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The number of identities exposed increased from 16 million to 164 million in 2019. Image source: Forbes

Why should you worry about identity theft? Because it could mean you are losing everything that represents you in this world; this includes your name, date of birth, address, social security number, driver’s license number, credit card information, and more. Many people have had their credit card information stolen, bank accounts hacked, and their identities used in illegal activities without them knowing. Some of the most prominent examples of this are the data breaches suffered by Equifax, Facebook, and CapitalOne.

How big is this problem?

According to the Insurance Information Institute, the number of records exposed online increased from 16 million to 164 million in 2019; this is how big the problem of online identity theft is. …

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Possibilities are endless in Web 3.0 with revolutionary Blockchain Technology. Image source: equalexperts.com

The internet has evolved tremendously over the past three decades, and we are glad that it has. Most of the information and communication in the world today is happening over the Internet from the comfort of your couch. All you need is an Internet connection and an internet-enabled device; this was unimaginable a few years ago, but what has made this possible?

The answer is the Web 2.0 version of the internet. As the name suggests, Web 2.0 is the second version of the internet. …

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The creepy Internet needs a fix. Image source: NYTimes

In today’s electronic era, as digitalization moved everyone to the online space, there are also some legitimate concerns regarding the “safety” of online data. Mainly, there are questions over what exactly the governments and companies are doing with a person’s data. The founder of Facebook — the biggest social media network in the world — Mark Zuckerberg, found himself in hot waters due to the same issue.

Amidst all this debate, the cryptocurrency boom allowed a solution: using blockchain technology to decentralize the Internet. Soon, the movement picked off, and netizens began to raise their voice for the protection of their fundamental right — to keep their data safe and secure. …

About

Prem Tummalacherla

Cardano node — http://Stakeish.com | Decentralization believer | Blockchain blogger | Technology Enthusiast

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