New version of IDENTIKEY Appliance helps banks to achieve PCI DSS compliance
OAKBROOK TERRACE, Ill. and ZURICH, June 27, 2012 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI) (www.vasco.com), a leading software security company specializing in authentication products, announces the new version of its IDENTIKEY Appliance, which incorporates IDENTIKEY software version 3.4 and offers support for hardware security modules (HSM), typically used in online banking environments. The updated appliance helps banks and financial organizations to achieve PCI DSS compliance and is specifically tuned to fit the needs of the financial market.
The Payment Card Industry Data Security Standard (PCI DSS) is a worldwide information security standard intended to reduce credit card fraud. It is a framework of regulations that was developed to create a robust payment card data security process that includes prevention, detection and appropriate reaction to security incidents, and it must be adopted by all organizations that handle payment card data.
Achieving PCI DSS compliance however, can be a complicated and time-consuming procedure that requires a lot of expertise and resources. VASCO's IDENTIKEY Appliance provides organizations with a plug-and-play managed server while maintaining the mandatory compliance. Furthermore, IDENTIKEY Appliance offers additional features such as automatic updates, platform system monitoring and schedule back-up as well as extensive reporting tools. Business continuity is guaranteed with a secure replication functionality.
"Implementing strong security policies is not just a matter of adhering to regulations, it provides financial organizations with a competitive and operational advantage as well," says Jan Valcke, President and COO of VASCO Data Security. "The new version of IDENTIKEY Appliance not only helps banks and other organizations to achieve PCI DSS compliance but goes beyond minimum requirements and provides a comprehensive, fully scalable and efficient security solution, mitigating risks of card fraud and data breaches."
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 global software company for Internet Security serving a customer base of approximately 10,000 companies in more than 100 countries, including over 1,700 international financial institutions. VASCO's prime markets are the financial sector, enterprise security, e-commerce and e-government.
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, 2011 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.
This document may contain trademarks of VASCO Data Security International, Inc. and its subsidiaries, including VASCO, the VASCO "V" design, DIGIPASS, VACMAN, aXsGUARD and IDENTIKEY.
SOURCE VASCO Data Security International, Inc.