NW_20060202_en_HSBC Asia Pacific Rolls Out VASCO’s Digipass Strong Authentication in Various Countries

February 2, 2006

HSBC Hong Kong Rolled Out close to 1 million Digipass units in Less than 6 Months Time; HSBC Starts Using Digipass Strong Authentication in mainland China, Singapore, Indonesia, South Korea, Malaysia, Sri Lanka, Brunei, Thailand, New Zealand and Australia; Continuing Success for VASCO in the APAC Market

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, February 2, 2006 - VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), the global number one vendor of strong user authentication products to the financial sector, today announced that HSBC will use VASCO’s Digipass across the entire Asia Pacific Region for secure Internet Banking. HSBC Hong Kong started using Digipass during Q2 of 2005, and has currently rolled out an impressive 900,000 Digipass GO3 authenticators. HSBC has initiated Digipass use in mainland China, Singapore, Indonesia, South Korea, Malaysia, Sri Lanka, Brunei, Thailand, New Zealand and Australia.

HSBC is using Digipass for retail, commercial, corporate and private banking applications. The World’s Local Bank has placed its trust on two Digipass models: the Digipass GO3, and the Digipass 260. The Digipass GO3 is a lightweight, low cost strong user authentication token, especially designed for the large volume banking market. GO3 is extremely easy to use - with a simple touch of a button, the customer generates a unique one-time password. The Digipass 260 is a very portable, PIN protected device offering One-Time Password and e-signature functionalities.
High-resolution pictures of VASCO’s Digipass product range can be downloaded at www.vasco.com/products.

“We want to congratulate HSBC for their security awareness, their visionary approach of using Digipass across the Asia Pacific region, and the impressive speed of their implementation and roll-out,” said Jan Valcke, VASCO’s President and COO. “The battle against Internet fraud has become a priority for banks worldwide. HSBC proves that end users in the e-banking sphere can be protected in a cost-effective and easy to use way.”



About VASCO: VASCO designs, develops, markets and supports patented user authentication products for the financial world, remote access, e-business and e-commerce. VASCO’s user authentication software is delivered via its Digipass hardware and software security products. With over 20 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 420 international financial institutions and approximately 2,100 blue-chip corporations and governments located in more than 100 countries.

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:
Jochem Binst, +32 2 456 9810, [email protected]