Caesars Entertainment Ups Game Against Cyber-Hacking Attacks with VASCO Multifactor Authentication Security
OAKBROOK TERRACE, IL and LAS VEGAS, May 5, 2015 - VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, digital signatures, and identity management, announced today that Caesars Entertainment Corporation (NASDAQ: CZR), the world's most diversified casino-entertainment provider, has implemented VASCO’s DIGIPASS for Mobile software-based strong authentication solution.
The recently-released 2015 Verizon Data Breach Investigations Report identified that 95% of Web App attacks make use of stolen credentials, such as a stolen user name and password. By implementing stronger authentication methods, companies can significantly reduce the chances that hackers will succeed at a data breach.
“Recent high-profile security breaches highlight the growing ineffectiveness of static passwords as a means of validating that users are who they say they are and guarding access to corporate resources,” said Garrett Bekker, Senior Analyst at 451 Research. “By delivering strong authentication in a form factor that most users are already comfortable with – their phone – VASCO’s DIGIPASS for Mobile can provide enterprise customers with a simple and cost-effective way to increase the security of their critical assets.”
DIGIPASS for Mobile is a software-based two-factor authentication solution that delivers strong protection against threats and data loss as well as frictionless authentication for users. With DIGIPASS for Mobile, a user’s mobile phone serves as their secure authentication device. DIGIPASS for Mobile supports innovative authentication options including QR Code Scanning and Transparent OTP, and enables multi-device support so that a user can use any pre-registered device for authentication.
“We wanted to enhance our network security while still keeping the convenience of our corporate users near the top of our requirements,” said William Worthington, CISO of Caesars Entertainment. “Having a mobile solution makes it simple for employees to comply with a much higher standard of security.”
“You see headlines everyday about the latest victims of hacking attacks,” stated Benjamin Wyrick, Vice President of Sales North America for VASCO Data Security. “It is smart business to take simple steps that provide extra protection but still maintain convenience for end users.”
About Caesars Entertainment
Caesars Entertainment Corporation (CEC) is the most geographically diverse U.S. casino-entertainment company. Since its beginning in Reno, Nevada, 77 years ago, CEC has grown through development of new resorts, expansions and acquisitions and its portfolio of subsidiaries now operate 50 casinos in 13 U.S. states and five countries. The Company's resorts operate primarily under the Caesars®, Harrah's® and Horseshoe® brand names. CEC's portfolio also includes the London Clubs International family of casinos. CEC is focused on building loyalty and value with its guests through a unique combination of great service, excellent products, unsurpassed distribution, operational excellence and technology leadership. The Company is committed to environmental sustainability and energy conservation and recognizes the importance of being a responsible steward of the environment. For more information, please visit www.caesars.com.
VASCO is a 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.
For more information:
VASCO Corporate Communications
+1-847-370-1486 (US) or +32 2 609 97 00 (ROW)
VASCO® and DIGIPASS® are registered or unregistered trademarks of VASCO Data Security, Inc. and/or VASCO Data Security International GmbH in the U.S. and other countries