How can tokenization help protect financial information?

[Good-Person]

Tokenization is a new term. It has a lot to do with computerisation and data protection. This may be quite important because there are so many people who are concerned about their financial information. So, do you believe that tokenization could actually help protect financial information and sensitive data?

 

[Debashis]

Yes, I think tokenization can help protect financial information and sensitive data by replacing sensitive data with randomly generated tokens. This reduces the risk of data breaches as the tokens are meaningless to unauthorized users.