US provider of online fraud prevention technology iovation has reached a milestone in online fraud prevention. The company has stopped 50 million fraud attempts through its ReputationManager 360 solution in 2011.

According to iovation, the top 5 countries with the highest percentage of fraudulent transactions in 2011 are Ghana, Nigeria, The Philippines, China and Israel.

iovation has also detected a 400 percent increase in fraud via mobile devices in 2011. Although the mobile devices represent only 4 percent of the overall fraud total, the increase mirrors general growth trends for mobile usage and indicates that stopping fraud will become more challenging.

iovation’s ReputationManager 360 solution tracks more than 800 million devices across a broad range of industries and has protected more than 6.5 billion total online transactions to date.