PRESS RELEASE - Apr 25 - iovation, the Device Reputation Authority protecting online businesses from fraud and abuse, announced that the rate of fraudulent online transactions it stopped in Europe is 60% greater today than a year ago. The rate of fraudulent transactions originating from Europe jumped from 1.3% from January to March 2011 to 2.1% from January to March 2012 and showed upward movement every quarter in between. The top three European countries for online fraud over the last year were Romania, Lithuania and Croatia according to iovation. From April 2011 to April 2012, iovation stopped 15M fraudulent online transactions in Europe.
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