OAKBROOK TERRACE, Illinois and ZURICH, Oct. 4, 2012 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, announces today that VFB (Vlaamse Federatie van Beleggers www.vfb.be), the Flemish Federation of Investors, uses MYDIGIPASS.COM to secure its membership platform.
The Flemish Federation of Investors informs and unites Flemish investors and investor associations. Through its platform, members receive the monthly magazine 'Gids voor de Beste Belegger' and other investor related information. The association also organizes company visits, seminaries and conferences. The platform contains valuable information such as analyst reports, company indexes and notes about stocks and funds and is only available to the 8,000 members who have paid a membership fee.
VFB wanted to secure access to its platform to ensure that only authorized members could consult the confidential information. Each user receives a DIGIPASS and unique log-on to access the platform. The DIGIPASS application can be downloaded for free from the MYDIGIPASS.COM platform. The application generates dynamic, one-time passwords that are valid for a limited time. This reduces the risk of forgotten or lost passwords. Furthermore, as these passwords are not exposed over the internet, they cannot be intercepted by fraudsters.
By making use of the latest authentication technologies, VFB is a true pioneer in the Belgian investor world. The organization herewith demonstrates its commitment to safeguarding the privacy and security of its members' data. By joining the MYDIGIPASS.COM community, VFB offers its members a convenient and versatile tool allowing them not only to securely access the membership platform, but all their favorite applications as well. As MYDIGIPASS.COM provides a single sign-on environment, the user only needs to log on once to access all his applications bundled on the platform.
"Recent coverage about successful hacker attacks made us realize that the combination of a username and static password offers insufficient protection," says Jos Walravens, President of VFB. "We were looking for a user-friendly, straightforward and most of all, secure solution. These three requirements were fulfilled with MYDIGIPASS.COM."
"We are truly pleased that the Flemish Federation of Investors has become a part of our MYDIGIPASS.COM community," says Jan Valcke, President and COO of VASCO Data Security. "We are convinced that with MYDIGIPASS.COM we offer VFB's member a convenient and secure manner of logging on to VFB's member platform."
The Flemish Federation of Investor associations and Investors is a non-profit organization with the objective to inform and educate individual investors and investor associations with regards to financial asset management in an independent manner. The communication, information and education mainly focuses on stock.
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.
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, 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.