Mizuho Bank Selects VASCO Electronic Transaction Signing
OAKBROOK TERRACE, IL and TOKYO, March 17, 2015 - VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management, announced today that Mizuho Bank, Ltd. has introduced VASCO’s DIGIPASS 275 Authenticator with electronic transaction signing to secure their online retail banking services.
Mizuho wanted to be the first to implement electronic signatures in the Japanese retail banking segment. VASCO’s solution secures the bank’s Mizuho Direct online and mobile banking services against fraudulent transactions initiated by hackers. It provides superior protection to stop the latest fraud schemes such as man-in-the-middle and man-in-the-browser attacks. The one-time password (OTP) function in DIGIPASS 275 is used for both authentication at account sign-in and for an electronic signature, such as bank account transfers and payment settlement services.
Mizuho Bank, the core institution of Mizuho Financial Group, is one of Japan’s three major banks. In March 2008, Mizuho Bank initiated a program of security enhancement for their online banking service, Mizuho Direct, using the VASCO DIGIPASS GO6 and VACMAN Controller. This latest upgrade will provide protection against the newest attacks in online banking.
“Since DIGIPASS solutions have been adopted by many domestic banks as well as global banks, DIGIPASS is now considered as the industry-wide standard,” says Mr. Shunji Mori, Project Manager at Mizuho Bank. “We will make efforts to help our customers understand its importance and encourage them to use DIGIPASS for their everyday banking services.”
“Banks around the world are under increasing attack from sophisticated hacking organizations, and banks in Japan are very much aware of the growing threats,” stated Jan Valcke, President and COO of VASCO Data Security. “Mizuho is demonstrating industry leadership by providing their retail banking customer the extra security and convenience of electronic signatures.”
About Mizuho Bank
Mizuho Bank Ltd., known as the largest institution of Mizuho Financial Group, is a leading financial institution with one of the largest customer bases in Japan. Having completed the merger between Mizuho Bank and Mizuho Corporate Bank in July 2013, renewed Mizuho Bank pursues the further development of a global and open financial group based on “One Mizuho” strategies. With 461 domestic branches and 37 overseas branches and relevant offices (as of September 2014), Mizuho Bank provides all individual and corporate customers with an effective and multifaceted range of comprehensive financial services.
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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