Your badges or passports may be compromised, but your biometric credentials will be with you at all times.The digital identity verification market is expected to exceed $17 billion by 2026.
One problem is the increase in internet crime. Identity fraud and cybersecurity breaches will increase by 15% over the next five years to $10.5 trillion per year by 2025, up from $3 trillion in 2015.
In 2020, complaints about alleged internet crimes increased by 61% to 791,790 complaints, ranging from personal and corporate data breaches to credit card fraud, phishing and identity theft, costing victims more than $4.2 billion.
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