news_VASCO Data Security protects online application vendors against license fraud
OAKBROOK TERRACE, Illinois and ZURICH, Switzerland – April 28, 2009 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, launches DIGIPASS® License Protection. DIGIPASS License Protection offers a solution for online application or Software as a Service (SaaS) vendors who are confronted with password or account sharing of their licensed solutions. DIGIPASS License Protection not only protects vendors from license fraud, it also protects the users of the online application from fraud through phishing, key loggers or man-in-the-middle attacks.
More and more business sectors look at the Internet to offer their goods. Computer users both in a leisure or business environment are increasingly using these online applications. Newspaper subscriptions, CRM, HRM, ERP, e-learning services, legal, marketing and real estate services, online gaming and gambling are more often consumed online. These services are not always free of charge; users often require a license to make use of the service. This results in companies buying a limited number of licenses and employees exchanging static passwords for the use of the licensed applications. These practices can impact the revenue stream and profitability of online application vendors.
With DIGIPASS License Protection online application vendors can protect themselves against the sharing of passwords, known as license fraud. DIGIPASS® authentication links one user to one license. This way the vendor can ensure himself that only licensed users gain access to accounts that they are licensed for. Additionally the vendor can protect his revenue stream while differentiating himself from the competition: he is offering a solution which complies with the growing regulatory obligations for online security and he is protecting his end-users from online transaction fraud or data theft.
DIGIPASS License Protection builds upon VASCO’s proven DIGIPASS and VACMAN technology. With DIGIPASS License Protection, the application vendor implements VASCO’s IDENTIKEY® server or VACMAN® Controller for the management of the user authentication. Once the back-end authentication software is installed, the vendor will provision a hardware or software-based DIGIPASS to every licensed user. VASCO also offers DIGIPASS® API for the native embedding of the license mechanism into the vendor’s client application. Licensed users will register their DIGIPASS and their machines online. As of then they will use their DIGIPASS every time they log on to the application. The DIGIPASS generates a dynamic password protecting the users from online attacks.
“Online applications have established themselves in today’s business environments. With their increased popularity come a number of threats: licences are being shared by multiple users, resulting in revenue loss for vendors and data online is the target of hackers resulting in data theft and transaction fraud. VASCO has a longstanding experience in protecting transactions in online banking. With DIGIPASS License Protection we make our expertise available to other online solutions.”, says Jan Valcke, COO and President at VASCO Data Security.
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 global software company for Internet Security serving a customer base of approximately 8,000 companies in more than 100 countries, including more than 1,200 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,” “intend,” “mean,” 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.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, which include VASCO, the VASCO “V” design, DIGIPASS, VACMAN, aXs GUARD and IDENTIKEY.
For more information contact:
Jochem Binst, +32 2 609 97 00, [email protected]