VASCO Launches Fraud Detection & Analysis Services

September 12, 2006

OAKBROOK TERRACE, Ill., and BRUSSELS, Belgium, September 12, 2006 - VASCO Data Security International, Inc. ( (Nasdaq: VDSI), the global number one vendor of strong user authentication and e-signature products, today announced that it has launched its Fraud Detection & Analysis Module. With this new product offering, VASCO enters the world of anti-fraud services, including the detection and analysis and neutralizing of fraud schemes such as Phishing, Pharming, Man-in-the-Middle attacks and Trojan Horses.

VASCO’s Fraud Detection & Analysis Services consists of five modules:
1. Initial assessment and web analysis (DNS ( Dynamic Name Server), Historic Trojans, Historic Phishing) / Web site analysis for optimization/risk reduction;
2. Internet Surveillance (Domain Names, Spam, Alerts) ;
3. Log file watching and analysis (web server, mails);
4. Trojan Horse/malware analysis (functional problem description, possible solutions);
5. Info services (statistics, trainings, tips and tricks).

With the introduction of the Fraud Detection & Analysis Module VASCO broadens its offerings towards existing and new customers in the financial sector and the e-commerce world. The module will be marketed directly by VASCO in conjunction with its existing Digipass and VACMAN Controller hard- and software strong authentication product lines. VASCO’s Fraud Detection and Analysis Module will be available to existing and new customers through VASCO’s Trust Club.

VASCO’s Trust Club is a Digipass secured site on which the members, VASCO’s banking customers, can exchange leadership experiences in the field of strong authentication. In addition, new future-oriented technologies, such as VASCO’s Fraud Detection and Analysis module, are presented to the Trust Club Members. Those technologies can be developed by VASCO or by Trusted VASCO Partners.

“With VASCO’s Fraud Detection and Analysis Services, we take a new important step in our efforts to be the Full Option, All-Terrain Authentication Company”, said Jan Valcke, VASCO’s President and COO. “We expect that additional modules will be added to the VASCO Trust Club very soon. Some of these modules will be developed by VASCO, others will be delivered by VASCO’s Trusted Partners, vendors who fit their solutions into the Identikey™ concept. We invite additional third party vendors to add products to VASCO’s Trust Club”

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, VASCO has established itself as a world-leader for strong User Authentication with over 500 international financial institutions and approximately 3,000 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 2 456 9810, [email protected]