The global identity theft insurance market is anticipated to grow at a considerable CAGR of 13.7% during the forecast period. According to the Federal Trade Commission (FTC), 1,434,695 complaints of identity theft were registered in 2021, 410,399 were of online shopping and negative reviews, and 106,246 were of Internet services across the globe. Moreover, credit card fraud, was the second-most common form of identity theft in 2021, with 389,845 reported incidents. Norton Cyber Safety Insights Report 2021, 45% of Indian adults have experienced online identity theft, this means that over 27 million Indians experienced identity theft. Rising incidences of identity theft globally, along with various initiatives such as partnership, launches, and acquisitions, taken by market players which includes Aura, Liberty Mutual, and Mcafee LLC are the major factor that positively impacts the market growth.
Browse the full report description of “Identity Theft Insurance Market Size, Share & Trends Analysis Report by Type (Financial Identity Theft, Tax and Employment Identity Theft, Medical Identity Theft, and Others), and by Application (Individual and Business) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/identity-theft-insurance-market
For instance, in July 2020, Aura, acquired Pango, to expand Aura's offerings to provide greater identity protection and security for customers. The addition of Pango bolsters Aura's security suite by bringing together world-class products, including Hotspot Shield, that uses military-grade encryption and security protocols to keep people safe from hackers and scams. In addition, in November 2020, Sontiq partnered with Breach Clarity, to offer a wide variety of solutions that empowers individuals in the fight against identity vulnerabilities and data breaches with unprecedented personalized breach risk intelligence.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape –include American International Group (AIG), Nationwide Mutual Insurance Co., Experian, Geico, and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Identity Theft Insurance Market Report Segment
By Type
By Application
Global Identity Theft Insurance Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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