Avoiding a Data Breach: An Introduction to Encryption and Tokenization
In 2012, 621 confirmed data breaches were reported in the United States, resulting in the theft of over 44 million sensitive consumer records—including millions of debit and credit card account numbers. Data breaches are constantly in the news, and recent high profile cases show that no organization is immune—especially as criminals develop increasingly sophisticated methods to exploit vulnerabilities in the payment system.
Fortunately, end-to-end encryption (E2EE) and tokenization solve for many of the vulnerabilities that exist in the payments processing chain. When combined, these two technologies provide an effective method for securing sensitive data throughout its life cycle.