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A security token is a peripheral device used to gain access to an electronically restricted resource. The token is used in addition to, or in place of, a password. [1]
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 (i.e. identifier) that maps back to the sensitive data through a tokenization system.
A software token (a.k.a. soft token) is a piece of a two-factor authentication security device that may be used to authorize the use of computer services. [1] Software tokens are stored on a general-purpose electronic device such as a desktop computer, laptop, PDA, or mobile phone and can be duplicated.
When software implementations of the same algorithm ("software tokens") appeared on the market, public code had been developed by the security community allowing a user to emulate RSA SecurID in software, but only if they have access to a current RSA SecurID code, and the original 64-bit RSA SecurID seed file introduced to the server. [3]
The most popular type of security token (RSA SecurID) displays a number which changes every minute. Users are authenticated by entering a personal identification number and the number on the token. The token contains a time of day clock and a unique seed value, and the number displayed is a cryptographic hash of the seed value and the time of day.
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RSA Security LLC, [5] formerly RSA Security, Inc. and trade name RSA, is an American computer and network security company with a focus on encryption and decryption standards. RSA was named after the initials of its co-founders, Ron Rivest , Adi Shamir and Leonard Adleman , after whom the RSA public key cryptography algorithm was also named. [ 6 ]
Security tokens could take off in Europe, potentially surpassing market volume for cryptos by 2026.
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