Millions of consumers have been victims of identity theft, a practice of using the identity to impersonate buyer’s persona and successfully access the real users account when transacting online. The current system does not have a sufficient level of functionality to avoid the acts of identity theft of online consumers.
When we shop online we need to make sure that our personal financial information doesn’t wind up in the wrong hands. Shopping online is very convenient, and most of us buy items from online merchants regularly. But each time you open a new account or shop online, there is a chance that someone is gathering that information to steal your identity.
Just when we thought it is safe to submit our personal data through a secure website, hackers started collecting the data by infecting our personal computer.
Hackers have attacked all kinds of targets, from major retailers to government organizations in a number of countries. That data may include customer names, addresses, Social Security numbers, and birth dates. With new techniques that exploit vulnerabilities discovered each year and the amount of technology-dependent business operations rising, data breach shows no sign of slowing down.
For hackers, stealing personal data is a big business. Nearly 15 billion dollars were stolen from identity theft victims in 2017, according to a 2018 online survey of 540 U.S. adults, conducted for Symantec by The Harris Poll. With estimated 90 percent of the world’s population will be on the internet by 2030, up from the current 51 percent, it’s more likely than ever that the data of everyday users will be exposed.
Safein wants to help users and businesses to secure their identity when doing online shopping or transactions. Safein built a decentralized single sign-on blockchain based ecosystem for identity and payments.
Safein wallet lets you to store all of your digital identity so that you can easily prove your identity online via a single login. It will prove that you are you is as easy on websites as pulling an ID card out of your physical wallet is during in-person transactions.
We tend to share too much unsolicited information on social networking platforms like Facebook or cryptocurrency exchange like Binance. Your address, your selfie, your passport or visa picture, all will make your account vulnerable and easier to hack. But with Safein app, you can rest assured that your data will be protected with instant access granted by multi-factor authentication solution. You do not need to have or register for multiple accounts which will provide greater security and data protection, both of which are valuable to any consumer. Safein app can asily conduct payments in any chosen medium has long been desired by the market.
Learn more about Safein:
Website: https://www.safein.com/
Whitepaper: https://www.safein.com/summary/safein_whitepaper.pdf
Telegram: https://t.me/safeincom