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Identity Theft Insurance Market Increasing Demand, Growth Analysis and Future Outlook by 2031

07-09-2024 12:11 PM CET | IT, New Media & Software

Press release from: Orion Market Research

Identity Theft Insurance Market Increasing Demand, Growth

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.

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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. 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.

Global Identity Theft Insurance Market Report Segment

By Type

• Financial Identity Theft
• Tax and Employment Identity Theft
• Medical Identity Theft
• Others (estate identity theft, synthetic identity theft)

By Application

• Individual
• Business

A full report of Identity Theft Insurance Market available @ https://www.omrglobal.com/industry-reports/identity-theft-insurance-market

Identity Theft Insurance Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Alliance Insurance Group
• Aura Sub, LLC
• Chubb Group of Insurance Co.
• Equifax Inc.
• Experian Information Solutions, Inc.
• Geico Corp.
• Liberty Mutual Group
• McAfee Corp.
• MetLife, Inc.
• NortonLifeLock Inc.
• Prepaid Legal Services, Inc.

Reasons to Buying From us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.


Visit more report at

https://www.linkedin.com/pulse/scaffold-technology-market-size-trends-latest-arti-vishwakarma-mlsof/

https://www.linkedin.com/pulse/aesthetic-threads-market-increasing-demand-growth-2031-vishwakarma-pyg5f

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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