Welcome!

Agile Computing Authors: Pat Romanski, Zakia Bouachraoui, Elizabeth White, William Schmarzo, Liz McMillan

Blog Feed Post

What does tokenization mean for our European customers?

You may have seen the recent blog post from Charles Goldberg, which provides an overview of tokenization and our new product offering in this area.  Here in the UK and Europe, we’re seeing specific demand for these capabilities around three key areas, which I’d like to highlight here.

<ClickToTweet>: Euro and UK Applications for Tokenisation and Data Masking from @Vormetric http://bit.ly/1KH4mR5

PCI DSS

If an organisation has any need to handle payment card details, it must adhere to PCI compliance guidelines.  Although in many regards Europe is at the cutting edge of card security, where for some time chip & pin transactions have been the norm, there is still very high demand for solutions that will obfuscate card data in order to protect both customer and retailer should that data be breached.  Although this does not apply to retailers’ “physical” presence, as chip & pin actually eliminates the card and customer information by encrypting it as the transaction takes place, online and phone-based retail transactions still involve the exchange of sensitive information.  With tokenization – replacing cardholder information with tokens – retailers can significantly reduce the scope of very expensive PCI DSS audits.

Protecting Card Data with Tokenization and Dynamic Data masking

Data Residency

TokenizationThere are approximately 50 countries in Europe, all of which have their own laws and jurisdictions.  This means that data sovereignty is an incredibly important issue for this dense group of nations.  There are far too many individual reasons why any given organisation in any given European country may have strict requirements around where its data may physically reside or be duplicated, but with tokenization it is quite simple to ensure private data never leaves the local jurisdiction – only tokens.  Indeed, our ability to provide ‘Dynamic Data Masking’ would allow, for example, a call centre in one country to service customers with data stored in another while meeting strict data residency requirements; the source data remains in its home jurisdiction, and is “masked” – i.e. no sensitive information is shown to the call centre operator, or ever leaves the home jurisdiction.

EU Data Protection

Data Masking1There are several important data privacy regulations cited by our European customers, including the EU Data Protection Directive 1995, the E-Privacy Directive and the Data Protection Act 1998.  Across these legal mandates, organisations are required to ensure the protection of the likes of National Insurance numbers, credit card details, dates of birth and other private data stored in databases and big data environments.  Replacing any of this data with tokens will, as one would expect, limit your exposure.  There are also benefits to masking private data within a record from the view of those whose role does not require access to the full information.  Looking ahead, the adoption of a new General Data Protection Regulation this year may further drive demand for tokenization capabilities.

I’d be interested to hear your thoughts on applications and interesting use case of tokenization, and you can find out more about our approach, including data masking, here

Tools in the box

The post What does tokenization mean for our European customers? appeared first on Data Security Blog | Vormetric.

Read the original blog entry...

More Stories By Vormetric Blog

Vormetric (@Vormetric) is the industry leader in data security solutions that span physical, big data and cloud environments. Data is the new currency and Vormetric helps over 1400 customers, including 17 of the Fortune 30 and many of the world’s most security conscious government organizations, to meet compliance requirements and protect what matters — their sensitive data — from both internal and external threats. The company’s scalable Vormetric Data Security Platform protects any file, any database and any application’s data —anywhere it resides — with a high performance, market-leading data security platform that incorporates application transparent encryption, privileged user access controls, automation and security intelligence.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...