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what's the big difference?

Encryption changes the data type & length,
making info unreadable in databases

Encrypted data CAN be hacked.

Hackers steal encryption key & intercept data either before or after it’s decrypted

Tokenization replaces sensitive data with

a randomized, non-sensitive substitute

Encrypted data CANNOT be hacked.

PII is stripped from healthcare record; there's no valuable data to steal