CREDIT CARD SECURITY: The Best Way to Secure Data Is Not to Store Data

Oder, J. D.
July 2008
Hospitality Upgrade;Summer2008, p31
Trade Publication
The article reflects on the implication and significance of tokenization to hotel and hospitality industry in the U.S. Eventhough tokenization technology offers its advantage and yet majority of companies are still resistant to its implementation. It reveals that the deployment of tokenization replaces credit card numbers with surrogate numbers, to reduce the scope of audit and minimize the risk by reducing the number of places where card data are retained. Most companies resist to the idea because they have already implemented data encryption and key management systems costing hundreds of thousands of dollars. Discussed are the details of its implication to the industry.


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