Leading Analyst Firm Recognizes Kount as Web Fraud Detection Visionary03-Jul-2012
Kount Inc., a leading provider of fraud prevention technology, announced today that Gartner, Inc. has selected the company as a visionary within its “Magic Quadrant for Web Fraud Detection” published by Avivah Litan on May 29, 2012. Recognized as the world's leading information technology research and advisory company, Gartner thoroughly assessed numerous companies to finalize its web fraud detection quadrant, specifically weighing each candidate on its completeness of vision and ability to execute.
According to the report, “The Visionaries' products are very easy to implement and use, and have achieved very good results in reducing online fraud using SaaS-based models. Most of the vendors in this category serve multiple use cases across sectors. They each have a very good understanding of their markets and the problems they are trying to solve, along with solid strategies that have them set for healthy growth."
Many of the WFD customers that Gartner spoke with reported fraud reduction rates of 80% or more with the various WFD products and services they chose to implement.
“We believe being recognized by Gartner as a Visionary reinforces the comprehensive support Kount delivers to our clients,” said Brad Wiskirchen, CEO, Kount. “We consider this recognition as further testament to Kount’s ability to enable our clients to do more business in more places with less risk.”
Gartner analysts anticipate an escalating need for online fraud protection in the coming year as the need for real-time solutions increases and the “rapid movement and changing nature of hacker attacks have rendered useless the fraud prevention solutions that many companies had in place.” Additional analysis indicates that web fraud detection vendors that aren’t part of larger, more complex organizations will continue to drive market growth and innovation given their distinct focus on battling fraud.
Kount delivers an all-in-one fraud and risk management platform for companies working in card-not-present environments looking to simplify their fraud/risk operations while dramatically improving bottom line results. Kount provides a single, turnkey fraud solution that is easy-to-implement and easy-to-use. Kount’s proprietary technology has reviewed hundreds of millions of transactions and provides maximum protection for some of the world’s best-known brands. Kount’s solution is feature rich and technology proven. For more information about Kount, please visit www.kount.com.
About the Magic Quadrant
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