Identity theft is a crime, a type of fraud in which an imposter steals individual information of another person (or a company) and uses it by pretending to be someone else in order to gain some benefit (e.g. money or goods). An identity theft can cause a victim both a financial and emotional damage and also a waste of time and energy needed to avoid consequences of the fraud.
The identity theft can also affect companies, causing not only economic but also reputational damages (e.g. the imposter offers lower quality services compared to the ones offered by the original company). Moreover the companies are supposed to protect beyond themself, also their employees, clients and suppliers, and so they are responsible to damages caused to the third parties in a case of bad handling of their sensible data. Depending on a different country the fine for not proper handling such data could be very high. Therefore, in order to prevent that risk, the most important practices are the training of the employees about the risks and manners in which identity theft can be performed, and the countermeasures to adopt. Also it is advisable to have a good information system provided with adequate security and constantly updated.
Identities are more valuable than ever. Identity theft protection helps protect potential victims of identity theft. Companies typically offer four different services: credit monitoring, expert support, insurance, and information surveillance via internet and public sources. Through these, companies are can detect identity theft, and mitigate the damage thereof.
Table of Contents
1 Identity Theft Protection Services Market Overview
1.1 Product Overview and Scope of Identity Theft Protection Services
1.2 Classification of Identity Theft Protection Services by Types
1.2.1 Global Identity Theft Protection Services Revenue Comparison by Types (2017-2023)
1.2.2 Global Identity Theft Protection Services Revenue Market Share by Types in 2017
1.2.3 Credit Card Fraud
1.2.4 Employment or Tax-Related Fraud
1.2.5 Phone or Utility Fraud
1.2.6 Bank Fraud
1.3 Global Identity Theft Protection Services Market by Application
1.3.1 Global Identity Theft Protection Services Market Size and Market Share Comparison by Applications (2013-2023)
1.4 Global Identity Theft Protection Services Market by Regions
1.4.1 Global Identity Theft Protection Services Market Size (Million USD) Comparison by Regions (2013-2023)
1.4.1 North America ...