OAKBROOK TERRACE, Ill., and
ZURICH, Nov. 20, 2012 /PRNewswire/ -- VASCO Data Security
Inc. (Nasdaq: VDSI), a leading software security company
specializing in authentication products, and Trusteer, the leader
in endpoint cybercrime prevention solutions that protect
organizations against financial fraud and data breaches, today
announced a partnership to secure online transactions, applications
and access to sensitive information. With this agreement, Trusteer
and VASCO unite their efforts against fraudulent attempts, each by
securing a critical part of the transaction process.
VASCO's software solutions are used to authenticate users of
identities and financial transactions. VASCO authentication
significantly increases security for online access to web
applications in a convenient way. Fraud attempts, such as
Man-in-the-Middle attacks and phishing, have become an increasing
concern to many applications and VASCO has focused its efforts to
provide solutions against such attacks.
Trusteer Rapport protects endpoints, running VASCO DIGIPASS
authentication, from malware and phishing attacks designed to steal
users' access credentials. Once installed, Trusteer Rapport removes
existing financial malware from end-user machines and prevents
future infections by stopping attempts to exploit browser
vulnerabilities and install malware on the endpoint. It blocks key
logging and screen capturing used by malware to steal login
credentials from online banking web pages. Trusteer ensures that
the device, running VASCO DIGIPASS, and the browser are not
compromised by malware while VASCO elevates the level of
authentication to prevent account takeover attacks.
The combined solution of VASCO's DIGIPASS software with
Trusteer's Rapport ensures convenient and banking level security to
online applications. The solution is ideal for consumer
applications that are accessing sensitive information. With the
increase of fraudulent activity, the combination represents a major
step in the evolution of consumer security.
"Our partnership with Trusteer is a good example of VASCO's
continuing evolution into secure software and services to meet the
needs of the consumer," says Jan
Valcke, President and COO of VASCO Data Security. "Our
software DIGIPASS was an answer to the market's need to create an
easy-to-use, secure authentication system. By partnering with
Trusteer, we are able to enhance this process by protecting against
the growing concern of malware."
"Advanced malware is able to bypass all forms of authentication
solutions. Even when using a strong authentication system, if the
endpoint is infected with malware any application that is accessed,
including online banking, enterprise applications, etc., is at
risk," said Yaron Dycian, Vice President of Products for Trusteer.
"Our partnership with VASCO provides end-to-end security that
secures the authentication mechanism from tampering by malware and
blocks any attempts to compromise online banking, enterprise and
cloud application sessions."
About Trusteer
Boston-based Trusteer is the
leading provider of endpoint cybercrime prevention solutions that
protect organizations against financial fraud and data breaches.
Hundreds of organizations and millions of end users rely on
Trusteer to protect their computers and mobile devices from online
threats that are invisible to legacy security solutions. Trusteer's
Cybercrime Prevention Architecture combines multi-layer security
software with real-time threat intelligence to achieve sustainable
protection against malware and phishing attacks and meet regulatory
compliance requirements. Global organizations such as HSBC,
Santander,The Royal Bank of Scotland, SunTrust and Fifth Third use
Trusteer's solutions and leading online banking providers such as
First Data, FIS, Harland Financial Solutions, Intuit and S1
integrate with Trusteer to provide world-class protection for
financial institutions of all sizes. www.trusteer.com.
About VASCO
VASCO is a leading supplier of strong authentication and
e-signature solutions and services specializing in Internet
Security applications and transactions. VASCO has positioned itself
as a global software company for Internet Security serving a
customer base of approximately 10,000 companies in more than 100
countries, including over 1,700 international financial
institutions. VASCO's prime markets are the financial sector,
enterprise security, e-commerce and e-government.
Forward Looking Statements:
Statements made in this news release that relate to future
plans, events or performances are forward-looking statements. These
forward-looking statements (1) are identified by use of terms and
phrases such as "expect", "believe", "will", "anticipate",
"emerging", "intend", "plan", "could", "may", "estimate", "should",
"objective" and "goal", "possible", "potential", and similar words
and expressions, but such words and phrases are not the exclusive
means of identifying them, and (2) are subject to risks and
uncertainties and represent our present expectations or beliefs
concerning future events. VASCO cautions that the forward-looking
statements are qualified by important factors that could cause
actual results to differ materially from those in the
forward-looking statements. These risks, uncertainties and other
factors have been described in greater detail in the Annual Report
on Form 10-K for the fiscal year ended December 31, 2011 filed with the Securities and
Exchange Commission and include, but are not limited to, (a) risks
of general market conditions, including currency fluctuations and
the uncertainties in world economic and financial markets, (b)
risks inherent to the computer and network security industry,
including rapidly changing technology, evolving industry standards,
increasing numbers of patent infringement claims, changes in
customer requirements, price competitive bidding, and changing
government regulations, and (c) risks specific to VASCO, including,
demand for our products and services, competition from more
established firms and others, pressures on price levels and our
historical dependence on relatively few products, certain suppliers
and certain key customers. Reference is made to VASCO's public
filings with the U.S. Securities and Exchange Commission for
further information regarding VASCO and its operations.
This document may contain trademarks of VASCO Data Security
International, Inc. and its subsidiaries, including VASCO, the
VASCO "V" design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.
For more information, contact Jochem
Binst, +32 2 609 97 00, jbinst@vasco.com.
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SOURCE VASCO Data Security International, Inc.