This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A databreach could ruin your business overnight. Are you prepared to deal with regulatory fines, lawsuits, costly investigations, disrupted operations, and destroyed trust while cybercriminals profit freely from stolen data? That’s the harsh aftermath companies face today following high-profile breaches.
Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or socialsecurity numbers. As a merchant, to understand tokenization for your own benefit, it’s critical to understand: What tokenization is, why it’s important for payments, and how it compares to encryption.
As if Yahoo didn’t have enough on its plate, the tech company is now facing a probe from the Securities and Exchange Commission as to whether or not it could have acted more promptly in response to two massive databreaches that left over a billion customers’ information compromised. America’s DataBreach Problem.
Now more than ever, businesses are focusing on preventing databreaches and implementing response protocols to mitigate breaches if they occur. According to the 2023 IBM DataBreach Report , the global average cost of databreaches was $4.45 What are databreaches?
Tokenization vs encryptionDataencryption is another popular datasecurity technique where data is transformed into an illegible format. In contrast, tokenization does not depend on keys or encryption algorithms, as random data is mapped to and replaces sensitive data.
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.
PCI DSS compliance sets industry requirements that safeguard payment card data using encryption, firewalls, and regular security audits. These guidelines significantly reduce the risk of your business’s vulnerability to databreaches. Verizon’s 2021 report found that 85% of breaches involved a human element.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content