NW_20021107_en_Rabobank.be offers secure online banking with VASCO’s Digipass 250

November 7, 2002

OAKBROOK TERRACE, Illinois and BRUSSELS, Belgium – November 7, 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, today announced that the customers of the Belgian online bank Rabobank.be (www.rabobank.be ), are using VASCO’s Digipass to securely perform e-banking transactions. Rabobank .be was launched on November 6, 2002 and is a subsidiary of the Dutch Rabobank, a VASCO customer since several years.

VASCO’s Digipass 250 will be the central element in Rabobank.be’s Rabox ®, that all of the bank’s account holders will receive in order to give them easy, secure access to their accounts, without having to install any heavy – and unsafe – programs on their computer at home. The Rabox is already a successful product in the Netherlands, bringing VASCO’s Digipass 800 (Random Reader) to many Dutch customers and households.

“We are very glad that Rabobank.be has chosen our products to secure their customers’ assets” said Jan Valcke, VASCO’s Executive Vice President of Sales and Marketing. ‘VASCO has since several years a parnership with the most popular European Internet bank, being Rabobank in the Netherlands. We are glad that this partnership now evolves towards other countries.”

“For Rabobank, it was an obvious choice to involve VASCO in the development of our Belgian e-banking branch” said Willy van den Houdt, Country Manager of Rabobank Belgium. “Rabobank and VASCO have worked successfully together for several years in order to offer secure e-banking facilities to our customers. We believe that the expertise we have built in this field will allow us to make Rabobank.be a huge success, with satisfied customers, using a secure channel to perform banking transactions.”

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, digital signature, network Single Sign-On, and Radius, LAN and Web 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.

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]
RABOBANK.be, Willy Van den Houdt, Country Manager, 03/290.17.00, 0475/60.80.99, mailto:[email protected].