'Devaluing' Data to Protect ItFirst Data's Tim Horton Offers Risk Mitigation Strategies
In today's digital environment, protecting sensitive information and sales transaction data is of critical importance. Tim Horton of First Data explains the concept of "devaluing" data so it's worthless in the event of a breach.
"It's really taking that data and protecting it, so if there's ever a breach where a cybercriminal is coming in to steal that data, if they get that data there's nothing that they can do with that data," Horton says.
In a video interview at Information Security Media Group's recent Fraud and Breach Summit in Seattle, Horton discusses:
- What it means to devalue data;
- Why some enterprises find devaluing data is difficult;
- How devaluing data can protect it after a breach.
Horton is vice president of global merchant security and compliance solutions at First Data. In addition, Horton represents First Data on the PCI DSS board of advisers.