PORTLAND, Ore.--(BUSINESS WIRE)-- iovation, provider of the world’s first device reputation service for preventing online fraud and abuse, announced today that iovation ReputationManager received the 2010 Best Products and Services Award for Internet Security from Network Products Guide, the industry’s leading information technology research and advisory guide. This respected global award honors the products and services that best represent the rapidly changing needs and interests of decision makers and end-users in all areas of information technology.

iovation ReputationManager is a real-time service that helps online businesses - such as financial services, retail, travel, gaming and online communities - understand which online transactions they can trust and which they should not. Every day, iovation stops 30,000 fraudulent transactions cold. An additional 60,000 are flagged for review. iovation checks over 5M transactions each day using a unique combination of factual reports of fraud and abuse and other indicators that correlate to high risk activity.

“Internet security is a serious concern as cyber criminals are sophisticated, organized and technically savvy,” says Rake Narang, editor-in-chief, Network Products Guide. “iovation ReputationManager helps the world’s largest online businesses identify and shut down entire fraud rings attempting to steal from their business.”

“These awards go to the best technology products every year, and we are honored that iovation has been recognized again,” said Greg Pierson, CEO and co-founder of iovation. “We are committed to helping make the Internet a safer place for individuals to conduct business and interact with each other.”

About Network Products Guide Awards

As the industry’s leading technology research and advisory guide, Network Products Guide from Silicon Valley plays a vital role in keeping decision makers and end-users informed of the choices they can make in all areas of information technology. You will discover a wealth of information and tools in this guide, including the best products and services, roadmaps, industry directions, technology advancements and independent product evaluations that facilitate in making the most pertinent technology decisions impacting business and personal goals. The guide follows conscientious research methodologies developed and enhanced by industry experts. To learn more, visit www.networkproductsguide.com.

About iovation

iovation helps companies know which online visitors to trust in order to reduce fraud, abuse, and protect customers and online communities. We apply the world’s largest database of devices used to access the internet (computers and mobile phones) to determine the level of risk associated with any type of online transaction. Retail, financial, social network and gaming companies query iovation’s reputation database of over 300 million devices more than 5 million times each day. iovation delivers instant recommendations through our SaaS services across multiple points of end-user contact. For more information, visit www.iovation.com.

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Source: iovation