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Tokenization vs. Encryption: Which is Better for Protecting Critical Data?

What is tokenization? Tokenization is the process of substituting a token (or data that does not have any significant value) for actual information. Tokens are randomly pulled from a database called a token vault to replace the real data. An example of this process sometimes occurs when an online business accepts payment from a customer. Suppose the transaction takes place using a third-party site like PayPal or Shopify. In that case, the third party site may disguise the credit card number wit...
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