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What Is Data Tokenization and How Does It Work?

Stax

The modern-day casino chips can be thought of as a great example of tokenization. Tokenization vs encryption Data encryption is another popular data security technique where data is transformed into an illegible format. Moreover, only authorized personnel can access the original data.

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The Impact of Quantum Computing on Fintech Security Protocols

Fintech Review

As banking services went digital, encryption became increasingly important for protecting information. In the late 20th century, banks began adopting cryptographic algorithms to shield data. The Data Encryption Standard (DES) emerged in the 1970s, followed by the RSA algorithm for secure communications.