In a 2024 survey of small business leaders and IT professionals in the United States, 58 percent of respondents stated that employee data was their most compromised company data in cyberattacks. Additionally, 53 percent of respondents reported customer or consumer data as the second most impacted company data.

According to 35 percent of Chief Information Security Officers (CISO) from worldwide organizations, an employee or a so-called compromised insider that might inadvertently expose their credentials, giving cybercriminals access to sensitive data, was the most common cause of a data breach. A further 33 percent thought a malicious insider, who would intentionally steal the information would most likely cause a data breach in their organization in the next 12 months.

Employee Identity Theft Protection Market Outlook

The global employee identity theft protection market size was valued at approximately USD 3.2 billion in 2023 and is projected to reach around USD 8.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 11.5% during the forecast period. The primary growth drivers for this market include the increasing awareness about cybersecurity threats, stringent government regulations, and the rising number of identity theft incidents. Furthermore, the growing adoption of digital banking and online transactions has made identity theft protection a critical concern for businesses of all sizes.

One of the major growth factors for this market is the increasing awareness among organizations regarding the severe consequences of identity theft. With the rise in cyber-attacks and data breaches, businesses are recognizing the importance of protecting their employees' personal information. This awareness has been further amplified by regulatory frameworks such as GDPR, HIPAA, and others, which mandate stringent data protection measures. Consequently, companies are increasingly investing in identity theft protection solutions to not only comply with these regulations but also to safeguard their reputation and maintain customer trust.

Another significant growth driver is the exponential increase in digital transactions and online activities. As more employees engage in remote work and digital communication, the risk of identity theft has surged. Cybercriminals are continuously evolving their tactics to exploit vulnerabilities in digital platforms, making it imperative for companies to adopt robust identity theft protection measures. The shift towards digitalization in various sectors, such as banking, healthcare, and retail, has further emphasized the need for comprehensive identity protection solutions to prevent financial losses and secure sensitive information.

Technological advancements in identity theft protection solutions are also playing a crucial role in market growth. Innovations such as artificial intelligence, machine learning, and biometrics are enhancing the effectiveness of these solutions by providing real-time monitoring and threat detection. These technologies enable organizations to proactively identify and mitigate potential identity theft incidents, thereby reducing the risk of financial and reputational damage. The integration of advanced analytics and automation is also streamlining the process of identity verification and fraud detection, making it easier for businesses to implement robust security measures.

Regionally, North America holds the largest market share, driven by the high adoption rate of advanced cybersecurity solutions and the presence of major market players. The stringent regulatory environment in this region also contributes to the growth of the market. However, Asia Pacific is expected to witness the highest growth rate during the forecast period, owing to the rapid digitalization, increasing internet penetration, and rising awareness about identity theft protection in emerging economies like China and India. The growing number of small and medium enterprises (SMEs) in this region is also fueling the demand for identity theft protection solutions.

Identity Security Solutions are becoming increasingly vital in today's digital landscape, where the frequency and sophistication of cyber-attacks are on the rise. These solutions encompass a range of technologies and practices designed to protect personal and organizational identities from unauthorized access and misuse. As businesses continue to expand their digital footprints, the need for comprehensive identity security solutions becomes more pronounced. These solutions not only help in safeguarding sensitive information but also play a crucial role in maintaining customer trust and compliance with regulatory requirements. The integration of advanced technologies such as artificial intelligence and machine learning into identity security solutions is enhancing their ability to detect and respond to threats in real-time, thereby providing a robust defense against identity theft.

Solution Type Analysis

The solution type segment of the employee identity theft protection market is categorized into credit monitoring, identity monitoring, identity theft insurance, and others. C

In 2024, companies in Germany suffered from the theft of various kinds of digital data. Around 63 percent of companies had communications data stolen. There was an increase from 56 to 62 percent of companies who lost customer data.

Customers' personal identifiable information was the most common type of data compromised in worldwide data breaches. 48 percent of compromised records fell into this category in 2024. The second-most breached kind of data was employee personal identifiable information, with around 37 percent of all breached records in the same year.

In 2024, the number of data compromises in the United States stood at 3,158 cases. Meanwhile, over 1.35 billion individuals were affected in the same year by data compromises, including data breaches, leakage, and exposure. While these are three different events, they have one thing in common. As a result of all three incidents, the sensitive data is accessed by an unauthorized threat actor. Industries most vulnerable to data breaches Some industry sectors usually see more significant cases of private data violations than others. This is determined by the type and volume of the personal information organizations of these sectors store. In 2024 the financial services, healthcare, and professional services were the three industry sectors that recorded most data breaches. Overall, the number of healthcare data breaches in some industry sectors in the United States has gradually increased within the past few years. However, some sectors saw decrease. Largest data exposures worldwide In 2020, an adult streaming website, CAM4, experienced a leakage of nearly 11 billion records. This, by far, is the most extensive reported data leakage. This case, though, is unique because cyber security researchers found the vulnerability before the cyber criminals. The second-largest data breach is the Yahoo data breach, dating back to 2013. The company first reported about one billion exposed records, then later, in 2017, came up with an updated number of leaked records, which was three billion. In March 2018, the third biggest data breach happened, involving India’s national identification database Aadhaar. As a result of this incident, over 1.1 billion records were exposed.

Global Employee Identity Theft Protection market size 2025 was XX Million. Employee Identity Theft Protection Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

Jamaica JM: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data was reported at 13.300 % in 2010. Jamaica JM: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data is updated yearly, averaging 13.300 % from Dec 2010 (Median) to 2010, with 1 observations. Jamaica JM: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Jamaica – Table JM.World Bank.WDI: Company Statistics. Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;

Global Employee Identity Theft Protection Software market size 2025 was XX Million. Employee Identity Theft Protection Software Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

According to a 2024 survey of small business leaders and IT professionals in the United States, 38 percent of respondents stated that they did not notify their customers of the data breach incident because law enforcement advised them to wait until an investigation was complete. Additionally, 11 percent of respondents said they refrained from alerting their customers mainly because no customer or employee personal information was compromised during the data breach.

In today's digital landscape, the Employee Identity Theft Protection Tool market has emerged as a critical component for businesses striving to safeguard sensitive employee data from increasingly sophisticated cyber threats. As organizations continue to embrace digital transformation, they face heightened risks asso

The primary purpose of the Identity Theft Supplement (ITS) is to measure the prevalence of identity theft among persons, the characteristics of identity theft victims, and patterns of reporting to the police, credit bureaus, and other authorities. The ITS was also designed to collect important characteristics of identity theft such as how the victim's personal information was obtained; the physical, emotional and financial impact on victims; offender information; and the measures people take to avoid or minimize their risk of becoming an identity theft victim. The information is intended for use by policymakers, academic researchers, practitioners at the Federal, state and local levels, and special interest groups who are concerned with identity theft to make informed decisions concerning policies and programs. Responses are linked to the NCVS survey instrument responses for a more complete understanding of the individual's circumstances. The 2018 Identity Theft Supplement (ITS) was the fifth implementation of this supplement to the annual NCVS to obtain specific information about identity theft-related victimization on a national level. Since the ITS is a supplement to the NCVS, it is conducted under the authority of title 34, United States Code, section 10132. Only Census employees sworn to preserve confidentiality may see the completed questionnaires.

PL: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data was reported at 16.800 % in 2013. This records a decrease from the previous number of 22.600 % for 2009. PL: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data is updated yearly, averaging 19.700 % from Dec 2009 (Median) to 2013, with 2 observations. The data reached an all-time high of 22.600 % in 2009 and a record low of 16.800 % in 2013. PL: Firms Experiencing Losses Due To Theft and Vandalism: % of Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Poland – Table PL.World Bank.WDI: Company Statistics. Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;

The Employee Identity Theft Protection market has emerged as a critical segment within the broader landscape of cybersecurity, reflecting the increasing need for businesses to safeguard their employees' personal information. As workplace data breaches continually rise, organizations across various sectors recognize

Since 1930, the Federal Bureau of Investigation has compiled the Uniform Crime Reports (UCR) to serve as periodic nationwide assessments of reported crimes not available elsewhere in the criminal justice system. Seven main classifications of crime were chosen to gauge fluctuations in the overall volume and rate of crime. These seven classifications that eventually became known as the Crime Index included the violent crimes of murder and non-negligent manslaughter, forcible rape, robbery, and aggravated assault, and the property crimes of burglary, larceny-theft, and motor vehicle theft. By congressional mandate, arson was added as the eighth Index offense in 1979. Arson is defined as any willful or malicious burning or attempt to burn, with or without intent to defraud, a dwelling house, public building, motor vehicle or aircraft, personal property of another, etc. The arson data files include monthly data on the number of arson offenses reported and the number of offenses cleared by arrest or other means. The counts include all reports of arson received from victims, officers who discovered infractions, or other sources.

Introduction

BYOD Statistics: Many employees now prefer to use one device for personal and work purposes. This helps them avoid the trouble of carrying two separate devices and reduces the risk of theft or losing one of them. It also removes the need to switch between different devices for work and personal tasks. However, companies face significant challenges when implementing the BYOD (Bring Your Own Device) approach.

Security is one of the biggest concerns. Risks include outside apps or individuals accessing private company data, difficulty in assessing the level of risk the company is exposed to, trouble tracking information, the risk of devices being stolen, and employees leaving the company with sensitive data still on their devices. This article will shed more light on BYOD (Bring Your Own Device) Statistics.

As of 2024, the average cost of a data breach in the United States amounted to 9.36 million U.S. dollars, down from 9.48 million U.S. dollars in the previous year. The global average cost per data breach was 4.88 million U.S. dollars in 2024. Cost of a data breach in different countries worldwide Data breaches impose a big threat for organizations globally. The monetary damage caused by data breaches has increased in many markets in the past decade. In 2023, Canada followed the U.S. by data breach costs, with an average of 5.13 million U.S. dollars. Since 2019, the average monetary damage caused by loss of sensitive information in Canada has increased notably. In the United Kingdom, the average cost of a data breach in 2024 amounted to around 4.53 million U.S. dollars, while in Germany it stood at 5.31 million U.S. dollars. The cost of data breach by industry and segment Data breach costs vary depending on the industry and segment. For the fourth consecutive year, the global healthcare sector registered the highest costs of data breach, which in 2024 amounted to about nine million U.S. dollars. Financial institutions ranked second, with an average cost of six million U.S. dollars for a data breach. Detection and escalation was the costliest segment in data breaches worldwide, with 1.63 U.S. dollars on average. The cost for lost business ranked second, while response following a breach came across as the third-costliest segment.

Sri Lanka LK: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data was reported at 1.800 % in 2011. Sri Lanka LK: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data is updated yearly, averaging 1.800 % from Dec 2011 (Median) to 2011, with 1 observations. Sri Lanka LK: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sri Lanka – Table LK.World Bank: Company Statistics. Average losses as a result of theft, robbery, vandalism or arson that occurred on the establishment’s premises calculated as a percentage of annual sales. The value represents the average losses for all firms which reported losses (please see indicator IC.FRM.THEV.ZS).; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;

VN: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data was reported at 3.500 % in 2015. This records an increase from the previous number of 1.000 % for 2009. VN: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data is updated yearly, averaging 2.250 % from Dec 2009 (Median) to 2015, with 2 observations. The data reached an all-time high of 3.500 % in 2015 and a record low of 1.000 % in 2009. VN: Losses Due To Theft and Vandalism: % of Annual Sales for Affected Firms data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Vietnam – Table VN.World Bank.WDI: Company Statistics. Average losses as a result of theft, robbery, vandalism or arson that occurred on the establishment’s premises calculated as a percentage of annual sales. The value represents the average losses for all firms which reported losses (please see indicator IC.FRM.THEV.ZS).; ; World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).; Unweighted average;

As per Cognitive Market Research's latest published report, the Global Data Loss Prevention market size will be $56.28 Billion by 2030. Data Loss Prevention Industry's Compound Annual Growth Rate will be 21.54% from 2023 to 2030. What is Driving Data Loss Prevention Market?

Increasing demand for cloud computing and switching storage of data from on premise to the public and the private platform is anticipated to drive the market. The emerging commercialization is expected to boost the demand for data loss prevention technology. Rising cloud-based business and persistent cyber-attacks are expected to drive the market over the forecasted period. Growing internet penetration rate and increasing dependency on communication sector and requirement of data security from data hackers are anticipated to drive the market for data loss prevention technology.

Key Drivers of Market.

The growth in Usage of the IoT is driving the market.

The growing use of the Internet of Things is mainly growing the data loss prevention market revenue.. In addition to this, the growing concerns among companies regarding data privacy and the implementation of stringent policies by government organizations are boosting the incorporation of artificial intelligence (AI) with security solutions. Additionally, businesses are focusing on next-generation identity and access communication, management, and network security, thus demonstrating extensive investments in these cybersecurity spaces. Such trends are likely to accelerate the data loss prevention market growth in the next few years.

Key Restraint of Market.

Disrupt business processes and decrease employee performance is one of the factors is expected to hamper the growth of the global market. In addition, rigidness and limitations of DLP solutions coupled with complex configuration and management is another factor is restrain the market growth to certain extend.

Key Opportunities of Market.

The increasing adoption of BYOD trends in organizations has increased the influx of different laptops, desktops, and smartphones, thus creating other endpoints vulnerable to attacks. Security measures on their own are not enough to stop these threats. The massive growth in the adoption of mobile devices across the world is expected to create significant opportunities during the forecast period

Ongoing Technological Developments can be an Opportunity.

Growing data complexities, due to the introduction of cutting-edge technologies, such as robotics, big data, Artificial Intelligence (AI), cloud computing, etc., are providing immense opportunities for data loss prevention solutions which are capable of properly categorizing, finding, and keeping track of confidential data on different platforms. Therefore, small and medium-sized companies with fewer resources are heavily investing in DLP programs. For Instance, in October 2022, Nightfall launched a DLP solution in collaboration with the Asana Partner Program as a technology partner. With this partnership, Asana sought to integrate data protection features into the Asana application. (Source: - https://www.prweb.com/releases/nightfall-brings-the-first-and-only-dlp-solution-to-asana-to-enable-seamless-data-security-and-compliance-859093154.html ) Therefore, organizations are also creating platforms to avoid data loss prevention. For Instance, Proofpoint Inc. created Aegis Threat Protection, Identity Threat Defense, and Sigma Information Protection platforms in September 2023 to counter organizational threats, e.g., business email compromise (BEC), ransomware, and data exfiltration. Proofpoint Sigma information protection platform integrates content classification, threat telemetry, and user activity across channels to prevent data loss. Along with this, Proofpoint's Misdirected Email solution stops users from sending an email to the wrong recipient by mistake, thus avoiding data loss. (Source:- https://www.proofpoint.com/us/newsroom/press-releases/proofpoint-launches-industry-first-innovations-break-attack-chain )

COVID-19 Impact:

The COVID-19 pandemic has spread rapidly, and its impact has manifested itself in supply chain disruptions. This has had a negative impact on global economic activity. Surging number of COVID-19 cases across various countries has affected the market growth. The sudden imposition of lockdown restrictions has shut down various...