Data tokenization: A new way of data masking

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While researchers examined the pandemic in relation to how companies managed to keep afloat in such an unprecedented situation, auditors assessed the increased data vulnerability, lack of data compliance, and costs incurred by such events. As businesses were forced to adapt new styles of working and adapt technologies, they struggled to meet security compliance standards like the General Data Protection Regulation (GDPR) and lagged in responding to data breaches. An IBM report stated that data breaches now cost companies $4.24 million per incident on average – the highest cost in the 17-year h…

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