Identity theft is a serious crime that affects thousands of people. Globally around 40% of the people have been targets of an identity theft crime at least once. With the pace of development in the online or the digital landscape, identity theft is becoming more sophisticated each day. As per statistics, there were 4.54 billion internet users in 2020 which is 59% of the world’s population. On average, there is a 7% rise in internet penetration annually. Meanwhile, there is a remarkable rise in online shopping, social media, and app usage. Accordingly, on average, people spend nearly 7 hours on the internet. With a wide online presence, identity theft has become inevitable in modern society. Out of all the countries, the USA has consistently topped the list with 16.7 million Identity theft victims reported in 2017 accounting for an overall loss estimated at more than USD 17 billion.
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