January 24, 2007

OAKBROOK TERRACE, Ill. and BRUSSELS, BELGIUM January 24, 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 Uruguayan bank Discount Bank protects its online private banking clients with VASCO’s Digipass GO3.
Discount Latin Bank America was founded in 1958 and is now a subsidiary of IDB Bank of New York.
Digipass GO3 is a lightweight strong user authentication product, especially designed for the large volume banking market. GO3 is extremely easy to use - with a simple touch of a button, the customer generates a unique one-time password. The password can be only used once, which means that it can’t be re-used by fraudsters. Digipass GO3 is VASCO’s answer to banks that want to give their customers a simple though secure means to use Internet banking applications

Security Advisor, VASCO’s trusted partner in Uruguay, handled the implementation and integration of Digipass GO3 and VACMAN Controller for Discount Bank.

“We recommended VASCO to Discount Bank, because VASCO is a world leader in strong authentication, with a variety of authenticators, “says Leonardo Berro, Director of Security Advisor (www.sadvisor.com). “We already got positive feedback from Discount Bank on this project: customers have received Digipass GO3 well and feel very comfortable working with it.”
“We welcome Discount Bank as a VASCO customer,” said Jan Valcke, VASCO’s President and COO. “We congratulate Discount Bank on their commitment to protect the personal information and assets of their online account holders. With Digipass GO3, Discount Bank takes the security of its Multidiscount online banking application to the next level. ”

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 28 million Digipass products sold and delivered, VASCO has established itself as a world-leader for strong User Authentication with over 550 international financial institutions and approximately 3,300 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 2 609 97 00, [email protected]