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KBC is an established customer of VASCO and uses VACMAN Controller, an API-based authentication platform that serves as the backend for all DIGIPASS authenticators. KBC has previously deployed DIGIPASS 275 hardware authenticators to their banking customers. The bank's implementation of DIGIPASS for Apps protects KBC's mobile banking transactions and also allows users of web-based banking applications to generate a one-time password on their phone for secure online banking.
The Japanese market has experienced an increase in losses from fraud due to phishing and man-in-the-middle attacks.
DIGIPASS for Apps is a comprehensive library of security solutions for mobile applications that natively integrates application security, two-factor authentication and electronic signing, among other features into a bank's mobile applications.
"Spending on online and mobile fraud mitigation technology will continue to rise," stated Julie Conroy, research director for Aite Group's Retail Banking practice. "Banks have a wealth of data at their disposal. Those that are harnessing that data to convert it into actionable intelligence are reaping the benefits in the form of better fraud prevention and less friction for customers."
Banque Populaire (part of BPCE Group, the second largest banking group in France) engaged in a strategy of document dematerialization and "zero paper" in its agencies. The company is particularly attentive to the client experience with a focus on convenience, innovation and security. Banque Populaire's clients have benefited from digitalized processes for a large part of their daily operations and for interactions with bank counselors.
"For VASCO, these start-ups can be an important source of new ideas, going further than the authentication area we already know so well," says Jan Valcke, President and COO at VASCO Data Security. "We look forward to matching our strategic and operational experience with the start-ups' innovative concepts and ideas."
VASCO's utilization of an unconnected card reader enhances the user experience and enables citizens to use mobile devices such as smart phones and tablets that do not have a USB connection. This certification is an important intermediate step to opening access to governmental services in the coming months through simple customer enrollment and verification. The first government and third party applications supporting this service are expected to be available within the coming months. Initial registration with a connected card reader on the MYDIGIPASS TDI is required at the first use.
OneKey is designed to allow citizens to use a single cyber- security device for many service providers, both government and private. As soon as July of this year, SingPass users will have the option of using OneKey to secure their e-government transactions. In addition to the security features provided by OneKey, users may also elect to receive their OTP via SMS, depending on the security profile of the online government service.
Mizuho Bank, the core institution of Mizuho Financial Group, is one of Japan's three major banks. In March 2008, Mizuho Bank initiated a program of security enhancement for their online banking service, Mizuho Direct, using the VASCO DIGIPASS GO6 and VACMAN Controller. This latest upgrade will provide protection against the newest attacks in online banking.
Japan has seen an increase in criminals attempting to steal banking customers' user IDs and passwords through phishing attacks and spoofing tactics. "Criminal hacking organizations are increasing their attacks on financial institutions in every region of the world," stated Jan Valcke, President and COO of VASCO. "Banking customers want the convenience of conducting mobile and online banking transactions, and this requires a higher level of security while still providing a friendly online banking experience."
