ID.me Study: Identity Fraud Hit 15.4 Million People in 2016
You probably don’t need a reminder of why identification is important, but, just in case: digital identity network ID.me has released a Forrester study that found 15.4 million people were identify fraud victims in 2016, with losses estimated at $16 billion. The study also found that organizations are using a wide variety of solutions for verification and authentication. ID.me offers “federated single sign-on identity verification”, meaning it verifies a consumer’s identity once and then lets consumers apply the same credentials to authenticate their identity with multiple organizations. This lets consumers limit the amount of private information they need to share with each organization.