Basis Theory

Basis Theory makes encryption, tokenization, and delegation of sensitive data as easy as a config file. That means simple, developer-friendly APIs, easy-to-use SDKs, and even a low-code solution for additional flexibility. Our platform can handle any type of data, whether that be a payload consisting of payments or PII data, a document, an image, a drivers license etc. – anything that’s serializable can be tokenized. We also enable you to control the encryption keys where we are entirely blind to the data. Regardless of the path you choose, it’s all extensible and shareable with any third party, now or in the future, through the Basis Theory Token Reactor platform. This simple and flexible approach makes the platform a viable option for everyday developers and enterprises alike. It ensures sensitive data is being protected at all times while maintaining full usability for both analytical and operational use cases. A single platform for: 1. Data Security: Almost every week, there is another data breach from one of our most trusted brands - to the tune of about 16 billion records between 2019-2020⁵ alone and consisting of credit card numbers and other highly sensitive information. A lack of focus on data security can result in tarnished brand reputation AND be incredibly expensive as the average cost for a single breach is $7.7 million⁶ for companies with less than 500 employees. 2. Data Privacy: We’re not quite at the point where ‘mom’ is asking about whether her data is encrypted or not, but we are closer than some may think. In the past few weeks alone, there have been several articles written about the lack of security & privacy associated with popular apps - “Your location data is for sale, and it can be used against you”⁷ and “The struggle to make health apps truly private”⁸. Telegram was the most downloaded non-gaming mobile app in January 2021. Customers and partners are going to demand more transparency and control of their data.