The internet is rife with cybercrime, and identity theft is one of the biggest dangers around, with the FTC receiving over 230,000 reports of identity theft in Q4 2023 alone. Hackers can steal personally identifiable information via phishing attacks and/or data breaches and use that to commit identity theft, which, in simple terms, implies stealing someone else's identity to commit credit card fraud, social media account takeovers, etc.
While identity theft can undoubtedly cause emotional distress, it oftentimes also results in financial loss for the victims. Nord, one of the best VPN services on the market, offers identity theft insurance (think of it like regular insurance, but for damages caused by identity theft) to compensate users when they fall victim to a cyberattack.
