Tools commonly used in the Identity Theft Protection industry for day-to-day tasks and operations.

• Identity monitoring software
• Credit monitoring software
• Fraud detection software
• Password managers
• Two-factor authentication tools
• Dark web monitoring tools
• Anti-virus software
• Virtual private networks (VPNs)
• Biometric authentication tools
• Encryption software

Common products and services typical of NAICS Code 926110-08, illustrating the main business activities and contributions to the market.

• Credit monitoring services
• Identity theft insurance providers
• Fraud detection and prevention companies
• Cybersecurity firms
• Identity verification services
• Background check companies
• Financial institutions offering identity theft protection services
• Online security companies
• Privacy protection services
• Data breach response and recovery services

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Identity Theft Risk Management Specialist (CITRMS): This certification is offered by the Institute of Consumer Financial Education (ICFE) and is designed for professionals who work in the identity theft protection industry. It covers topics such as identity theft prevention, detection, and resolution. The certification is valid for two years and requires continuing education to maintain.
• Certified Identity Theft Investigator (CITI): This certification is offered by the McAfee Institute and is designed for professionals who investigate identity theft cases. It covers topics such as fraud detection, data analysis, and legal issues related to identity theft. The certification is valid for three years and requires continuing education to maintain.
• Certified Identity Theft Risk Management Professional (CITRMP): This certification is offered by the Identity Management Institute and is designed for professionals who work in the identity theft protection industry. It covers topics such as identity theft prevention, detection, and resolution, as well as risk management strategies. The certification is valid for three years and requires continuing education to maintain.
• Certified Identity Theft Recovery Advocate (CITRA): This certification is offered by the Identity Theft Resource Center and is designed for professionals who assist victims of identity theft. It covers topics such as victim assistance, case management, and legal issues related to identity theft. The certification is valid for two years and requires continuing education to maintain.
• Certified Identity Theft Risk Management Consultant (CITRMC): This certification is offered by the Identity Management Institute and is designed for professionals who provide consulting services related to identity theft risk management. It covers topics such as risk assessment, risk mitigation, and compliance issues. The certification is valid for three years and requires continuing education to maintain.

A concise historical narrative of NAICS Code 926110-08 covering global milestones and recent developments within the United States.

• Identity theft protection has been a growing industry worldwide since the early 2000s. The first notable milestone was the introduction of the Fair and Accurate Credit Transactions Act (FACTA) in the United States in 2003, which gave consumers the right to a free credit report every year. This led to the creation of companies that offered credit monitoring services to help consumers detect any fraudulent activity on their credit reports. In 2006, the three major credit bureaus in the US, Equifax, Experian, and TransUnion, launched a joint venture called ProtectMyID, which offered identity theft protection services. Since then, the industry has continued to grow, with new players entering the market and offering innovative solutions to combat identity theft. In recent years, the identity theft protection industry in the United States has seen significant growth due to the increasing number of data breaches and cyber attacks. In 2017, the Equifax data breach exposed the personal information of over 143 million Americans, leading to a surge in demand for identity theft protection services. The industry has responded by offering more comprehensive solutions that not only monitor credit reports but also scan the dark web for stolen personal information and provide identity theft insurance. The COVID-19 pandemic has also contributed to the growth of the industry, as more people are working remotely and using online services, making them more vulnerable to identity theft. Overall, the identity theft protection industry has come a long way since its inception and continues to evolve to meet the changing needs of consumers.

The anticipated future trajectory of the NAICS 926110-08 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The Identity Theft Protection industry in the USA is expected to grow in the coming years due to the increasing number of data breaches and cyber attacks. As more people become aware of the risks of identity theft, demand for identity theft protection services is likely to increase. Additionally, the rise of digital transactions and the increasing amount of personal information being shared online is expected to drive growth in the industry. However, the industry may face challenges such as increased competition and regulatory changes. Overall, the industry is expected to continue growing in the coming years.

Recent groundbreaking advancements and milestones in the Identity Theft Protection industry, reflecting notable innovations that have reshaped its landscape.

• Cyber Monitoring: This innovation involves monitoring the internet for any signs of identity theft, such as the use of personal information on the dark web. This allows for early detection and prevention of identity theft.
• Biometric Authentication: This innovation involves using biometric data, such as fingerprints or facial recognition, to authenticate users and prevent identity theft.
• Mobile Security: With the increasing use of mobile devices for transactions, mobile security has become an important innovation in the identity theft protection industry. This involves protecting mobile devices from malware and other security threats.
• Artificial Intelligence: Many identity theft protection companies are using artificial intelligence to detect and prevent identity theft. This involves using machine learning algorithms to analyze data and identify potential threats.
• Social Media Monitoring: This innovation involves monitoring social media for any signs of identity theft, such as the use of personal information in fake profiles. This allows for early detection and prevention of identity theft.