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As cyber threats evolve, safeguarding your organization’s data has become an utmost priority. Whether you’re a small business owner, a corporate leader, or an Information and Communication Technology (ICT) specialist, the consequences of a databreach are severe and far-reaching.
Tokenization: Generative AI contributes to the implementation of tokenization, a technique that replaces sensitive data, such as credit card numbers, with unique tokens. These tokens are generated for each transaction, reducing the risk of databreaches. This provides digital payment methods with an additional level of security.
By Jeremy Smillie, VP of DevSecOps at Exact Payments In an era where databreaches are not just threats but realities, protecting Personally Identifiable Information (PII) is more crucial than ever. At Exact Payments, we understand the magnitude of the responsibility of handling such sensitive data.
For example, Facebook recently disclosed that an unprecedented databreach, discovered on September 25, exposed the social media accounts of up to 90 million users — including login credentials — effectively compromising access to any site that lets users log in with their Facebook account.
PCI DSS Requirement 2 – Set up and maintain firewalls to secure cardholder data This requirement has been put in place to protect cardholder information from unauthorized access within an organization. Firewalls monitor traffic to a system and can be configured to block a certain section of the traffic.
Solution with Segpay: AI-Powered Fraud Detection Segpay uses advanced risk analysis, machine learning, and real-time fraud screening to block suspicious transactions. Tokenization & Encryption All sensitive payment data is encrypted and tokenized, reducing the risk of databreaches.
As a SaaS company, you are handling a vast number of customer data from personal information to financial records. Now databreaches and mishandling of those information cannot only impact your reputation but can also lead to the loss of your client’s trust. Why SaaS companies need SOC 2?
With growing concerns around databreaches, identity theft, and unauthorized access, organizations need to ensure that only authenticated users can access their systems and sensitive information. These adaptive security measures help mitigate potential breaches. This market is very dynamic and growing at a rapid pace.
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