Hackers can also use email communication to demand sensitive information The importance of passwords has been emphasized over and over again by security experts Imagine a world where your personal information is unique and secure, and security measures like one-time passwords and other authentication methods are impenetrable. Knowing your digital identity is safe in this ideal world, you can enjoy your privacy and peace of mind. However, this is far from reality. Bad threat actors constantly develop new ways to steal personal information for financial gain or other malicious purposes. In the first half of 2023 alone, there have been 5,60,000 identity theft cases, as reported by FTC. Also Read How AI startups are contributing to environment and social impact How AI startups are contributing to environment and social impact Mastering the art of differentiation: Vital competencies for thriving in the age of artificial intelligence Digital transformation and the emergence of the fintech sector Top five predictions in the enterprise IT space for 2024 Identity theft is a crime where threat actors steal personally identifiable information such as name, address, social security number, bank details, and more to impersonate another individual. Hackers then leverage this information to take loans, […]
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