• Identity theft accounted for 69% of all data breaches.
• US $20 is the average price for a stolen identity record.
• Despite 45% of American companies that had a ransomware breach paying-off the hackers only 26% of them had their data released.
• A Data breach is one of the top 3 causes of brand damage.
• Tokenization removes the ability to use data when a network is breach
• US $148 cost per Stolen Record Global Average
• $233 per Capita Cost in the U.S.
• $7.9M per Data Breach in the U.S.
• $4.2M lost business
source: Ponemon 2018 Cost of a Data Breach
• 1 out of 4 will experience a breach
• 668 Data Breaches in U.S. in 2018
• 22.4MM Compromised Records
Tokenization and encryption are often mentioned together as means to secure information when it’s being transmitted on the Internet or stored at rest. In addition to helping to meet your organization’s own data security policies, they can both help satisfy regulatory requirements such as those under PCI DSS, EU GDPR or the Australian Privacy Act and Regulations.
While tokenization and encryption are both effective data obfuscation technologies, they are not the same thing, and they are not interchangeable - and of course you can use both in your efforts to protect your data. Each technology has its own strengths and weaknesses, and based on these, one or the other should be the preferred method to secure data under different circumstances. In some cases, such as with electronic payment data, both encryption and tokenization are used to secure the end-to-end process.
•Completely removes sensitive data from ecosystem
•Reduces complexity for companies with flat networks
•Supports burst peak times with horizontal and vertical scalability.
Cloud Saves Money
•Provides data security at a lower cost than buying or building in-house solution
•Reduces hardware, maintenance & personal costs
•Volume-Based Pricing; no transactional, maintenance, or support fees.
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