Tokenization Evolution – Integration Deployment Models
Tokenization has been thrust to the forefront of data security. The technology has existed for quite a while it just went under the name masking, hashing, obfuscation or a litany of other terms. The reason why so many organizations are moving to tokenize their sensitive data is because, plain and simple, it works. The goal of tokenization is to get toxic payment card data and other personally identifiable information out of your business systems. Doing so eliminates the risk of data theft and the resulting financial losses and damage to your reputation. It also reduces the scope and therefore the overall cost of obtaining and maintaining PCI compliance. By tokenizing sensitive data, you remove it from your environment, reducing scope and compliance. The best part is that you have nothing to worry about in a data breach. When a cyber criminal hacks a token, they get no meaningful information.
Multi-Tenancy iPaaS Provides Economical Elastic Computing
The TokenEx Cloud Platform is a multi-tenancy iPaaS (infrastructure Platform as a Service) specially designed for high-security and maximum computing resource efficiency. Multi-tenancy simply means that each client is maintained as a separate tenant and all your data—payment card data, tokens, and PII—is kept separate from all other tenants. Yet all tenants take advantage of the same software features as well as the computing infrastructure. It’s like living in an apartment complex that has common facilities for the building—power, HVAC, water—but has completely separate and secure living spaces for each tenant. You share the plumbing with other tenants, but not your kitchen. Your apartment is separate and secure. Only you have the keys to access what’s inside it. So it is with each tenant’s data.
Most cloud platforms are multi-tenant because of the shear efficiency of combining databases, networks, web servers, and backup. You get access to an elastic resource of computing power that expands, as you need it, while only paying for the services you use. For most mid-sized companies it makes economic sense to leverage a multi-tenant cloud platform and get the resources you need at a predictable rate. It is much more cost effective than running your own data center, managing databases, attending to security requirements, and backing up all your own data. You are relieved of all the risk of maintaining the payment card information and personally identifiable information.
Single-Tenancy iPaaS Provides Enterprise-Class Flexibility
Many global enterprises process payments and PII data in very large volumes. Their payment flow and token exchanges can change from rivers to torrential floods of data in cycles throughout the global business day. These organizations may require dedicated computing resources to manage the ebb and flow of payment data.
The sheer number of transactions also means they have vast treasure troves of payment data vulnerable to potential data theft. Recent high-profile and successful attacks on retail, healthcare, and financial institutions prove that they are worthwhile targets and that no matter how sophisticated their security perimeter, hackers will find a way to access the crown jewels of payment and personal data. For these organizations the risk of losing customer data far outweighs the costs of a dedicated cloud platform.
In these cases a Single-Tenancy Cloud Platform provides the maximum level of service and performance. Single-tenancy segments data both logically and physically. Computing resources and data vaulting is fully dedicated for their sole use and fully isolated from other clients’ data and processing. As a single-tenant client you have access to TokenEx e-commerce, batch processing, and web services solutions.
Firehost Partnership For Single-Tenancy Cloud Platform
In order to maintain enterprise-class single-tenancy cloud platforms for multiple clients, TokenEx has partnered with Firehost, a leader in secure cloud hosting services. Firehost’s infrastructure as a service (IaaS) provides the instant expandability of computing resources to support a single-tenancy client. Their comprehensive security capabilities for hosting payment and PII data compliments TokenEx’s tokenization services to provide enterprise-class cloud platform service. As a single-tenant client you’ll have an Attestation of Compliance from both TokenEx and FireHost to support all of your compliance initiatives.
Custom Tokenization Empowers Your Organization
Deployment models for cloud tokenization make it possible for companies to determine how their data is physically segmented in a cloud environment. Single-Tenant offers the most security with the highest performance, due to a completely stand-alone experience. With Multi-Tenant Tokenization it is no less safe, because the cloud environment is still secure. You are simply sharing resources with all of the other tenants. Visit Tokenex.com to learn more about our tokenization deployment models. Follow us on Twitter and LinkedIn.