Ever-rising cyber thefts make it imperative to properly secure any data transmitted over the Internet or stored on digital devices for later use. Recently encryption and tokenization are the most used methods that met all the regulatory requirements accepted by GLBA, PCI DSS, ITAR, HIPAA-HITECH, and the EU GDPR to secure confidential information whenever there’s a need to transmit such on the Internet.
Is Tokenization the Same as Encryption?
Interestingly, tokenization and encryption are not the same; though they are dynamic data securing technologies, they are not interchangeable. The technological makeup of each obfuscation technology has its strengths and weaknesses. Various situations at hand could dictate the one that should be the best choice—however, both encryption and tokenization secure the end-to-end process in a transaction such as electronic payment.