VolCorp CU secures access with Digipass
22 February 2011 | 2686 views | 0
VASCO Data Security International, Inc. (Nasdaq:VDSI), a leading software security company specializing in strong authentication products, today announced that Volunteer Corporate Credit Union (VolCorp) uses VASCO DIGIPASS GO 6 in combination with VACMAN Controller to secure access to VolCorp Online, an online application for member credit unions.
VolCorp is a financial cooperative which provides low-cost financial services, investments and lending rates to credit unions. Several years ago, VolCorp decided to roll out DIGIPASS GO 6 to protect access to VolCorp Online, an online tool for its member credit unions. The adoption of multi-factor authentication was stimulated by the increased risk of online attacks in the financial industry in general and the recommendations of the National Credit Union Administration (NCUA), the governing body for credit unions, in particular. The NCUA issued guidance to credit unions offering Internet-based services to use appropriate security measures and technologies to authenticate users.
VolCorp decided to implement VASCO's DIGIPASS GO 6 in combination with the authentication software, VACMAN Controller. VolCorp chose to roll-out strong authentication to comply with the recommendations from the NCUA and native integration into the existing applications. VACMAN Controller met these requirements and was seamlessly integrated into VolCorp Online.
Over 2,500 credit union users have now been equipped with a customized DIGIPASS GO 6 enabling them to securely log-on to VolCorp Online. DIGIPASS GO 6 replaces the use of static passwords with dynamic one-time passwords.
"VASCO not only offered us a solution to meet NCUA guidance, the solution could also easily be integrated into our application at a reasonable cost. Furthermore, VASCO supported us with an excellent service level throughout the implementation," says Ben Williams, SVP, CTO at VolCorp.
"The implementation of VASCO strong authentication at VolCorp showcases that our technology can be implemented for use in several branches of the financial industry, whether it is retail banking, corporate banking, brokerage or insurance," says Jan Valcke, President and COO at VASCO Data Security.