LifeLock Blog

Visa, one of the largest credit card companies, has been commended on a process called Tokenization. Tokenization is the process of replacing sensitive data with unique identification symbols that retain all the essential information without compromising its security. Visa has taken the steps to making their  Tokenization system very robust in conformance to best practices, and have been recognized for it.

Not every merchant uses such a robust system, which leaves their customers vulnerable to identity theft. When companies don’t follow best practices they leave it up to their customers to deal with the consequences for themselves. So I applaud Visa for taking the proactive steps to prevent a breach of their customers data in such a way.

Visa has had their fair share of theft attempts. Do you wonder why hackers don’t spend all their time trying to get access to main credit card companies servers? Because they have tried and have failed and companies like Visa keep their information encrypted using tokenization with the keys changing regularly. Visa has, in recent, fought off several attempts to gain access to their servers and were successful in doing so.

Unfortunately not all companies are so carful with your information. Every time you use your credit card it has to go through a credit card processing company who now also has your information. There are several companies that process credit cards, so your information is most likely stored in several of them. If those companies aren’t as secure it doesn’t matter how secure your information is on Visa’s servers. Your card information could still be stolen from those card processing companies, which has happened in recent.

The best way to discover and monitor your identity is to be proactive about it. The best company that allows you to do that is LifeLock. They by far offer the best tools and service that help you discover and remediate any identity theft. You could look after your own identity, but just looking at your credit report isn’t enough. You need the tools that LifeLock can provide to it’s members for a more complete analysis of your identity.

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