Theresa is Liaison’s Security Development Manager
Data security is everything to businesses, and protecting critical data at the source is one of the best ways to keep your business secure, instead of relying on firewalls and access control alone. In addition to focusing efforts on encryption and key management, businesses should also consider tokenization.
While the benefits of tokenization continue to gain mainstream mindshare, its reputation for being a costly investment has slowed adoption. However, businesses can save money by eliminating most of the up-front costs associated with implementing a tokenization solution, including software and hardware procurement.
Tokenization in general, whether on-premise or in the cloud, allows business to increase data security without also increasing the workload on IT. It offers reduced compliance scope and cost, centralized storage of encrypted data for minimized risk, and better accessibility via a web-based interface.
By using tokenization in the cloud – Tokenization-as-a-Service (TaaS) – specifically, businesses can also reduce PCI DSS scope, as credit cards are no longer stored on-site taking out the need for most systems, minimizing a business’ internal cardholder data environment and reducing the cost of compliance.
If you want to learn more about the benefits of TaaS, please join me for a webinar, “How to Reduce PCI Scope with Tokenization-as-a-Service” with Forrester principal analyst for Security and Risk, John Kindervag on Wednesday, Feb. 13 at 11am ET/8am PT. To register for the free webinar please click here.