NW_20041005_en_VASCO Hosts First Worldwide Banking Summit

October 5, 2004

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, October 5, 2004 - 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 it will host its first Worldwide Banking Summit, in its European headquarters in Wemmel, Belgium on October 20 and 21. Currently, over 50 representatives of the world’s leading banks have confirmed their attendance and participation in the Summit.

VASCO has over 300 financial institutions in its customer base, including the 4 banks with the largest deployments of strong authentication products in the world. The worldwide banking community has become more and more convinced of the need for VASCO’s Digipass strong authentication in an Internet banking environment. During VASCO’s Worldwide Banking Summit, long-term VASCO customers and partners will show to new customers and prospects how to successfully launch and manage a strong authentication project.

“With the organization of the First Worldwide Banking Summit, VASCO affirms its leadership as a vendor of strong authentication products to the financial sector,” said Jan Valcke, VASCO’s President and COO. “Worldwide, banks show a growing interest in VASCO’s Digipass products. By bringing over 50 banks together, VASCO speeds up the protection of bank account holders against fraud schemes such as phishing and keystroke logging.”

About VASCO: VASCO designs, develops, markets and supports patented “Identity Authentication” products for e-business and e-commerce. VASCO’s Identity Authentication software is delivered via its Digipass hardware and software security products. For user access control, VASCO’s VACMAN products guarantee that only designated Digipass users get access to the application. With over 11.5 million Digipass products sold and ordered, VASCO has established itself as a world-leader for strong Identity Authentication with more than 300 international financial institutions and approximately 1,400 blue-chip corporations and governments located in more than 70 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]