Rubrik: World-wide News/Products & News

VASCO: Digipass Strong User Authentication is The Answer to Phishing Schemes

A New Type of Online Fraud Scheme Has Recently Emerged: Phishing

(28.01.04) - Phishing: Creating a replica of an existing Web page to fool a user into submitting static financial, or password data. Phishing is the term coined by hackers who imitate legitimate companies in e-mails to entice people to share static passwords or credit-card numbers.

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Phishing schemes can only succeed if the information the fraudster wants to obtain, is static (user id's, PIN codes, credit card information). VASCO's Digipass Strong User Authentication Products are a solution to avoid phishing schemes to be successful. Digipass creates one-time passwords, changing every 36 seconds. In addition, Digipass calculates digital signatures, allowing bank account holders or credit card users to perform online transaction without revealing any secret information on the Internet.

VASCO's products are used by more than 250 financial institutions worldwide to offer end users secure access to e-banking applications. VASCO's Digipass 800 is an official partner product of EMV (Europay, Mastercard, Visa), the worldwide protocol for the next generation of chip-based credit cards. (ma)

VASCO Data Security International

Contact: Jochem Binst

Tel. (0032-2) 4569810, Fax (0032-2) 4569820

E-Mail: jbinst@vasco.com

Web: www.vasco.com

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