NW_20060621_en_Banco Bradesco (Brazil) Wins VASCO's Market Vision Award 2006 for Latin America

June 21, 2006

CIAB Tradeshow, SAO PAULO, BRAZIL, June 21, 2006 - VASCO Data Security International, Inc. (www.vasco.com) (Nasdaq: VDSI), the global number one vendor of strong user authentication products, today announced that leading Brazilian Bank Banco Bradesco (www.bradesco.com.br) has been awarded with VASCO’s Market Vision Award 2006 for Latin America.

Bradesco was the first financial institution in the region to see the benefits of securing different types of customers with different types of Digipass authentication products. In the case of Bradesco, corporate users are secured with a Digipass GO3 , retail customers with a Digipass for Java Phone.

Bradesco‘s segmented approach of client authentication is a perfect example of VASCO’s Full-Option, All Terrain product strategy. Around VACMAN Controller, a large number types of client authentication Digipass products are used, depending on the type of customer and the frequency of use of the application.

VASCO’s Market Vision Award consists of a bronze by the Belgian Artist Inge Dewilde. The award ceremony will take place today, June 21, at the CIAB Trade Show in Sao Paulo, Brazil at 3.30 pm local time.

“We awarded Bradesco because of the bank’s visionary approach of secure Internet banking at its pioneering spirit,” said Jan Valcke, VASCO’s President and COO. “Bradesco proves that a segmented authentication approach of a bank’s customer base is the right path to follow. We want to congratulate Bradesco for this vision. In addition, we want to stress the fact that Bradesco is one of the very first banks worldwide that has initiated a mass roll out of Digipass for Java Phone to their customers.”

About VASCO: VASCO designs, develops, markets and supports patented user authentication products for 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 approx. 25 million Digipass products sold and delivered, including the units sold by AOS Hagenuk prior to our acquisition, VASCO has established itself as a world-leader for strong User Authentication with over 470 international financial institutions and approximately 2,600 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 2 609 97 40, [email protected]