Tokenization is used to protect sensitive data, such as personal identifiable information (PII), by replacing the original data with a unique identifier, called a token. This process helps to secure sensitive data by preventing it from being disclosed or stolen in the event of a data breach. With Rixon, you can specially tailor the security by adding unique attributes to the data: data owner rights, geo-fencing, time to live, language, and numerous other unique attributes controlled by our clients as they build their unique tokens against their risk tolerance and the clients they serve in the markets they want to be. 

In data protection, tokenization works by first encrypting the sensitive data using a secure encryption algorithm. The encrypted data is then replaced with a random and unique token, which is stored in a secure tokenization system. The tokenization system acts as a mapping between the token and the original sensitive data. When the token is used in a transaction or a database, the system can retrieve the original data and use it for processing.

This approach provides a secure way to handle sensitive data as the tokens are useless to an attacker without access to the tokenization system, and the encrypted data is stored in a secure location that is separate from the processing systems.

Tokenization and encryption are both methods used to protect sensitive data, but they are different in how they achieve this protection.

Encryption is the process of converting plain text into an unreadable form using a secret key, and can only be decrypted with the same key. Encryption helps to secure sensitive data by making it unreadable to unauthorized individuals. However, encrypted data is still considered sensitive data, and must be properly secured, managed, and protected.

Tokenization, on the other hand, replaces sensitive data with tokens. The original sensitive data is stored in a secure location, separate from the processing systems, while the tokens are used in its place. Tokenization eliminates the need to manage, store, and protect sensitive data in the same way as encrypted data, as a token has no value outside the tokenization system.

In summary, encryption provides a way to secure sensitive data by making it unreadable, while tokenization provides a way to secure sensitive data by eliminating the need to manage it in its original form. Both methods provide security benefits, but tokenization is often seen as a simpler and more secure way to handle sensitive data.

Vaultless tokenization and encryption are two powerful data protection techniques that, when combined, provide unparalleled data security. Vaultless tokenization replaces sensitive data with tokens, making it unusable in the event of a data breach. This protects against data theft and exposure. Encryption, on the other hand, adds an extra layer of security by encoding data so that it can only be deciphered by authorized individuals.

By pairing vaultless tokenization with encryption, sensitive data is not only replaced with tokens, but it’s also encrypted, making it nearly impossible for unauthorized individuals to access or use it. This provides an extra layer of security, ensuring that sensitive data remains confidential and secure, even in the event of a data breach.

Encryption has a native weakness, (it can be cracked using math). By using our solution in conjunction with encryption, you get a solution that cannot be defeated even by a quantum computer.  With vaultless tokenization and encryption, companies can feel confident that their sensitive data is protected, while still being able to access and use it when necessary. This creates peace of mind, helps companies comply with privacy regulations, and protects against data breaches and cyber threats.