As commerce and financial transactions expand to web sites, mobile apps, and globally distributed call centers, so grows the need to ensure that sensitive data cannot be stolen—whether in transit over the internet or flowing through internal business systems. But in the last decade, the theft of financial, personal, and healthcare related data has made headlines around the world. The increasing number of successful data thefts by very sophisticated international hacker groups and government-sponsored industrial espionage organizations highlights the increasing need to protect financial, personal, health, and product information.
TokenEx was founded by two security experts—Alex Pezold and Dr. Jerald Dawkins—to combat data theft while helping organizations reduce the costs associated with Payment Card Information (PCI) compliance. What started as an efficient and effective method of replacing payment card data with undecipherable tokens, rapidly evolved into a strategic platform as a service (PaaS) for data security. By integrating four key technologies—tokenization, encryption, data vaulting, and key management—with a highly secure cloud-computing platform, TokenEx has grown rapidly, becoming the choice tokenization vendor for data security.
Why a Security Platform is Key to Protecting All Data Types
The rapid evolution of cloud computing provides organizations with lower-cost, high- availability computing resources (infrastructure as a service), as well as software as a service (SaaS) ranging from manufacturing resource planning, customer support, sales management, financial services, and e-commerce. Now TokenEx brings data security as a service (dSaaS) to the cloud. A cloud platform for data security is TokenEx’s key differentiator among the providers of payment processor tokenization, data encryption solutions, and on-premise data security technologies.
Alex and Jerald took the road less travelled when designing the TokenEx Cloud Security Platform. Having previously worked with device-centric security systems, they knew that the hardware that interfaces with payment cards would always be just one part of the security equation. By acknowledging the sophistication of data thieves, as well as the enormous resources behind state-sponsored hackers, the purest solution to avoiding data theft is—not to have any data to steal. It was a radically different approach compared to the traditional avenues of building thicker and higher firewalls to defend the data fortress—remove and store the data away from the target business. For payment data in particular, this solved two urgent problems: 1. greatly decreasing the costly scope of PCI compliance; 2. removing the risk of losing any data and the repercussions of lawsuits, financial fines, and adverse publicity that drives away customers.
The TokenEx Cloud Data Protection Platform provides tokenization, encryption, and data vaulting as a unified software as a service. Designed from the beginning to be payment processor and card-reader device agnostic, the cloud platform integrates transparently with your existing business processes and payment providers. In most cases, the integration with TokenEx is so seamless that your employees don’t even know it’s working in the background. Because the sensitive payment, personal, and health data is completely removed from your business systems, a successful breach by hackers and their malware bots results in no loss of data, just streams of tokens that are useless to them. All your data is safely vaulted in the secure cloud platform, ready to be processed on demand simply by swapping tokens for data as you interact with your payment providers and service partners.
Alex and Jerald continue to grow TokenEx with more services, expanding key partnerships, and providing hands-on consulting to ensure each client’s transition to tokenization is successful and customized to fit their business needs. Security is never a case of “one solution works for all organizations”. The TokenEx team makes sure that your business processes work as you need them to with secure data vaulting, tokenization, and open payment processor integration. With the capability to tokenize any type of data, not just payment card information, your organization need not fear the inevitable attack on your business.
Explore and Learn
This website is designed to help you learn about the TokenEx Cloud Security Platform and how it protects your organization’s sensitive data. But don’t take just our word for it. TokenEx has received multiple awards for its security innovations and has been highlighted in a myriad of trade periodicals on security and PCI compliance. The more you understand about tokenization, PCI compliance, working with payment processors and the many ways you can protect your sensitive business data, the better decisions you’ll make. Explore this site. Do your research. Then talk with us about how we can help.