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What to Know About Tokenization

Basis Theory

Historically, data security has been treated as featureless and burdensome—but a necessary expense incurred by organizations. Today, we can tokenize anything from credit card primary account numbers (PAN) to one-time debit card transactions or social security numbers. credit card or social security numbers).

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Rethinking security when everyone's Social Security number is public

Payments Source

After Equifax disclosed a devastating data breach, much of the attention focused on whether the company did everything it could in response. But the scary truth may be that this is the sort of incident that goes beyond a single company's ability to fix.

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Data Breaches 101: What They Are And How To Prevent Them

VISTA InfoSec

Virtually every industry faces data breach risks today as sensitive information gets digitized and networked across cloud platforms. But some data types see higher breach rates than others. Your company’s trustworthiness and future competitiveness depend on getting data security right—now’s the time to start.

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FTC Settles With Two Websites Over Lack Of Consumer Data Security

PYMNTS

They are also barred from selling, sharing or collecting any personal information until they implement a comprehensive data security program and obtain independent biennial assessments of this program. They must also provide an annual certification of compliance to the FTC. million consumers, including around 500,000 U.S.

FTC
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Enhancing Data Security: How Exact Payments Protects Onboarding Data

Exact Payments

The encrypted data is then written to our database. This means that data like social security numbers, driver’s license numbers, passport details, and bank information will never be stored in the clear and will always be encrypted and protected.

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Data Security Needs National Standards, Panelists Tell House Subcommittee

PYMNTS

In the wake of breaches that have compromised the data of millions of Americans and companies as far-flung as Equifax and Uber, industry observers and participants told a House subcommittee on Wednesday that data security should be standardized at a national level.

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The Equifax breach: A much needed catastrophe

Payments Source

The incident can and should be a turning point for the financial services industry that it needs to end its reliance on static personal identifiers like Social Security numbers and birth dates. It's not just Equifax that needs to worry.