Tokenization is one of the optimum strategies used in computer science that allows sensitive data to be replaced by an identifying text string. In the concept of tokenization, this string is stored and known as token to help you keep the risk of exposing the original information at bay. No matter what industry we belong to, data plays a starring role everywhere, and helps us bridge the gap between our products and their prospective buyers. But, we can only reap its innumerable benefits, if it is stored per PCI requirements in a secured environment. Hence, the amalgamation of maintaining its secrecy and quick accessibility is one of the building blocks for any venture to stay ahead in today’s cut-throat competition.
The Hardware Security Modules (HSM) catered by Kryptoagile vouch for complete security of your data by helping you convert your sensitive data into secured tokens. Right after conversion, they can be exported or stored in a secured environment for reuse. In order to fetch the data back, the respective token is sent to the token database. Once the token is authenticated, the requested data is returned in a secured environment.
Tokenization has become extremely popular owing to its integration with multiple business verticals to safeguard their sensitive data. And, at times integrating it with any organization’s cryptographic infrastructure may become a daunting task. But, with Kryptoagile’s HSM devices, it becomes as easy as counting 1, 2, 3.
This eminent technology is majorly used in card based payment processing for various financial transactions. According to Payment Card Industry Data Security Standards (PCI DSS), the stored data of any cardholder needs to be in unreadable format. But, at times retailers, traders need the cardholder’s data if any transaction requires to process the request pertaining to refund, additional purchase, etc.