Using Tokenization for Superior Data Security

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7
Next Using Tokenization for Superior Data Security-4 Next

Compliant Outsourcing

While it has become relatively common practice to outsource or offshore certain business processes to reduce operational costs, many businesses looking to take advantage of the financial rewards promised are fearful of violating data residency laws and concerned about the safety of cloud computing. Using tokenization to de-identify and protect sensitive information before it leaves an enterprise opens a legal and secure pathway for organizations to offshore and outsource data to reduce costs and gain business insight.

With the launch of ApplePay for secure online and mobile payments, tokenization has become a hot topic in data security right now. Born from a need to secure PCI data, tokenization technologies substitute real data with fake data or a 'token' that has no value to a thief.

Tokenization can be used to de-identify any structured sensitive information, as defined by PCI DSS, HIPAA and NIST and others, such as credit cards, names, social security numbers, addresses, and any other PCI, personally identifiable information (PII), or protected health information (PHI) data. Tokens have the same appearance as the data they replace, meaning they can be used for processing and analytics in existing systems with minimal modification. Recent statistics from CSIS put the cost of breaches last year at around $400 billion with over 100 million people affected globally.

As data creation continues exponentially, the cost, risk and sophistication of breaches increase, and laws governing data security are debated and reformed globally, all industries are fast turning to tokenization to secure their data. But not all tokenization is created equal. Modern vaultless tokenization delivers the most secure, transparent and flexible solution with the greatest ROI to organizations looking to protect and realize the value in their sensitive and customer data. In this slideshow, Protegrity explains five characteristics of tokenization that every organization can benefit from.

 

Related Topics : Unisys, Stimulus Package, Security Breaches, Symantec, Electronic Surveillance

 
More Slideshows

Privacy rollback Security Pros Give Their Opinions on ISP Data Privacy Rollback

IT staff, organization leaders, and the average citizen have all expressed levels of concern over the FCC about-face in regard to ISP privacy. Here’s what the security experts say. ...  More >>

IT security skills 7 Top Skills for Security Pros

Executives at several top tech firms outline the skills they need now and in the near future, including IaaS and IoT security expertise. Other skills listed may surprise you. ...  More >>

IT security careers The Most In-Demand Security Jobs and How to Get Them

Security professionals are in demand right now, and entry-level security jobs generally fall into either an engineer or analyst role. Find out more about required skills and career paths. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.