Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2020
Securities class action filed against OneSpan
Lawsuit filed
Pomerantz LLP filed a securities class action against OneSpan and certain officers. The complaint alleged that the defendants made misleading statements about the company's business, operations and compliance practices, including overstated software license revenues. The filing is recorded as a controversy note concerning the company.
Pomerantz LLP filed a class action against OneSpan and certain officers, alleging misleading statements about the company’s business, operations and compliance practices, including overstated software license revenues.
Source excerpt
Pomerantz LLP has filed a suit against OneSpan alleging its biometrics, digital identity and security business violated federal securities law with misleading and “materially false” statements about its business, operations, and compliance practices.
2011
DigiNotar certificate-authority compromise
After Vasco acquired DigiNotar, the Dutch certificate authority was hacked and began issuing fraudulent security certificates. Once the incident became public, the certificates were cancelled and DigiNotar later went bankrupt. The event is a major security and governance controversy connected to the company’s acquisition history.