Technology is changing the way people do business but, in doing so, it increases the risks around security. Identity fraud is especially on the rise. In fact, it’s estimated this type of fraud has doubled in just the last year. And, while the banking sector may be the juiciest target for attempted identity fraud, security is not purely a banking concern.

In 2015, damage caused by internet fraud amounted to $3 trillion worldwide. Latest predictions say it will be $6 trillion in 2021. This makes cyber fraud one of the biggest threats in our economy and the fastest growing crime. It is becoming far more profitable than the global trade of illegal drugs.

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