iovation, TeleSign Offer Phone-Based Authentication as Part of Online Fraud Prevention
April 2, 2012
Online anti-fraud technology providers iovation and TeleSign recently launched a phone-based authentication service combined with a device reputation tool that fights fraud. The companies say the partnership represents the first time phone authentication has been used as part of an anti-fraud solution. iovation’s ReputationManager360 has incorporated TeleSign’s two-factor authentication service so that, in a transaction the software has identified as potentially fraudulent, the company says it sends an automated voice call or SMS to the phone number on record with a one-time PIN code used to verify that the person conducting a transaction matches the user on record.
“The partnership with iovation provides multi-layered intelligent authentication and the ability to verify high-risk transactions,” said Forrest Hobbs, TeleSign’s vice president, sales and marketing. “By pairing up with iovation’s unique device reputation solutions, online businesses can have greater confidence when determining whether or not a transaction is trustworthy.”
The companies say the joint offering provides an additional level of defense against Man-in-the-Browser attacks.