New Educational Breakfast Session on the Importance of Sharing Information to Curtail Exposure to Online Fraud

    A new hosting an educational breakfast session on the importance of sharing information to curtail exposure to online fraud has been announced recently. It will be held by iovation, the device reputation authority for the Internet, and the leading provider of reputation-based online fraud management, together with the Merchant Risk Council, the retail industry’s premier association for preventing online fraud and promoting secure e-commerce. Here, presenters will explain the importance of collaboration through industry associations like the MRC, and how fraudulent information across industries can now be tracked and stopped before fraudsters exploit multiple Internet merchants.

    The Merchant Risk Council consists of over 7,800 merchants, vendors, financial institutions and law enforcement agencies. Its subscribers share the common goal of protecting and encouraging the thriving online commerce industry by seting up best practices for cyber-fraud prevention. In addition, the MRC works with federal and local law enforcement agencies such as the Federal Bureau of Investigation, Secret Service, the U.S. Department of Justice and the U.S. Postal Inspectors to help catch and prosecute cyber criminals. The Board of Directors and Advisors consists of leading industry professionals, solution providers, eCommerce retailers and financial institutions and includes representatives from Adobe, Apple, Best Buy,Costco.com, CompUSA, Debix, Expedia, Discover Network, CyberSource, eFunds, Hewlett-Packard, iovation, Microsoft, Neiman Marcus, Orbitz Worldwide and Sterling Consulting International.

    iovation is the device reputation authority for secure online business, the company brings proven anti-fraud and strong authentication solutions that offer businesses the possibility to protect customers, reduce fraud and meet compliance requirements online. The solution links physical devices (PCs) and online accounts and can facilitate the sharing of device reputations among subscribers. In production environments for more than four years, iovation currently manages the reputation of millions of devices, and protects more than 250 million transactions for customers every year. Visit http://www.iovation.com for more information.

    Online retailers, e-commerce fraud managers, press and analysts are encouraged to attend this free breakfast session. The panel, moderated by Tom Donlea, executive director of the MRC, will include Tim Laudenbach, credit risk manager at Best Buy, Mike O’Connor, fraud operations manager at Obopay Inc., and Jon Karl, co-founder and senior vice president of business development and marketing at iovation.

Time: 7 – 8 a.m.

Date: June 5, 2007

Place: The St. Claire Hotel, San Jose, Calif., Santa Cruz room

To register for the event, visit http://iovation.com/pressroom/events_contact.php.