NW_20060310_en_CeBIT 2006_ VASCO Awards GE Money Bank Germany for Its Visionary Approach of German E-Banking Market

March 10, 2006

HANNOVER, GERMANY - March 10, 2006 - VASCO Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), the global number one vendor of strong user authentication and e-signature products, today announced that it has awarded GE Money Bank (www.gemoneybank.de ) with VASCO’s Market Vision Award.

In order to honour the bank’s focus on innovation and its visionary approach of security in an e-banking environment, VASCO will organize an award ceremony on its booth during the second day (March 10 – 4.45 pm CET) of CeBIT 2006 in Hannover (Germany). The award consists of a bronze sculpture by the Belgian artist Inge Dewilde.

GE Money Bank merits VASCO’s Market Vision Award because it is the first bank in Germany to distribute Digipass strong authentication (in casu Digipass GO3) to its entire online customer base.

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 440 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:
VASCO: Jochem Binst, +32 2 456 9810, [email protected]