OAKBROOK TERRACE, Ill. and ZURICH, April 22, 2011 /PRNewswire/ -- VASCO Data Security International, Inc. (Nasdaq: VDSI; www.vasco.com), a leading software security company specializing in strong authentication products, today announced that it will organize a Banking Summit in New York on April 28th, 2011.
Security is becoming more and more important in the North American financial world and banks are taking action to assure safe online account access for their clients. Securing online banking transactions reduces fraud to a minimum. The use of OTPs (one-time passwords) assures a high-level security because an OTP is only valid during a limited period of time and can only be used once. By adding an e-signature functionality to sign online transactions, banks can effectively secure their customers against man-in-the-middle-attacks.
"During the VASCO Banking Summit, VASCO clients will share their VASCO experience with our prospects. Since North America is a strategically important market for VASCO, we want to give other companies the opportunity to get to know the benefits of working with VASCO's strong authentication solutions and show them how they can protect online transactions," declares T. Kendall Hunt, Founder, Chairman and CEO of VASCO Data Security.
The Banking Summit is organized for financial institutions only. To register, visit http://www.vasco.com/company/events/nabs.aspx
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 over 10,000 companies in more than 100 countries, including more than 1,600 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, 2009 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.