2020 has been a year like no other. In response to these unprecedented times, companies are needing help from wherever they can get it as they try to restart. This is why Very Good Security is announcing a special free tokenization solution offer.
Tokenization has been a hot topic in the payments industry for some time, now used by financial institutions in transaction processing all around the world. Companies implement tokenization systems to keep sensitive data, like credit card payment details, safe while still being able to store and use the information.
In the context of data protection, modern digital businesses realize the dangers that come with using sensitive information in its raw form. Figuring out a way to collect and use the original data without putting it at risk remains a challenge, and organizations must channel a lot of their resources into IT security that protects their users’ sensitive data like credit card numbers and other cardholder information.
With so many highly-publicized data breaches hitting newspaper headlines in recent years, including a massive Capital One data breach in 2019, it has become more important than ever to protect sensitive consumer data and limit its exposure to data leaks.
The next era of data security is already upon us, and it involves washing our hands of sensitive user data entirely.
Imagine a world where your business doesn’t have to worry about managing its own Payment Card Industry Data Security Standard (PCI DSS) compliance, simply because sensitive cardholder data never passes through your systems in the first place.
It’s a concept we call Zero Data.
The hard-to-face reality is that billions of personal records are exposed each year. A commonly used, yet incomplete solution, is tokenization. Tokenizing sensitive data does not eliminate the need to achieve and certify PCI DSS compliance.
In order to completely descope from PCI, a business can partner with a data custodian (VGS) that handles 100% of data capture and vaulting – removing any compliance risk and completely avoiding data leaks.