Overview
A digital identity is a collection of personal data stored on computer systems, essential for accessing digital services, confirming one's identity online, and managing interactions between parties. Comprising usernames, passwords, search histories, and more, digital identities are a crucial component of a person's social identity in the digital realm. With the rise of online activities, digital identities have become increasingly important, but also vulnerable to data breaches and cyber threats. As of 2022, over 4.9 billion people have access to the internet, with an average of 6.6 online accounts per person, making digital identity management a pressing concern. According to a report by [[ibm|IBM]], the average cost of a data breach is around $3.86 million, highlighting the need for robust digital identity protection. Meanwhile, companies like [[google|Google]] and [[facebook|Facebook]] are working to develop more secure digital identity solutions, such as [[two-factor-authentication|two-factor authentication]] and [[biometric-authentication|biometric authentication]].