German Business Club Bavaria to implement VASCO's MYDIGIPASS.COM
OAKBROOK TERRACE, Ill., and ZURICH, Oct. 8, 2013 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in authentication products and services, today announced that the Business Club Bavaria, a German club that enables business people to build strong relationships via a trustworthy social network, will implement VASCO's authentication service MYDIGIPASS.COM.
Precious business relations are often built through personal contacts during the events organized by the business club. But also the club's protected online platform contains important contact information as well as other confidential details. This private information will be secured by MYDIGIPASS.COM's two-factor authentication.
MYDIGIPASS.COM is VASCO's hosted consumer authentication platform in the cloud. The platform combines high-level security with ultimate user convenience. Instead of logging on with a static password, members will use a dynamic password to access the member section of the website. The business club members can register themselves on www.mydigipass.com and download the free DIGIPASS for Mobile application.The password will be generated by the DIGIPASS app installed on their mobile device.
"Trust is a high value in our business club," says Business Club Bavaria President Kajetan Brandstätter. "On the Internet, it is very easy to misuse trust. All too often, fraudsters steal access codes and then use the stolen identity as their own. The reputation damage for our business club in that case would be tremendous. We are the first business club to offer our members a real workable and safe security concept."
"We are glad we could convince Business Club Bavaria of the value of MYDIGIPASS.COM," states Jan Valcke, President and COO at VASCO Data Security. "Most ASPs and other online providers only react after a security breach. Business Club Bavaria is the first business club to set an example. This radiates confidence and security towards their members and future members."
About Business Club Bavaria
Business Club Bavaria's main reason of existence is offering a personal and trustworthy business network. The Club offers its members efficient and effective contact management. Business relationships are built on the well-structured online platform and during the numerous events. Here the future business deals originate. The Club members enjoy multiple benefits; a free high-level half-day seminar, advantageous participation in business meetings and partner's events. A regular newsletter informs members on interesting club news items. Kajetan Brandstätter, founder of the Bavaria Business Club, sees established enterpreneurs, retailers, politicians, as well as self-employed persons and business founders as the foundation of the Club. More information: http://www.business-club-bavaria.de
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 approximately 10,000 companies in more than 100 countries, including approximately 1,700 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. These forward-looking statements (1) are identified by use of terms and phrases such as "expect", "believe", "will", "anticipate", "emerging", "intend", "plan", "could", "may", "estimate", "should", "objective" and "goal", "possible", "potential", and similar words and expressions, but such words and phrases are not the exclusive means of identifying them, and (2) are subject to risks and uncertainties and represent our present expectations or beliefs concerning future events. VASCO cautions that the forward-looking statements are qualified by important factors that could cause actual results to differ materially from those in the forward-looking statements. These risks, uncertainties and other factors have been described in greater detail in the Annual Report on Form 10-K for the fiscal year ended December 31, 2010 filed with the Securities and Exchange Commission and include, but are not limited to, (a) risks of general market conditions, including currency fluctuations and the uncertainties in world economic and financial markets, (b) risks inherent to the computer and network security industry, including rapidly changing technology, evolving industry standards, increasing numbers of patent infringement claims, changes in customer requirements, price competitive bidding, and changing government regulations, and (c) risks specific to VASCO, including, demand for our products and services, competition from more established firms and others, pressures on price levels and our historical dependence on relatively few products, certain suppliers and certain key customers. Reference is made to VASCO's public filings with the U.S. Securities and Exchange Commission for further information regarding VASCO and its operations.
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SOURCE VASCO Data Security International, Inc.