Banco Itau (Brazil) Secures More Than 1.6 Million Retail Customers With VASCO's VACMAN/Digipass GO3

Important Breakthrough for VASCO in Brazilian Retail Banking Market; Itau

is First Brazilian Bank to Start Full Deployment of Digipass in Retail


OAKBROOK TERRACE, Ill. and ZURICH, Switzerland, May 7

May 07, 2008, 01:00 ET from VASCO Data Security International, Inc.

/PRNewswire-FirstCall/ -- VASCO Data Security International, Inc. (Nasdaq:  
 VDSI) (, the leading software security company
 specializing in authentication products, today announced that leading
 Brazilian bank Banco Itau ( will protect the users
 of its retail e-banking application with VASCO's VACMAN Controller and
 Digipass GO3.
     Banco Itau, one of Brazil's largest privately owned banks, is a
 longstanding customer of VASCO. Five years ago, the bank started securing
 its corporate customers with VASCO's strong authentication products. Today,
 the bank will use VASCO's market leading Digipass-VACMAN combination in
 order to safeguard its retail e-banking application.
     Brazil is an important market for VASCO. The country has a mature and
 popular Internet banking channel and the banks are actively looking for
 ways to make the Internet a secure and easy to use business channel. Brazil
 can safely be regarded as a shining example of banking-related
 IT-excellence on the American continent. In 2007, VASCO opened a sales- and
 support office in Sao Paulo, the business capital of Brazil.
     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. High-resolution pictures of Digipass GO 3
 can be downloaded at
     "We are very happy to extend our cooperation with Banco Itau," said Jan
 Valcke, VASCO's President and COO. "VASCO will put the combination of its
 expertise and experience as a global market leader in strong authentication
 and the expertise of its local staff at Itau's disposal in order to
 guarantee a smooth roll-out and a successful project. Together, we'll make
 the Internet a safer place."
     About Banco Itau -- Banco Itau offers retail, commercial, corporate,
 and private banking services to clients in Brazil and abroad. The bank
 provides consumer loans, financial management, insurance, pension plans,
 treasury services, mortgage loans, lease financing, securities brokerage,
 and foreign exchange services. It is rated BBB- by Moody's. Through its
 investment banking arm, Itau BBA has been a top player in Brazilian IPO's
 and the leader in corporate debt insurance. Itau is the only Latin American
 bank to be a component of the Dow Jones Sustainability World Index since
 the creation of this stock index, for eight consecutive years. For the
 third consecutive time, Latin Finance/Management & Excellence rated the
 Bank as the most ethical and sustainable among the largest Latin American
 banks. Most recently, Euromoney magazine recognized Itau as the Best Latin
 American Bank. Itau was also the first foreign bank, with its shares traded
 on the New York Stock Exchange, to comply with the requirements under the
 Sarbanes-Oxley Act.
     About VASCO: VASCO is a leading supplier of strong authentication and
 e-signature solutions and services specializing in Internet Security
 applications and transactions. VASCO has positioned itself as a global
 software company for Internet Security serving a customer base of close to
 7,100 companies in more than 100 countries, including more than 1000
 international financial institutions. VASCO's prime markets are the
 financial sector, enterprise security, e-commerce and e-government.
     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,

SOURCE VASCO Data Security International, Inc.