Bank of Tokyo-Mitsubishi UFJ Selects VASCO to Secure Online Banking Services
OAKBROOK TERRACE, IL and TOKYO, December 10, 2014 - VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, digital signatures, and identity management, announced today that The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) has implemented VASCO’s two-factor authentication solutions to protect retail banking customers accessing the bank’s online banking services.
DIGIPASS for Mobile for smartphones will be deployed as a one-time password (OTP) service to secure the bank’s “Tokyo-Mitsubishi UFJ Direct” retail banking service. VASCO’s VACMAN Controller, a large-scale authentication platform, will provide the verification engine for high volume authentication requests. DIGIPASS authenticators are being offered to customers free of charge.
Japan has seen an increase in criminals attempting to steal banking customers’ user IDs and passwords through phishing attacks and spoofing tactics. “Criminal hacking organizations are increasing their attacks on financial institutions in every region of the world,” stated Jan Valcke, President and COO of VASCO. “Banking customers want the convenience of conducting mobile and online banking transactions, and this requires a higher level of security while still providing a friendly online banking experience.”
Bank of Tokyo-Mitsubishi UFJ is taking additional steps to protect its customers including implementing an awareness campaign to educate customers on ways to protect themselves from hacking attempts. The bank is also providing customers with anti-virus software and is implementing additional security measures, including DIGIPASS for Mobile for smartphone, to strengthen the security of its online banking services.
About The Bank of Tokyo-Mitsubishi UFJ (BTMU)
Mitsubishi UFJ Financial Group (MUFG) is one of the world’s largest and most diversified financial groups with total assets of JPY258.1 trillion as of March 2014. MUFG's services include commercial banking, trust banking, securities, credit cards, consumer finance, asset management, leasing and many more fields of financial services. The group has the largest overseas network of any Japanese bank, comprising offices and subsidiaries, including Union Bank, in more than 40 countries and 500 offices around the world. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) is one of the group's five primary operating companies.
VASCO is the world leader in providing two-factor authentication and digital signature solutions to financial institutions. More than half of the Top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications, and meet regulatory requirements. VASCO also secures access to data and applications in the cloud, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, and protect assets across financial, enterprise, E-commerce, government and healthcare markets. Learn more about VASCO at vasco.com and on Twitter and LinkedIn.
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