Singapore Government to use VASCO Two-Factor Authentication

March 18, 2015

Assurity Trusted Solutions will Enhance Security for Citizen Account Access with OneKey Authenticator Based on VASCO DIGIPASS 275

OAKBROOK TERRACE, IL, and SINGAPORE, March 18, 2015 - VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, electronic signatures, and identity management, announced today that Assurity Trusted Solutions (Assurity), a wholly-owned subsidiary of the InfoComm Development Authority of Singapore (IDA), has been selected by the Singapore Government to provide SingPass users with the ability to secure their e-government transactions using a two-factor authenticator developed by VASCO.

A government bulk tender has been awarded to OneKey's issuer, Assurity, as part of a systems upgrade program. The OneKey authenticator, based on the VASCO DIGIPASS 275, offers three different two-factor authentication functions; one-time password (OTP), challenge response and transaction signing.
These security functions add a proven extra layer of protection against hackers.

OneKey is designed to allow citizens to use a single cyber- security device for many service providers, both government and private. As soon as July of this year, SingPass users will have the option of using OneKey to secure their e-government transactions. In addition to the security features provided by OneKey, users may also elect to receive their OTP via SMS, depending on the security profile of the online government service.

“We are very pleased to be able to support Assurity Trusted Solution’s mission of protecting Singapore citizens’ access to government services,” stated Jan Valcke, President and COO of VASCO Data Security. “One-time passwords are being used very effectively by many of the world’s largest banks to protect transactions against the latest hacking attacks, so it is very smart to protect citizens using the same proven technology.”

VASCO is the world leader in providing two-factor authentication and digital signature solutions to financial institutions. More than half of the Top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications and meet regulatory requirements. VASCO also secures access to data and applications in the cloud, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, and protect assets across financial, enterprise, E-commerce, government and healthcare markets.

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For more information:
Corporate Communications
+1-847-370-1486 (US) or +32 2 609 97 00 (ROW)
[email protected]