Capital One Software introduced a tokenization solution named Capital One Databolt to address growing data security concerns. The new system aims to protect sensitive information without compromising system performance, catering to businesses that require robust yet efficient data protection methods. Companies are seeking innovative means to secure their digital assets while complying with stricter data privacy regulations. This announcement comes as the market experiences increased pressure to safeguard information in a digital-first environment.
How does Databolt secure sensitive data?
Capital One Databolt replaces sensitive inputs with secure tokens to reduce exposure during data breaches. It maintains the original data format, which enables ongoing application functionality and facilitates safe third-party data sharing. This design ensures that while data is anonymized, essential structural integrity remains intact.
Can tokenization support operational continuity?
The solution allows companies to operate seamlessly even after tokenizing sensitive data. It supports the incorporation of advanced technologies, including generative AI, without leading to compatibility issues. Organizations benefit from an uninterrupted operational flow while securing critical data elements.
Online sources reveal a consistent trend in the adoption of tokenization across various industries. Reports indicate that network and payment tokens are frequently implemented, with about 80% of small to medium-sized enterprises adopting at least one form of token technology. This observation aligns with market studies showing near-universal token implementation among higher-revenue merchants, reinforcing current industry practices.
Capital One Software rolled out Databolt in response to escalating data breach incidents and evolving privacy demands. The product tokenizes sensitive data by substituting it with secure tokens while preserving essential data structures for continuous application performance. It addresses scalability and speed challenges faced by cloud-first enterprises.
Capital One Software President Ravi Raghu underscored the urgency for advanced data protection measures.
“In an era marked by increasing data breaches, complex data privacy requirements, and the adoption of generative AI, the need for robust data protection has never been greater.”
He noted that the company processes over 100 billion tokenization operations per month across numerous applications. Supporting market research from PYMNTS Intelligence confirms a rising interest in tokenization among retailers and payment service providers.
The deployment of Capital One Databolt highlights the industry’s commitment to securing sensitive data while upholding operational efficiency. Detailed assessments demonstrate that effective tokenization minimizes service disruption and supports future technology integrations. Readers are advised to monitor further developments in tokenization technology to gauge its impact on data security and overall business performance.
