In payments, tokenization is used for cybersecurity and to obfuscate the identity of the payment itself, essentially to prevent fraud. For a detailed description of tokenization in AI, see sidebar, “How does tokenization work in AI?”)
If the type of data being stored does not have this kind of structure – for example text files, PDFs, MP3s, etc., tokenization is not an appropriate form of pseudonymization. Instead, file-system level encryption would be appropriate. It would change the original block of data into an en...
Tokenization has existed since the beginning of early currency systems, with coin tokens long being used as a replacement for actual coins and banknotes. Subway tokens and casino tokens are examples of this, as they serve as substitutes for actual money. This is physical tokenization, but the co...
Tokenization is a security method in whichsensitive informationis exchanged for meaningless data, called tokens, which can be used internally in databases or other payment processor systems. Typically, tokens retain the length and format of the original data to make business processes more seamless. T...
How does tokenization look? It can be hard to envision what a token is or how this process looks. However, here is an example of an Ecommerce page where format-preserving tokenization (FPT) has been applied with Bluefin’s ShieldConex® data security platform. In format-preserving tokenizati...
Tokenization is used in computer science, where it plays a large part in the process of lexical analysis. In the crypto world, tokenization’s modern roots trace back to blockchain technology and standards like Ethereum’s ERC-20 and ERC-721, which standardized interoperable tokens. ...
Tokenization in a nutshell Payment Tokenization Example When a merchant processes the credit card of a customer, the PAN is substituted with a token.1234-4321-8765-5678is replaced with, for example,6f7%gf38hfUa. The merchant can apply the token ID to retain records of the customer, for exam...
Tokenization is a format-preserving, reversible data masking technique useful for de-identifying sensitive data (such as PII) at-rest. As tokenization preserves data formats, the de-identified data can be stored as-is in data stores. Applications that do not require the original value can use ...
Tokenization is the procedure that creates randomized tokens (individual words, phrases, or complete sentences) for use in other applications, such as data mining. Tokenization is an important aspect of business and data transactions because it essentially renders private customer information meaningless ...
All about tokenization, how to use it, tokenization vs. encryption, security best practices with tokenization, and more. - Jun 02, 2022 - By