Dick is correct in mentioning that Yubico keeps a copy of the AES key so that the live validation server (
http://api.yubico.com) can authenticate the key.
If the organization doesn’t want to share the ASE keys with the Yubico, it has an option of deploying its own validation server.
The organization can use the personalization tool to change the YubiKey ID and the YubiKey AES key of the Key.
For more information, please refer to the following links:
http://www.yubico.com/developers/srv/http://www.yubico.com/developers/personalization/Feel free to write back to us in case you face any problems.