Welcome!

@CloudExpo Authors: Pat Romanski, Elizabeth White, Liz McMillan, Yeshim Deniz, Zakia Bouachraoui

News Feed Item

VASCO Data Security and Trusteer partner to secure web applications

Integration of application protection and strong authentication prevents financial and cyber fraud

OAKBROOK TERRACE, Ill., and ZURICH, Nov. 20, 2012 /PRNewswire/ -- VASCO Data Security Inc. (Nasdaq: VDSI), a leading software security company specializing in authentication products, and Trusteer, the leader in endpoint cybercrime prevention solutions that protect organizations against financial fraud and data breaches, today announced a partnership to secure online transactions, applications and access to sensitive information. With this agreement, Trusteer and VASCO unite their efforts against fraudulent attempts, each by securing a critical part of the transaction process.

VASCO's software solutions are used to authenticate users of identities and financial transactions. VASCO authentication significantly increases security for online access to web applications in a convenient way. Fraud attempts, such as Man-in-the-Middle attacks and phishing, have become an increasing concern to many applications and VASCO has focused its efforts to provide solutions against such attacks.

Trusteer Rapport protects endpoints, running VASCO DIGIPASS authentication, from malware and phishing attacks designed to steal users' access credentials. Once installed, Trusteer Rapport removes existing financial malware from end-user machines and prevents future infections by stopping attempts to exploit browser vulnerabilities and install malware on the endpoint. It blocks key logging and screen capturing used by malware to steal login credentials from online banking web pages. Trusteer ensures that the device, running VASCO DIGIPASS, and the browser are not compromised by malware while VASCO elevates the level of authentication to prevent account takeover attacks.

The combined solution of VASCO's DIGIPASS software with Trusteer's Rapport ensures convenient and banking level security to online applications. The solution is ideal for consumer applications that are accessing sensitive information. With the increase of fraudulent activity, the combination represents a major step in the evolution of consumer security.

"Our partnership with Trusteer is a good example of VASCO's continuing evolution into secure software and services to meet the needs of the consumer," says Jan Valcke, President and COO of VASCO Data Security. "Our software DIGIPASS was an answer to the market's need to create an easy-to-use, secure authentication system. By partnering with Trusteer, we are able to enhance this process by protecting against the growing concern of malware."

"Advanced malware is able to bypass all forms of authentication solutions. Even when using a strong authentication system, if the endpoint is infected with malware any application that is accessed, including online banking, enterprise applications, etc., is at risk," said Yaron Dycian, Vice President of Products for Trusteer. "Our partnership with VASCO provides end-to-end security that secures the authentication mechanism from tampering by malware and blocks any attempts to compromise online banking, enterprise and cloud application sessions."

About Trusteer

Boston-based Trusteer is the leading provider of endpoint cybercrime prevention solutions that protect organizations against financial fraud and data breaches. Hundreds of organizations and millions of end users rely on Trusteer to protect their computers and mobile devices from online threats that are invisible to legacy security solutions. Trusteer's Cybercrime Prevention Architecture combines multi-layer security software with real-time threat intelligence to achieve sustainable protection against malware and phishing attacks and meet regulatory compliance requirements. Global organizations such as HSBC, Santander,The Royal Bank of Scotland, SunTrust and Fifth Third use Trusteer's solutions and leading online banking providers such as First Data, FIS, Harland Financial Solutions, Intuit and S1 integrate with Trusteer to provide world-class protection for financial institutions of all sizes. www.trusteer.com.

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 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.

For more information, contact Jochem Binst, +32 2 609 97 00, [email protected].

Follow us on Twitter.

 

SOURCE VASCO Data Security International, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

CloudEXPO Stories
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully been able to harness the excess capacity of privately owned vehicles and turned into a meaningful business. This concept can be step-functioned to harnessing the spare compute capacity of smartphones that can be orchestrated by MEC to provide cloud service at the edge.
All zSystem customers have a significant new business opportunity to extend their reach to new customers and markets with new applications and services, and to improve the experience of existing customers. This can be achieved by exposing existing z assets (which have been developed over time) as APIs for accessing Systems of Record, while leveraging mobile and cloud capabilities with new Systems of Engagement applications. In this session, we will explore business drivers with new Node.js apps for delivering enhanced customer experience (with mobile and cloud adoption), how to accelerate development and management of SoE app APIs with API management.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addressed the challenges of scaling document repositories to this level; architectural approaches for coordinating data; search and storage technologies, Solr, and Amazon storage and database technologies; the breadth of use cases that modern content systems need to support; how to support user applications that require subsecond response times.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage of data and analytics in the cloud, Architecture, integration, governance and security scenarios and Key challenges and success factors of moving data and analytics to the cloud
For years the world's most security-focused and distributed organizations - banks, military/defense agencies, global enterprises - have sought to adopt cloud technologies that can reduce costs, future-proof against data growth, and improve user productivity. The challenges of cloud transformation for these kinds of secure organizations have centered around data security, migration from legacy systems, and performance. In our presentation, we will discuss the notion that cloud computing, properly managed, is poised to bring about a digital transformation to enterprise IT. We will discuss the trend, the technology and the timeline for adoption.