|2010Tulsa, Oklahoma, United Statesin
|Alex Pezold CEO
Jerald Dawkins CTO
|Tokenization (data security), Encryption, and Key management
|US$10 Million [ citation needed ]
Number of employees
TokenEx is a cloud-based data security company, headquartered in Tulsa, Oklahoma. The company was founded in 2010 by Alex Pezold. It provides services for coupling tokenization (data security), encryption, and key management for ensuring secure data.It specializes in the tokenization (data security) of sensitive customer data. Pezold said tokenization can translate “30 million credit card numbers into 30 million tokens,” in a very short time. The World Vision International is one of its clients using TokenEx platform.
On 28 February 2018, the company announced its partnership with Cloud Constellation to design a space-based data security solution that layers tokenization, and secure storage in space for securing customers' sensitive data.
It won the 2016 Metro 50 Award and was recognized as the Metro 50’s fastest growing privately held company by the Greater Oklahoma City Chamber.
Tokenization, when applied to data security, is the process of substituting a sensitive data element with a non-sensitive equivalent, referred to as a token, that has no intrinsic or exploitable meaning or value. The token is a reference that maps back to the sensitive data through a tokenization system. The mapping from original data to a token uses methods that render tokens infeasible to reverse in the absence of the tokenization system, for example using tokens created from random numbers. A one-way cryptographic function is used to convert the original data into tokens, making it difficult to recreate the original data without obtaining entry to the tokenization system's resources. To deliver such services, the system maintains a vault database of tokens that are connected to the corresponding sensitive data. Protecting the system vault is vital to the system, and improved processes must be put in place to offer database integrity and physical security.
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