Lack of knowledge and understanding about tokens and ambiguity between encryption and tokenization among end users
Salus Cybersecurity System
Salus, your data guard
Wanna know more about Tokenization? Please Click Here
Statistically, the global cybersecurity market is expected to increase from USD 137.63 billion in 2017 to USD 248.26 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 10.2% during the forecast period. A good saying that ‘An ounce of prevention is worth a pound of cure.’ indicates the importance of Data Security and Data Protection that all organizations should realize, in order to avoid unnecessary losses and to boost business performance accordingly.
• 90% of the business leaders in Europe have already invested in contactless payment solutions(Gemalto)
• 82% of Taiwanese consumers have used contactless payments(VISA)
• MasterCard’s in-store contactless transactions were 61% in the Czech Republic, 41% in Poland, 27% in Hungary, and 27% in Slovakia (Mastercard)
• 66% of the cardholders in Australia have contactless cards that enable them to tap and pay(Association for FNC (professions)
• The volume of online payments has surged drastically as people are indoors and relying on online payments for shopping.
• In Italy, eCommerce transactions rose 81% in the end of February 2020
Currently, the adoption of APIs in the global data application environment has increased. According to the Platformable Open Banking Trend report, in Q2 of 2020, more than 72% of the top 50 banks will adopt API platforms to manage application Data concatenation. The Gartner survey also pointed out that although 70% of enterprises believe that API is important for digital transformation, security is a key challenge at the same time. Gartner estimates that by 2022, API attacks will become the most common attack that leads to enterprise application data breaches.
Without APIs security protection, no application of an enterprise can be operated and developed safely, and will be exposed to a high degree of data security risks, which may also result in data breach and damage to reputation, alongside a hemorrhage of corporate earnings.
The Salus API Security applies Tokenization technology to replace the sensitive data transmitted by the API with Tokens. The real data is stored in a safe environment to prevent external transmission of data from security threats and to reduce the risk of sensitive data being stolen and data breach. In addition, The Salus API security can also integrate specific authentication factors to provide a higher level of protection when accessing API connections. Moreover, the general RESTful standard format is applied to offer organizations a high degree of availability and compatibility.
IAM is focused on identifying people and managing access to different data types including sensitive data, non-sensitive data, and device data, which can also be described as authentication and authorization.
In order to face the challenges coming from digitalization, NSECURED provides businesses with an easy-to-use and secured way to manage customer data. We empower the customers by putting an end to the complicated username and password combination and embrace e-services with just one click. By integrating customers’ biometric features, logging in is no longer a hassle of memory work.
Moreover, NSECURED also provides business owners with another choice to manage customer data more effectively. NSECURED Tokenization Technology reinforces PII security in your environment and prevents losses from data hacking and breaching. With regards to its application, NSECURED can provide e-commerce and corporations with a secured method to secure PII in motion and at rest.
Besides Tokenization, Salus Cybersecurity also apply data masking technology for your system to be privacy regulation compliant. PwC’s Global Privacy and Security Enforcement Tracker in 2019 shows that almost every country considered by the tracker has seen an increase in the number of privacy complaints, issues and breaches raised to regulators across the globe in 2018 with a universal increase in enforcement actions being taken.
In the digital world, enterprises prioritize data security. The more data the enterprises manage, the higher chances the enterprises have to become a target of hackers and malicious software.
Salus Cybersecurity System applies innovative Data Masking that protects confidential data, including Payment Confidential Information, PII, and data needed to be pseudonymized under regulations such as GDPR and HIPAA, by creating a structurally similar but inauthentic version of an organization’s data that can be used for purposes such as case references and big data analysis.
For more information about one of our core technologies, Data Masking, please refer to Here
Salus Cybersecurity system is corresponded to three elements of the NIST CSF (Cyber Security Framework) framework:
1. Framework Core, 2. Framework Tiers , 3. Framework Profiles.
Supplemented by five major aspects—Identify, Defensive Measures (Protect), Threat Detection Mechanism (Detect), Attack Response (Respond), and Disaster Recovery (Recover), we will construct comprehensive data security and data protection for your organization.
Relying on the solid foundation of NIST CSF, the Salus Cybersecurity System is more compatible with ISO27001, Privacy Protection Law, Cybersecurity Management Act., GDPR, etc., transformed all these into regulations strategies to information security, information security supervision and monitoring, and Technology integration of information security which assist you in achieving information security goals, monitoring collaborative operations, and providing data security products and data protection.