The surge in data breaches over the past decade has enabled us to rethink secure data storage methods. Tokenization achieves this goal by converting a valuable piece of information into a useless string of characters known as a token. Since there is no mathematical relationship between the token and its original number, these tokens cannot be returned to their original form. Therefore, it will be impossible for cybercriminals to breach data as it cannot be used in its present form. According to Data Bridge Industry Research, the tokenization market is expected to grow at a CAGR of 16.73 percent from 2021 to 2028, reaching USD 5.34 billion.
