CST: 30/05/2016 03:45:48   

iovation to Host Fraud Prevention Gambling User Group in London

125 Days ago

Gambling Operators to Share Best Techniques to Authenticate Players, and Prevent Credit Card Fraud and Bonus Abuse

PORTLAND, OR and LONDON, UNITED KINGDOM--(Marketwired - Jan 26, 2016) - iovation, the provider of device intelligence for authentication and fraud prevention, today announced that it is hosting its London Gambling User Group on Feb. 1, 2016. The user group provides a platform for online gambling operators to collaborate in-person, discuss fraud prevention strategies and hear from industry experts about how they can reduce friction for loyal customers. It is being held a day before the London ICE Totally Gaming conference, the world's largest international gambling business event.

"The United Kingdom's $7 billion online gambling industry is rife with ways that cybercriminals are looking to commit fraud, from colluding in money laundering to hijacking trusted accounts," said iovation's Vice President of Product Scott Olson. "It is imperative that operators find ways to reduce fraud while at the same time elevate customer satisfaction."

The iovation London Gambling User Group is available to iovation customers. At the event, iovation's Director of Client Services, Melissa Gaddis, will lead a discussion about calculating a return on investment for anti-fraud solutions. "Understanding the costs included in a ROI calculation, and the importance placed on reduced fraud losses verses increased revenue is very important," says Gaddis. "We'll discuss uplift components including fraudulent accounts identified through device intelligence, transactions prevented from returning abusers, review costs reduced by stopping repeat offenders and technology infrastructure investments minimized with third-party vendors."

Attendees of the user group will also learn:

  • Ways to effectively manage player policy violations
  • How to bridge the gap between payment and know your customer (KYC) departments
  • Methods to protect gambling mobile apps
  • Considerations for preventing arbitrage betting
  • How predictive scoring is used to immediately recognize valued new customers
  • Three methods to improve device recognition
  • Business rules that have been most effective for detecting fraud
  • Ways to participate in iovation's Fraud Force Community to increase knowledge and get immediate feedback about the latest cyberthreats from peers

For details and to register for the London Gambling User Group, go to https://www.iovation.com/news/events/london-user-group.

The ICE Totally Gaming conference runs from Feb. 2-4, 2016 at ExCel London international convention center. iovation will be exhibiting there in stand #N7-538.

About iovation
iovation protects online businesses and their end users against fraud and abuse, and identifies trustworthy customers through a combination of advanced device identification, shared device reputation, device-based authentication and real-time risk evaluation. More than 3,000 fraud managers representing global retail, financial services, insurance, social network, gaming and other companies leverage iovation's database of billions of Internet devices and the relationships between them to determine the level of risk associated with online transactions. The company's device reputation database is the world's largest, used to protect 15 million transactions and stop an average of 250,000 fraudulent activities every day. The world's foremost fraud experts share intelligence, cybercrime tips and online fraud prevention techniques in iovation's Fraud Force Community, an exclusive virtual crime-fighting network. For more information, visit iovation.com.

CONTACTS:
iovation Inc.
Connie Gougler
503-943-6748
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