The digital revolution has given the world a lot of ease and efficiency regarding their personal or professional lives. However, cybersecurity has also become one of the vital services due to all the online operations. Identity theft is increasing day by day, giving rise to the threat of synthetic identity fraud.

Synthetic identity fraud is one of the most difficult to prevent or identify. According to a study, in 2022, global digital fraud amounted to 5.3%, 132% more than the previous year. Volumes of data breaches are increasing, and several companies are trying their best to curb the issues causing the fraud.