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Many organizations seek tokenization services to help them reduce the cost of Payment Card Industry Data Security Standard (PCI DSS) compliance, which is often done by removing payment card data from internal IT systems. Additional regulatory compliance obligations, such as the General Data Protection Regulation (GDPR) or California Consumer Privacy Act (CCPA), can be satisfied by removing personal data, personally identifiable information (PII), protected health information (PHI), and other sensitive data types from systems via tokenization. To accomplish this, TokenEx customers can choose tokens that retain the same length and format of the original data (format- and length-preserving tokens), maintaining business utility with minimal changes to business-as-usual processes. TokenEx has multiple methods for capturing and processing any type of sensitive data so that it never enters your network, databases, or browsers, ensuring maximum scope reduction.
Protecting your sensitive data should be about more than achieving minimum compliance obligations. Although compliance is important, it doesn't always equal security. Instead, the ultimate goal of your organization should be to improve its overall security by desensitizing data to reduce the risk associated with a data breach. Unlike encryption, which can be reversed if the key becomes compromised, tokenization can prevent the theft of exposed data. Because tokenization exchanges the original sensitive data for a nonsensitive, irreversible token and then stores the original data in a secure, cloud-based vault outside of an organization’s network or IT environment, a data breach of a tokenized environment will not result in the exposure of any sensitive data. This process is called data deidentification, or pseudonymization, and it virtually eliminates the risk of data theft, in addition to satisfying many compliance obligations.
Tokenization is a powerful, risk-reducing technology that can secure and desensitize any data type in accordance with many international regulatory compliance obligations. With tokenization, you can:
Reduce Compliance Scope
Reduce Risk of Data Breaches
Reduce IT Overhead and Bandwidth
Reduce Risk of Data Theft