It’s Not ‘See You Later.’ It’s ‘Goodbye’: Moving on from Tokenization in the Age of Ransomware

Written by Arti Raman, CEO, Titaniam. Invented in 2001, tokenization addresses the risk of losing cardholder data from eCommerce platforms and remains the golden standard for protecting sensitive information.The concept was simple: Swap payment card numbers for substitute numbers, i.e., tokens, with a 1-1 correlation between a token and its underlying card. The token serves as a stand-in of the actual payment card number. Transactions flow through entire financial workflows without risking pa...

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