Mizuho Bank (Japan) Wins VASCO’s Market Vision Award 2008 for Asia

June 10, 2008

OAKBROOK TERRACE, Illinois and ZURICH, Switzerland - June 10, 2008 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication today announced that leading Japanese Mizuho Bank (www.mizuhobank.co.jp ) has been awarded with VASCO’s Market Vision Award 2008 for Asia.

Mizuho Bank is one of Japan’s largest banks, with an important market share in the retail, corporate and local government segments. Mizuho Bank offers Digipass GO 6 to its customers to secure its “Mizuho Direct” retail Internet banking application.

VASCO’s Market Vision Award consists of a bronze work of art by a renowned Belgian artist, Inge Dewilde. In order to honour the bank’s focus on innovation and its visionary approach of security in an e-banking environment, VASCO will organize an award ceremony at the banking summit in Brussels (Belgium) on June 10.

“We awarded Mizuho Bank because of the bank’s visionary approach of secure online banking,” said Jan Valcke, VASCO’s President and COO. “Mizuho is a leading bank in one of the leading IT-hubs in the world and was the first bank in the region to make Digipass GO 6 available to its entire retail customer base. With this award we honour the efforts of Mizuho Bank to offer their online customers a convenient and accessible way for e-banking.”

About Mizuho Bank
Mizuho Bank, Ltd is a Japanese bank that was established on April 1, 2002 by the merger of the Dai-Ichi Kangyo Bank, Fuji Bank and the Industrial Bank of Japan. It is the core retail banking unit of Mizuho Financial Group, which is one of the largest financial service company in Japan.
Mizuho Bank is the only bank to have branches in all 47 prefectures of Japan. It serves over 25 million individual customers, approximately 100,000 small and medium enterprises with loans, and retail brokerage clients under the name Mizuho Investors Securities nationwide.

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 close to 7,100 companies in more than 100 countries, including more than 1000 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. Any statement containing words such as “believes,” “anticipates,” “plans,” “expects,” and similar words, is forward-looking, and these statements involve risks and uncertainties and are based on current expectations. Consequently, actual results could differ materially from the expectations expressed in these forward-looking statements.

Reference is made to the Company's public filings with the US Securities and Exchange Commission for further information regarding the Company and its operations.

For more information contact:
VASCO: Jochem Binst, +32 2 609 97 00, [email protected]