VASCO Passes Record Milestone: Sells 200 Millionth Authenticator
DIGIPASS is the Number One Authentication Solution Used by Banks Worldwide to Combat Fraud and Account Takeover
OAKBROOK TERRACE, IL, June 25, 2014 - VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, digital signatures, and identity management, announced it has sold its 200 millionth DIGIPASS authenticator. The milestone follows the company’s recent announcement of record order intake in Q1 of 2014.
Authentication is a process that combats criminal hacking activities by verifying that a user is who they claim to be. It is growing in importance as the frequency and cost of data breaches increases. The 2014 Data Breach Investigation Report from Verizon identified that two out of three breaches exploited weak or stolen passwords.
VASCO is the world leader in providing authentication and digital signature solutions to financial institutions; more than half of the top 100 banks in the world use VASCO solutions to enhance their security. Banks are increasing their utilization of enhanced security measures to attract new customers and to meet regulatory requirements without compromising customer convenience.
“Global criminal hacking organizations pose a growing threat to our banking and enterprise customers as attacks become more frequent and utilize more sophisticated methods,” stated Jan Valcke, President and COO of VASCO. “Our next generation solutions are remarkably innovative with features such as intelligent decision engines and high-resolution QR codes to keep the user experience very friendly as we integrate more powerful security protections.”
VASCO is a leading supplier of strong authentication, digital signature, and identity management solutions specializing in securing web and mobile applications and online transactions. VASCO serves a customer base of approximately 10,000 organizations in more than 100 countries, and approximately 1,700 global financial institutions including more than half of the top 100 global banks. VASCO's primary markets are the financial industry, enterprise security, e-commerce, healthcare, and e-government.
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