Use the comparison tool below to compare the top Data Tokenization software on the market. You can filter results by user reviews, pricing, features, platform, region, support options, integrations, and more.
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Titaniam
Titaniam
Titaniam provides enterprises and SaaS vendors with a full suite of data security controls in one solution. This includes highly advanced options such as encrypted search and analytics, and also traditional controls such as tokenization, masking, various types of encryption, and anonymization. Titaniam also offers BYOK/HYOK (bring/hold your own key) for data owners to control the security of their data. When attacked, Titaniam minimizes regulatory overhead by providing evidence that sensitive data retained encryption. Titaniam’s interoperable modules can be combined to support hundreds of architectures across multiple clouds, on-prem, and hybrid environments. Titaniam provides the equivalent of at 3+ solutions making it the most effective, and economical solution in the market. Titaniam is featured by Gartner across multiple categories in four markets (Data Security, Data Privacy, Enterprise Key Management, and as a Cool Vendor for 2022). Titaniam is also a TAG Cyber Distinguished Vendor, and an Intellyx Digital Innovator for 2022. In 2022 Titaniam won the coveted SINET16 Security Innovator Award and was also a winner in four categories for the Global Infosec Awards at RSAC2022. -
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Enhance customer security, decrease compliance challenges, and maintain the agility and autonomy needed to run your business effectively by utilizing single- and multi-use tokens offered by ACI. ACI’s omni-tokens are versatile, working seamlessly across various channels and accommodating both card and alternative payment methods. These omni-tokens effortlessly connect customers to their tokenized payment options while safeguarding their sensitive personal information. Tokenization represents a crucial component of data security, and it is complemented by point-to-point encryption (P2PE), which secures sensitive cardholder data at the terminal level. Cybercriminals often target payment information as it moves from the payment terminal to the processor, making this protection essential. By integrating tokenization with P2PE, you can ensure comprehensive security for customer data at every interaction point, creating a robust defense against potential breaches. This dual approach not only enhances security but also builds trust with your customers, ultimately benefiting your business's reputation.
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AuricVault® Tokenization
Auric Systems International
$300 per yearThe AuricVault® tokenization service protects your critical financial and personal information by securely storing that data and substituting it with a token. These tokens consist of random combinations of letters and numbers that bear no correlation to the actual stored data. Even if someone were to obtain all your tokens, they would still be unable to access any of your sensitive information. This process of tokenization achieves what is known as data separation, which ensures that no single entity possesses all the data at once. Auric's tokenization solution allows for granular permissions, enabling one or more authorized parties to access the sensitive tokenized information. Depending on your specific business model, implementing the AuricVault® tokenization service may also help to keep your systems and servers outside of PCI compliance requirements. By utilizing this service, we assist businesses in safeguarding billions of dollars and facilitating millions of transactions in a secure, efficient, and straightforward manner. Ultimately, our commitment is to bolster your security posture while simplifying the complexities of data management. -
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EncryptRIGHT
Prime Factors
$0EncryptRIGHT simplifies the application-level data protection by separating data protection policies and application programming. This allows for a complete separation between information security, application programming, and data security. EncryptRIGHT uses a Data Security Governance approach to define and enforce how data is protected. It also determines who can access the data and what format it will take once access is granted. The unique Data-Centric Security Architecture allows information security professionals to create an EncryptRIGHT Data Protect Policy (DPP) and bind it to data, protecting it no matter where it is stored, used, moved, or stored. Programmers don't need to be experts in cryptography to protect data at the application level. They simply configure authorized applications to call EncryptRIGHT to request that data be appropriately secured or unencrypted according to its policy. -
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Acra
Cossack Labs
$10000 per yearSimplifying data leakage prevention in your application is now easier than ever with the Acra encryption suite, which offers robust data protection for distributed systems, as well as web and mobile applications, utilizing PostgreSQL, MySQL, and KV backends through targeted encryption methods. The encryption of sensitive and personal information is not only a regulatory requirement under laws such as GDPR, HIPAA, CCPA, and PCI DSS but also aligns with the best practices established within the industry. Nonetheless, incorporating cryptography into distributed applications can often prove to be a complex endeavor, frequently resulting in limited security benefits and various architectural compromises. Acra aims to transform this landscape by offering a singular solution that encompasses nine essential data security controls, designed to effectively reduce data leakage risks while ensuring comprehensive defense mechanisms throughout the entire data lifecycle in the application. The integration of Acra is straightforward, requiring minimal changes to your existing codebase, and it enhances data security while decreasing mean time to detection (MTTD) and mean time to recovery (MTTR). Additionally, Acra equips developers with an integration library that enables the encryption of any record using keys from AcraServer, further streamlining the security process. Ultimately, Acra is positioned as a vital tool for any organization striving to maintain data integrity and compliance in today's digital landscape. -
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ALTR
ALTR
$10 per user per monthSnowflake makes it easy to manage sensitive data quickly and easily. This will allow you to get more value in less time than waiting months. ALTR allows you to automatically classify sensitive data by checking a box on import. You can add controls such as data masking using a drop-down menu. From a single screen, you can set alerts and limits for data access by user, amount and IP address. There are no extra costs or hassles on the prem, no proxies that can be broken with platform changes, and no managed services disguised under SaaS. ALTR was created in the cloud and integrates seamlessly with platforms such as Snowflake. ALTR's complete control over data allows you to visualize data usage, detect anomalies, alert on them, block threats, and tokenize important data. All your data is protected. ALTR is cloud-based so there's no upfront cost. You can start ALTR for free and then upgrade as necessary. -
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Livesight
Livesight, a Spring Labs company
$.10BusinessMatch+ offers 40+ additional business attributes, including tax liens, judgments, UCC filings (Uniform Commercial Code), revenue, employee count and normalized company names, as well as layoff notifications. Scores and attributes that can be used to predict macro- and microeconomic disruptions. Reduce the number of verification referrals, by predicting income overstatement probabilities at the time of the application. Livesight's secure network technology allows you to access the verification work that your peers have already completed. Layoffs, upcoming unemployment, macro and microeconomic disruptions by industry and geography. Predict whether an employer will be affected by future disruptions. -
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Protegrity
Protegrity
Our platform allows businesses to use data, including its application in advanced analysis, machine learning and AI, to do great things without worrying that customers, employees or intellectual property are at risk. The Protegrity Data Protection Platform does more than just protect data. It also classifies and discovers data, while protecting it. It is impossible to protect data you don't already know about. Our platform first categorizes data, allowing users the ability to classify the type of data that is most commonly in the public domain. Once those classifications are established, the platform uses machine learning algorithms to find that type of data. The platform uses classification and discovery to find the data that must be protected. The platform protects data behind many operational systems that are essential to business operations. It also provides privacy options such as tokenizing, encryption, and privacy methods. -
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VGS Platform
Very Good Security
The VGS Vault allows users to securely store their tokenized data. This secures your most sensitive data. There is nothing to be stolen in the event of a breach. It's impossible to hack what isn't there. VGS is the modern approach in data security. Our SaaS solution allows you to interact with sensitive and regulated data while avoiding the responsibility of protecting it. You can see the interactive example of how VGS transforms data. You can choose to hide or show data by choosing Reveal or Redact. VGS can help you, whether you're a startup looking for best-in-class security or an established company seeking to eliminate compliance as a barrier to new business. VGS assumes the responsibility of protecting your data, eliminating any risk of data breaches, and reducing compliance overhead. VGS layers protection on the systems for companies that prefer to vault their data. This prevents unauthorized access and leakage. -
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HashiCorp Vault
HashiCorp
Ensure the protection, storage, and stringent management of tokens, passwords, certificates, and encryption keys that are essential for safeguarding sensitive information, utilizing options like a user interface, command-line interface, or HTTP API. Strengthen applications and systems through machine identity while automating the processes of credential issuance, rotation, and additional tasks. Facilitate the attestation of application and workload identities by using Vault as a reliable authority. Numerous organizations often find credentials embedded within source code, dispersed across configuration files and management tools, or kept in plaintext within version control systems, wikis, and shared storage. It is crucial to protect these credentials from being exposed, and in the event of a leak, to ensure that the organization can swiftly revoke access and remedy the situation, making it a multifaceted challenge that requires careful consideration and strategy. Addressing this issue not only enhances security but also builds trust in the overall system integrity. -
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Enigma Vault
Enigma Vault
Enigma Vault serves as your easy solution for payment card data and file tokenization and encryption, boasting PCI level 1 compliance and ISO 27001 certification. Handling the encryption and tokenization of data at the field level can be incredibly challenging, but Enigma Vault simplifies this process significantly. By effectively managing the heavy lifting, it allows you to transform an extensive and expensive PCI audit into a straightforward SAQ. By utilizing token storage instead of keeping sensitive card data, your security risks and PCI scope are substantially reduced. With the implementation of cutting-edge technologies, searching through millions of encrypted entries is accomplished in mere milliseconds. Our fully managed service is designed to grow alongside your requirements, ensuring that Enigma Vault accommodates data of all types and sizes seamlessly. You receive authentic field-level protection, as it enables you to substitute sensitive information with a token. Enigma Vault not only provides a range of services but also alleviates the burdens associated with cryptography and PCI compliance. You can finally put aside the hassle of managing and rotating private keys while avoiding the complications of intricate cryptographic processes, allowing you to focus on your core business operations. -
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Ubiq
Ubiq Security
$0.001 per encryptEnsure that your most confidential information is encrypted prior to leaving the application, meaning that only ciphertext is visible to the storage layer and potential attackers. Implementing application-native client-side encryption safeguards data from advanced threats, supply-chain vulnerabilities, and insider risks. Traditional at-rest encryption solutions, such as transparent disk encryption and full disk encryption, fail to protect against contemporary threats, as they provide administrators, key processes, and attackers with implicit access to unencrypted data due to their privileged status. By addressing this security gap, you can unify the efforts of engineering, security, and compliance teams through Ubiq’s developer-centric encryption-as-code platform. This platform offers lightweight, prebuilt code and open-source encryption libraries that seamlessly integrate into any application, enabling native client-side encryption while simplifying key management with a set-and-forget approach. Ultimately, enhancing your security posture requires a proactive strategy that prioritizes confidentiality at the source. -
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Rixon
Rixon
$99 per monthEnhance your data security and address privacy issues with the swift, cloud-native vaultless tokenization platform. Understanding that your organization not only meets but surpasses compliance standards provides you with the necessary tranquility to concentrate on what truly matters for your enterprise. Companies today are grappling with rising operational expenses, the looming threat of ransomware, and persistent compliance evaluations. Rixon empowers you with confidence and security, allowing you to showcase the value of your business to the world effectively. The Rixon privacy platform is designed to drive favorable business results by equipping organizations with essential tools to manage security, compliance, and privacy initiatives for both the organization and its supported applications. By utilizing our innovative patented tokenization technique, Rixon effectively eradicates the risk of sensitive data exposure within your applications. Sensitive data is safely captured and transformed into intelligent security tokens, creating a robust defense against unauthorized access to your information. This comprehensive approach not only protects your data but also strengthens your overall business resilience. -
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OpenText Voltage SecureData
OpenText
Protect sensitive information at every stage—whether on-site, in the cloud, or within extensive data analytic systems. Voltage encryption provides a robust solution for data privacy, mitigates the risks associated with data breaches, and enhances business value through the secure utilization of data. Implementing effective data protection fosters customer trust and ensures adherence to international regulations such as GDPR, CCPA, and HIPAA. Privacy laws advocate for methods like encryption, pseudonymization, and anonymization to safeguard personal information. Voltage SecureData empowers organizations to anonymize sensitive structured data while still allowing its use in a secure manner, facilitating business growth. It's essential to guarantee that applications function on secure data that moves seamlessly through the organization, without any vulnerabilities, decryption requirements, or negative impacts on performance. SecureData is compatible with a wide array of platforms and can encrypt data in various programming languages. Additionally, the Structured Data Manager incorporates SecureData, enabling companies to protect their data efficiently and continuously throughout its entire lifecycle, from initial discovery all the way to encryption. This comprehensive approach not only enhances security but also streamlines data management processes. -
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Baffle
Baffle
Baffle delivers comprehensive data protection solutions that secure data from any origin to any endpoint, allowing organizations to manage visibility over their information. Companies are continually facing cybersecurity challenges, including ransomware attacks, alongside the potential for losing their data assets in both public and private cloud environments. Recent changes in data management regulations and the necessity for enhanced protection have transformed the methods by which data is stored, accessed, and analyzed. By recognizing that data breaches are inevitable, Baffle aims to make such incidents insignificant, offering a crucial layer of defense that guarantees unprotected data remains inaccessible to malicious actors. Our solutions are designed to secure data right from its inception and maintain that security throughout its processing stages. With Baffle's dynamic data security framework applicable to both on-premises and cloud environments, users benefit from various data protection options. This includes the ability to safeguard information in real-time as it transitions from a source data repository to cloud databases or object storage, thereby enabling the safe handling of sensitive information. In this way, Baffle not only protects data but also enhances the overall trust in data management practices. -
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Sotero
Sotero
Sotero stands out as the pioneering cloud-native platform for zero trust data security, seamlessly integrating your entire security infrastructure into a singular, user-friendly system. Utilizing a sophisticated data security fabric, the Sotero platform guarantees that your sensitive information remains consistently safeguarded. It automatically secures all instances of data and applications, irrespective of their origin, location, or stage in the data lifecycle—whether at rest, during transit, or in active use. By adopting Sotero, you transition from a disjointed and complicated data security framework to a cohesive security fabric that offers comprehensive management of your entire data security landscape. This innovation eliminates the need to rely on multiple point solutions to monitor data access, as it delivers governance, audit trails, visibility, and complete control through a unified interface. Furthermore, the Sotero platform is capable of protecting any data asset, regardless of where it is stored, including relational databases, unstructured, semi-structured, or structured data, whether on-premises or hosted in the cloud, ensuring robust security across all environments. With Sotero, organizations can confidently navigate their data security challenges while maintaining a holistic view of their security posture. -
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OmniToken
FIS
OmniToken employs cryptographic key management techniques that align with established industry standards like PCI DSS and PCI Point-to-Point Encryption (P2PE). By adhering to best practice security standards, it greatly mitigates the risks associated with card data theft. OmniToken operates seamlessly within both in-store and online payment environments. It integrates effortlessly with various Worldpay services, encompassing account updates, fraud prevention, recurring billing, and back-office operations. Additionally, OmniToken’s flexibility and compatibility with third-party service providers enable it to address the intricate requirements of your business effectively. This adaptability ensures that enterprises can maintain robust security while optimizing their payment processes. -
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SecurDPS Enterprise
comforte AG
Safeguarding the transfer and utilization of data from the moment it is captured until its eventual disposal minimizes the risks of attacks, accidents, mistakes, or unauthorized access. The primary aim is to achieve these protective measures throughout the entire lifecycle of the data, facilitating quicker compliance with relevant regulations. To implement data-centric security effectively, a platform is required that not only provides protection strategies tailored to specific scenarios but also allows for the identification, classification, and analysis of various datasets. This solution should go beyond mere compliance and basic security standards, delivering optimal agility in the process. Additionally, it must support seamless integration of these features into existing enterprise applications and cybersecurity frameworks. The simplicity of integration can often play a crucial role in influencing the overall cost and risk associated with any initiative aimed at data protection, emphasizing its importance in the decision-making process. Ultimately, prioritizing a robust integration strategy can significantly enhance the effectiveness of security measures and contribute to a more resilient data management approach. -
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FIS Tokenization
FIS
The solution ensures the protection of card payments universally by masking critical cardholder information at all times. FIS® Tokenization™ provides dynamic encryption for card transactions, guaranteeing top-notch security whether customers are purchasing online, using their mobile devices, or shopping in physical stores. By substituting sensitive cardholder details with distinct tokens that are not traceable back to the original cardholder or their accounts, our payment tokenization solutions facilitate easier adherence to the Payment Card Industry Data Security Standard (PCI DSS), enhance the safety of cardholders, and effectively manage your associated risks. By using a unique token to replace sensitive card information, the risk of fraud is significantly minimized. Additionally, this enables cardholders to effortlessly and securely load their card credentials into various payment applications. Moreover, it simplifies compliance requirements by limiting the number of systems that need to be included under PCI DSS regulations, thereby streamlining the entire process for businesses. This innovative approach not only enhances security but also promotes a smoother experience for both merchants and customers alike. -
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ShieldConex
Bluefin
Implement tokenization for primary account numbers (PAN) and related personally identifiable information (PII) or protected health information (PHI) to ensure adherence to regulations that govern the management of sensitive data. This strategy allows for a reduction in PCI DSS scope across various channels and with trusted third-party partners. By employing tokenization at the point of data entry, your organization can adapt to the ever-changing landscape of security requirements. The ShieldConex platform offers a vaultless and format-preserving tokenization solution for each data component, including critical payment information such as credit or debit card PAN, expiration date, CVV, and cardholder name. This approach helps to unify the payment experience not only across different businesses but also across various locations and channels, encompassing mobile, online, and in-store transactions. Embracing such a comprehensive strategy enhances both security and customer trust in your services. -
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Visa Token Service
Visa
The Visa Token Service is designed to facilitate the creation and maintenance of digital payment experiences while ensuring the protection of consumers' sensitive data from fraudulent activities. As the demand for mobile payment options grows among consumers, Visa Token Service offers three vital resources to help businesses satisfy this need. Visa provides comprehensive standards, specifications, and development tools, along with ready-to-use mobile solutions, enabling partners to create and implement their own tokenized applications for cardholders. By collaborating with us, you can develop your own mobile payment application utilizing the Visa Token Service SDK, which allows for direct integration with token management systems. As contactless mobile transactions pave the way for a new era of digital payments, Visa Token Service simplifies and secures this process. Leveraging Near Field Communication (NFC) technology and Visa PayWave, making secure purchases becomes as effortless as a mere wave of the hand. This innovation allows for seamless and convenient purchases on the go, particularly with compatible iOS devices, enhancing the overall consumer experience in the digital payments landscape. Embrace the future of transactions with confidence and ease. -
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TrueZero Tokenization
Spring Labs
TrueZero offers a vaultless data privacy API that substitutes sensitive personally identifiable information (PII) with tokens, enabling organizations to lessen the effects of data breaches, facilitate safer data sharing, and reduce compliance burdens. Our tokenization technology is utilized by top financial institutions. No matter where or how PII is utilized, TrueZero Tokenization effectively secures and replaces that information. This allows for more secure user authentication, information validation, and profile enhancement without disclosing sensitive data such as Social Security Numbers to partners, internal teams, or external services. By minimizing your environments that require compliance, TrueZero can significantly expedite your compliance timeline, potentially saving you millions in development or partnership expenses. With data breaches averaging $164 per compromised record, tokenizing PII is crucial for safeguarding your organization against penalties related to data loss and damage to your brand’s reputation. You can store tokens and perform analytics just as you would with unaltered data, ensuring both functionality and security. In today’s data-driven world, this approach not only enhances privacy but also fosters trust with clients and stakeholders alike. -
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Adaptive
Adaptive
Adaptive is a robust data security platform aimed at safeguarding sensitive data from exposure across both human and automated entities. It features a secure control plane that allows for the protection and access of data, utilizing an agentless architecture that does not demand any network reconfiguration, making it suitable for deployment in both cloud environments and on-premises settings. This platform empowers organizations to grant privileged access to their data sources without the need to share actual credentials, thereby significantly bolstering their security stance. Additionally, it supports just-in-time access to an array of data sources such as databases, cloud infrastructure, data warehouses, and web services. Furthermore, Adaptive streamlines non-human data access by linking third-party tools or ETL pipelines through a unified interface, while ensuring data source credentials remain secure. To further reduce the risk of data exposure, the platform incorporates data masking and tokenization techniques for users with non-privileged access, all while maintaining existing access workflows. Moreover, it ensures thorough audibility by providing identity-based audit trails that cover all resources, enhancing accountability and oversight in data management practices. This combination of features positions Adaptive as a leader in the realm of data security solutions. -
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Fortanix Data Security Manager
Fortanix
A data-first approach in cybersecurity can minimize costly data breaches and speed up regulatory compliance. Fortanix DSM SaaS is designed for modern data security deployments to simplify and scale. It is protected by FIPS 140-2 level 3 confidential computing hardware, and delivers the highest standards of security and performance. The DSM accelerator can be added to achieve the best performance for applications that are latency-sensitive. A scalable SaaS solution that makes data security a breeze, with a single system of record and pane of glass for crypto policy, key lifecycle management, and auditing. -
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Skyflow
Skyflow
Skyflow allows you to run workflows, logic, and analytics on encrypted data. Skyflow uses multiple encryption and tokenization methods to ensure maximum security. With auditable logs, provenance, and data residency, you can manage access to your data and policy enforcement. Compliance is possible in minutes, not weeks. It's easy with our trusted infrastructure and simple REST or SQL APIs. Tokenization is required for compliance. An encrypted data store allows you to search, analyze, and make use of secure data. Skyflow can be run in any virtual private cloud you prefer. It can be used as a secure gateway, zero trust storage, and many other purposes. Replace a difficult-to-maintain patchwork of point solutions with a single cost-effective data vault. You can use your sensitive data in any application or workflow without ever having to decrypt it.
Data Tokenization Software Overview
Data tokenization software is an essential security tool, used to protect sensitive data by replacing it with non-sensitive versions of the same data. This process is known as tokenization and is like encryption in that it scrambles the information to ensure it can only be accessed by the person(s) who have access rights to it.
Tokenization works by taking a unique string of data – like a credit card or bank account number – and replacing it with a randomly generated token. This new token has no meaning outside of its system, making it impossible for anyone without access rights to the original string of data to use or even comprehend what they’re looking at. The random nature and short length of the token also make brute force attacks (attempting every possible combination to guess a code) useless.
Once a token is created, it’s stored in either an on-premises database or cloud-based repository that's accessible only through sophisticated authentication procedures such as two-factor authentication, public key infrastructure, or biometric technology. The tokens are then linked back up to the original strings of data using secure algorithms and encryption keys so that when those with authorized access need information from them, they can get them quickly and securely. Any requests for access are managed through robust permission structures which protect against unauthorized requests.
The benefit of this type of technology is that while you may still store sensitive information on your systems or networks, there is no way anyone can gain direct access to them unless they have authorization from someone within your organization who has been granted those permissions. Data Tokenization Software helps companies ensure their customers' personal information remains safe from prying eyes, while allowing businesses to maintain compliance with industry regulations and standards like Payment Card Industry Data Security Standard (PCI DSS). It also delivers performance benefits since most transactions are completed faster due to not needing real payment info for processing payments; instead transaction time is reduced because they just require tokens instead.
In a nutshell, Data Tokenization Software is an important security tool for any company that needs to store and protect sensitive data. Not only does it help keep customer information safe from hackers, but it also gives businesses peace of mind knowing that their data is secure and compliant with industry standards.
Reasons To Use Data Tokenization Software
- Data tokenization software enhances data security by replacing sensitive information such as credit card numbers with random values known as tokens. This makes it much harder for hackers to access real customer details if they were to gain access to the database.
- Tokenization can help reduce fraud by allowing entities to store sensitive payment information without actually having access or possession of that data. For example, a merchant could use tokenization technology to accept and store payment information from customers without ever seeing their actual credit card numbers themselves.
- Organizations can also benefit from using data tokenization software in that they do not have to maintain separate systems for storing personally identifiable information (PII) or confidential customer data, which could be an added cost and resource burden on the organization.
- Tokenized transactions are also much faster than traditional ones, since all of the necessary authentication takes place in the background through secure encryption protocols over dedicated networks, rather than relying on manual confirmation via fax or phone call between merchants and banks/card issuers, as is typically required for traditional transactions.
- Finally, tokenized payments enable more efficient batch processing of payments when used alongside integrated point-of-sale systems such as those found in retail stores and restaurants since there is no need for manual checkout or inputting of customer info – everything can be done right at the register with just a few clicks of a button. This greatly reduces the time required to process customers’ transactions.
The Importance of Data Tokenization Software
Data tokenization software plays an important role in protecting sensitive information from potential breaches or other malicious activities. It works by replacing sensitive data with a unique identifier or “token” that is meaningless to anyone who does not have access to the original data. This process helps organizations comply with security regulations and protects their customers' information from falling into the wrong hands.
By using tokenization, organizations can limit who can view the sensitive data while still allowing third parties access to it when necessary for legitimate business purposes. Tokenized data also supports audit trails and traceability, since all of the activity associated with a particular token can be easily tracked and logged. This makes it much easier for companies to meet regulatory requirements related to data privacy, such as GDPR or HIPAA.
Furthermore, the use of tokens ensures that stored credit card numbers are secure even if a system containing them is hacked. Since hackers will never know exactly what type of information each token corresponds to, they won't be able to access any real customer data if they gain control over one of these systems. Thus, using tokenization software helps protect customers' financial information and reduces the risk of identity theft and fraud.
In conclusion, data tokenization software plays an important role in keeping customer information safe by masking it behind meaningless tokens that cannot be linked back to any individual user or their personal details without authorization. This process provides advanced levels of fraud prevention while helping organizations meet security regulations and provide added assurance to their customers that their privacy is being protected at all times.
Features of Data Tokenization Software
- Encryption: Data tokenization software provides a layer of security by encoding, or encrypting, sensitive data so that it is unable to be read in plain text. This ensures that only authorized personnel are able to access the information.
- Data Masking: Tokenization also provides data masking capabilities which limits visibility of confidential data to only those with sufficient privileges. This obscures and hides the real information from unauthorized users while maintaining accurate data for analysis purposes.
- Record Level Access Control: Tokenization solutions provide granular control over who may have access to different records within a system and make sure that only the necessary personnel can view specific types of records or particular instances of these records based on permission levels established by the organization itself.
- Centralized Management: Tokenization offers a centralized approach to administering access across multiple systems and databases, allowing organizations to take back control over their valuable assets and keep them secure from potential attacks as well as malicious insider activity.
- Automated Compliance Auditing: Tokenized solutions provide automated compliance reporting for auditors so they can easily demonstrate that an organization’s security policies are being adhered to at all times, minimizing overhead when preparing for audits due to regulations such as SOX, HIPAA, PCI DSS, etc. These reports can also help detect suspicious activity which may indicate attempted breaches or malicious user activity against system resources and databases with sensitive data stored within them.
- Improved Application Performance: Tokenized solutions can help improve overall application performance by providing a single source of authentication for accessing a system’s data. This ensures that users don’t have to manually log in each time they need to access data, which reduces the risk of potential unauthorized access and improves performance as a result.
Who Can Benefit From Data Tokenization Software?
- Businesses: Data tokenization software can help companies protect their sensitive data and reduce the chances of a data breach. It also helps businesses streamline their workflow, as tokenized data can be used to quickly create and share information across multiple systems.
- Individuals: Tokenization technology can be used by consumers to securely store financial information, like credit card numbers or bank account details. This helps individuals keep their information safe from identity thieves and fraudsters.
- Developers: Developers use data tokenization software to create secure code that is resistant to reverse engineering or hacking attempts. This ensures that only authorized personnel have access to confidential customer information.
- Enterprise Security Professionals: Enterprises rely on tokenization tools to secure applications and systems throughout the organization, helping them mitigate risk and comply with industry security standards without compromising performance or convenience.
- Medical Services Providers: Data tokenization software allows medical service providers to safely store medical records and other patient information without sacrificing privacy or breaching HIPAA regulations.
- Financial Institutions: By using a secure algorithm for encrypting account numbers during transactions, banks and financial institutions can ensure that customer information is protected from unauthorized access while complying with industry regulations at the same time.
- Internet of Things (IoT) Device Makers: Tokenization tools can be used to secure the data that is transferred between different IoT devices, ensuring that data remains protected from malicious actors.
- Retailers: Retailers can use tokenization technology to protect customer data, especially in cases where customers make online payments or provide personal information. This helps reduce the chances of a data breach and maintains customer trust.
How Much Does Data Tokenization Software Cost?
The cost of data tokenization software can vary greatly, depending on the specific features and capabilities you require. Generally speaking, basic offerings usually start at around $100 per month for basic features, such as tokenizing credit card numbers or Social Security numbers. Mid-level plans may start at around $400 per month and can include more advanced features like token mapping and detailed logging. Higher-end enterprise solutions may be priced on a case-by-case basis and could range from $2,000-$20,000 or more depending on the scope of the project. In addition to monthly subscription fees, some providers may also charge additional setup fees or annual maintenance fees. Ultimately, investing in quality data tokenization software is an important component when it comes to ensuring optimal security measures are in place to protect sensitive information from potential breaches and other costly risks associated with cyber threats.
Risks To Be Aware of Regarding Data Tokenization Software
- Data tokenization software can be vulnerable to cyber attacks. Hackers can target the tokenization process and attempt to capture raw data, putting users at risk of identity theft and financial fraud.
- Tokenization can cause problems with compliance when trying to access original data since tokens are purposefully restricted from providing access to the source material.
- Fragmenting the data among multiple payment systems increases complexity in transaction processing, which could lead to errors and delays in handling payment transactions.
- A lack of security standards within the tokenization industry may leave businesses exposed if a provider fails or goes out of business.
- Tokenization solutions that use hardware/software encryption may be difficult and costly for companies to maintain over time.
- Tokens can be used to track user behavior, exposing users to risk of privacy violations.
- Tokenization applications may be subject to compliance and legal requirements, making them resource-intensive and difficult to maintain.
Data Tokenization Software Integrations
Data tokenization software can integrate with a variety of different types of software. For example, it can be integrated with enterprise resource planning (ERP) systems, customer relationship management (CRM) systems, supply chain management (SCM) systems, and other complex data-driven applications. Additionally, it can be integrated with payment processing services to provide secure payments for online businesses. Finally, data tokenization software can integrate with analytics platforms to gain insights into consumer behavior and trends. All of these integrations help to ensure secure data management and protect important customer information from malicious attacks.
Questions To Ask When Considering Data Tokenization Software
- What is the security of the software? Are there any measures in place to protect data stored by the tokenization system from malicious actors?
- Is the data tokenization system scalable and capable of handling large datasets?
- Does the software provide control over which entities can access or modify specific elements of my data?
- Are there audit logs available to track activity on my data within the system?
- What types of user authentication are supported by the system, if any? How secure is this authentication process?
- Is support provided for multiple platforms and/or languages allowing for a broad range of compatibility across different systems/architectures?
- Does the software provide encryption capabilities for extra protection against unauthorized users and malicious actors attempting to access tokenized information in transit or at rest?
- How easy is it to integrate with existing IT infrastructure and other applications that work with sensitive data such as databases, storage servers, cloud services, etc.?
- Is the data tokenization system compliant with industry regulatory standards such as PCI-DSS, GDPR, or HIPAA?
- What is the cost of implementation and maintenance for the system? Are there any volume discounts or other cost savings available?
- What customer support and training are provided to ensure proper use of the software?
- Does the data tokenization system offer additional features such as anonymization, pseudonymization and other privacy enhancing technologies?