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SOURCE VASCO Data Security International, Inc.
DIGIPASS Authentication Solutions Protect Online Gaming Customers by Preventing Fraud and Account Takeover
SAN FRANCISCO, July 14, 2014 /PRNewswire/ -- VASCO Data Security International, Inc. (NASDAQ: VDSI), a global leader in authentication, digital signatures, and identity management, announced today that it will be showcasing its newest authentication solutions for iGaming at the 14th annual Global iGaming Summit & Expo (GiGse) from July 14 to 16, 2014 at the Hyatt Regency in San Francisco.
Eilers Research, a research firm focused on the global gaming industry, says the social-casino game market hit $2 billion in 2013. SuperData Research estimates it will be $4.4 billion by 2015. iGaming is relatively young in the U.S., but a growing number of Americans are gambling online and several states are considering legalizing online gambling.
Online gambling presents a unique set of security challenges for business operators. The involvement of significant funds and financial transactions makes it an attractive target for criminal hackers. In addition, players must be properly identified to satisfy location requirements (iGaming operators are typically required to ensure that players are within the boundaries of their state ) and anti-money laundering regulations.
Today, VASCO provides on premise and cloud-based security solutions to many leading online gaming and legalized gambling service providers and secures over 8 million users worldwide. VASCO is also the leading provider of authentication and digital signature solutions to financial institutions; more than half of the top 100 banks in the world use VASCO solutions to enhance their security.
"Just as in banking, static passwords simply do not provide adequate protection," said Martin Ahlers, Vice President of the MYDIGIPASS Business Unit at VASCO. "One-time passwords are far more secure as they cannot be reused and are only valid for a limited period of time, rendering them useless for fraud and money laundering. "
Visit VASCO at GiGse, at the Hyatt Regency, San Francisco, from July 14 to 16, booth 22. VASCO will be demonstrating authentication and anti-fraud solutions for the iGaming / legalized online gambling industry including DIGIPASS for Apps, DIGIPASS, and MYDIGIPASS supported by VACMAN controller and IDENTIKEY server on premise and as a cloud-based solution.
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 approximately 1,700 global financial institutions. VASCO's primary markets are the financial sector, enterprise security, e-commerce and e-government.
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.
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