NW_20020225_en_Swiss Life/Rentenanstalt to use VASCO’s Digipass 300

February 25, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – February 25, 2002 – VASCO (Nasdaq NM & Nasdaq Europe: VDSI; www.vasco.com), a global provider of enterprise-wide security products that support e-business and e-commerce, announced today that the leading Swiss Insurance Company Swiss Life/Rentenanstalt (SWX: RAN; www.swisslife.com ) will use VASCO’s Digipass 300. Swiss Life/Rentenanstalt was established in 1857 and is the market leader with a 28.2% share of the life insurance market in Switzerland. VASCO and Swiss Life entered into this agreement in collaboration with VASCO partner Eracom Technologies Schweiz.

Swiss Life/Rentenanstalt remote workers will use Digipass worldwide for secure remote access to the company’s internal network. In a second phase, Swiss Life/Rentenanstalt will offer Digipass to its customers/brokers in order to allow them to safely conduct transactions by using dial-up connections, VPN connections and Internet connections with the Swiss Life broker portal. In addition to Swiss Life/Rentenanstalt (Switzerland-Zurich), Swiss Life (Belgium) and Swiss Life (Germany) are already using VASCO products.

“We are very proud that a blue chip company such as Swiss Life/Rentenanstalt puts trust in VASCO’s Digipass,” said Jan Valcke, Executive Vice President of Sales and Marketing for VASCO. “Securing Trust, Securing Value is VASCO’s creed. It is also an important objective for the top notch worldwide Insurance Company Swiss Life. We at VASCO are happy to offer an additional layer of security to Swiss Life’s customers and employees.”

“VASCO has a spotless track record and a worldwide customer network of over 170 banking associations. To Swiss Life, VASCO is the ideal partner to allow our employees and customers to securely perform transactions via telephone and the Net.” Ruedi Frei, responsible for Swiss Life/RentenanstaltsWide Area Network, stated.

About Digipass 300
DIGIPASS 300 provides financial institutions and companies with a secure means of customer or employee identification and authentication for remote access to their computer systems and networks. The DIGIPASS 300 is ideally suited for large public banking applications such as telebanking, home banking, PC banking, phone banking and Internet banking where authentication and e-signatures are key requirements.

VASCO secures the enterprise from the mainframe to the Internet with infrastructure solutions that enable secure e-business and e-commerce, protect sensitive information, and safeguard the identity of users. The Company's family of Digipass® and VACMAN® products offers end-to-end security through strong authentication and digital signature, enterprise Single Sign-On, and LAN security, while sharply reducing the time and effort required to deploy and manage security. VASCO's customers include hundreds of financial institutions, blue-chip corporations, and government agencies in more than 50 countries. More information is available at www.vasco.com.

About Swiss Life/Rentenanstalt
Swiss Life/Rentenanstalt was established in 1857 and as the market leader has a 28.2% share of the life insurance market in Switzerland. Offerings include old age pension (lump sum); disability pension (lump sum, including daily allowance); Group Life Survivors Benefits; endowment; accidental death & dismemberment cover.
About Eracom Technologies
eracom is an international manufacturer and supplier of no-compromise crypto-based IT security products for over 20 years. The products offered by eracom range from pure software products to combined products based on software running on dedicated cryptographic hardware. As a pioneer in the IT security industry, eracom provides world wide IT security solutions to a diverse mix of markets including banking, finance, government, defense, stock market and media. More information is available at www.eracom-tech.com

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 Data Security:
Jochem Binst, +32 2 456 9810, [email protected]
Investor Relations:
Annemieke Blondeel, USA +1 630 932 8844, Europe +44 20 8298 99 60, [email protected]

Eracom Technologies Schweiz AG
Annemarie Marbet, Tel +41 61 975 0612. E-Mail:[email protected]

Rentenanstalt/Swiss Life
Ruedi Frei, CH/IBTSE, Tel. +41 1 284 51 84, E-mail: [email protected]