JERSEY CITY, N.J., August 28, 2012 — Verisk Crime Analytics announced today that eBay Inc. (Nasdaq:EBAY) has formed a strategic alliance with Verisk’s Law Enforcement Retail Partnership Network (LERPnet2.0) to fight illegal activity, including organized retail crime, counterfeiting, and online auction fraud. Teams from both companies are developing methods to share and leverage data to provide retailers and law enforcement with powerful crime-fighting analytics. Verisk Crime Analytics is a division of Verisk Analytics (Nasdaq:VRSK), a leading source of information about risk.
David Duhaime, vice president of Verisk Crime Analytics, commented, “We’re excited that eBay has chosen to build this relationship with us — helping both current and future participating retailers protect profits by leveraging crime data information shared through our LERPnet2.0 platform. This significant collaboration will further empower retailers and law enforcement professionals across the United States and beyond. ”
“As the world’s largest online marketplace, eBay is committed to working with retailers to prevent loss and reduce shrink. Teaming up with LERPnet2.0 is a key strategy component to illuminate and combat organized retail crime, fraud, and theft, ” said Paul Jones, senior director of Global Asset Protection at eBay. “We’re excited to see this new relationship bring powerful and actionable data to retailers that will help them protect their bottom line. ”
LERPnet2.0 is a secure national database for reporting retail theft and serious incidents that allows retailers to collaborate with each other and law enforcement. Verisk Crime Analytics developed and manages LERPnet2.0. Additional information can be found at www.lerpnet2.com.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading provider of risk assessment solutions to professionals in insurance, healthcare, mortgage, government, and risk management. Using advanced technologies to collect and analyze billions of records, Verisk Analytics draws on vast industry expertise and unique proprietary data sets to provide predictive analytics and decision support solutions in fraud prevention, actuarial science, insurance coverages, fire protection, catastrophe and weather risk, data management, and many other fields. In the United States and around the world, Verisk Analytics helps customers protect people, property, and financial assets. For more information, visit www.verisk.com.
About eBay Inc.
Founded in 1995 in San Jose, Calif., eBay Inc. (Nasdaq:EBAY) is about connecting buyers and sellers. We do so through eBay, the world’s largest online marketplace, which allows users to buy and sell on eBay platforms in nearly every country on earth; through PayPal, which enables individuals and businesses to securely, easily and quickly send and receive online payments; and through GSI Commerce, which facilitates ecommerce, multichannel retailing and digital marketing for global enterprises. We also reach millions through specialized marketplaces such as StubHub, the world’s largest ticket marketplace, and eBay classifieds sites, which together have a presence in more than 1,000 cities around the world. For more information about the company and its global portfolio of online brands, visit www.ebayinc.com.
MWW Group (for Verisk Analytics)
MWW Group (for Verisk Analytics)