Data Breaches: The Imperative of Identity Protection

In the age of digital connectivity, data breaches pose an ever-present risk, underscoring the importance of proactive identity protection. As cyber threats become more sophisticated, safeguarding personal information is crucial for individuals to think about as more and more personal information is stored in large company databases. 

Data Breach Dynamics

Data breaches are a prevalent hazard in today's tech-centric world. The proliferation of online data has attracted cybercriminals exploiting weaknesses to access personal details, leading to identity theft and financial fraud. Advancements in technology have given rise to complex cyberattack methods, including social engineering and AI-driven tactics. Comprehending these advanced threats is vital to crafting an effective defense.

The Value of Personal Data

Personal data is a treasure trove for cybercriminals andis important to protect. Information as simple as a name or birthdate can be misused to fabricate identities or be sold illicitly. Companies risk losing consumer trust and suffering severe financial repercussions if customer data is breached. Defending personal data is not just about financial integrity but about maintaining privacy and control in the online sphere.

Managing Your Digital Footprint

According to Locker.io, the average person has between 70 and 80 making it extremely difficult to control your digital footprint.

While having robust, unique passwords managed by password managers, multi-factor authentication, timely software updates, and data encryption are critical, these still do not keep you safe from your identity being compromised on the web. 

Dentity provides Additional Security

Dentity has proven time and time again that our approach to data is where the future of security is going.  We do not store or hold any personal identifiable information, and all data is held and encrypted by the consumer.  Blockchain technology allows consumers to enhance their digital identity experience, advancing data security practices, balancing transparency and privacy, and exploring real-world applications of blockchain in data security domains. 

Dentity’s does not save any biometric data from visual ID verifications.  These are immediately destroyed along with images of the reviewed documents and the method of storing personal data in digitally-signed, cryptographically secure Verifiable Credentials, ensuring that there is no data to be stolen if there is ever a breach.