion total transactions to date for online businesses.
Financial services, retail, travel, dating, social network and gaming companies make real-time queries to iovation's knowledge base of half a billion devices to prevent fraud loss and protect their customers. Combating online fraud and abuse is no easy task and iovation doesn't do it alone; 2,000 fraud analysts report and share fraud experiences through iovation's database of Internet devices and relationships.
"I am happy to announce that once again, iovation has exceeded our shareholders' expectations for customer retention, new customer acquisition and revenue growth," said Greg Pierson, Founder and CEO of iovation. "I'm equally proud of the positive feedback our team receives from customers who see iovation as a valuable partner in the fight against online fraud and abuse. As great as 2010 was, we have even higher expectations for 2011."
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