Consumer data theft and exploitation is a growing business with low barriers to entry and high payouts. This has led to a rise in attacks worldwide. In 2021, over 290 million people in the US alone were victims of data breaches.
Unfortunately, the problem is only going to get worse this year. Norton Security reports that almost 60 million Americans have experienced identity theft as a result of data breaches. By 2023, cybercriminals are expected to steal 33 billion records annually.