The tourism industry is plagued by several attacks of identity theft, an emerging malice in the society that has a crippling effect on the global economy. The travel industry is highly dependent on high-end gadgets and gizmos that are mostly used to escalate service levels. The new breed of identity thieves are smart and gutsy. Identity theft can completely fracture the socio-economic status of an individual traveller. The rising trend of identity cloning has adversely affected millions of tourists across the world. A recent survey tabled by the Federal Trade Commission says that more than 8 million Americans fall prey to identity theft every year. This new crime trend has shattered multiple financial and business organisations spread across the globe. Identity thieves have been successful in stealing several billion dollars from US citizens.
Identity protection services for Travellers: Restrains
The market size of identity protection service for travellers is steadily rising. The staggering market growth has also increased the competition in the market and dipped the quality of the tools and technologies available in the market. This has adversely affected the growth of this segment. The major travel market spread across the South East Asian region is still budding and most of the travellers are unaware of this crime known as identity theft. Low awareness levels and minimal digitisation is a major blockade in the global expansion of identity protection services for travellers.
Identity protection services for Travellers: Bigwigs
There are a plethora of companies that are creating some effective and trustworthy systems to combat the malice of identity theft with panache. ID Watchdog, True Identity Protection, Identity Force are some of the identity protection service providers operating globally.
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