Identity theft reports
Identity theft reports filed in 2024Your Identity. Verified Once. Trusted Everywhere.
Identity Verification is Broken. For Everyone.
Every time you verify your identity, your sensitive documents—passports, addresses, financial records—get copied into another database. Another target. Another breach waiting to happen.
For individuals, it means your data is scattered across systems you don't control. For institutions, it means storing liabilities, defending duplicates, and watching fraud and compliance costs climb.
Fraud is accelerating. Regulation is tightening. The old way wasn't built for this.
| Year | Fraud Losses | Growth |
|---|---|---|
| 2015 | $0.8B | 1x |
| 2016 | $0.9B | 1.1x |
| 2017 | $0.9B | 1.2x |
| 2018 | $1.5B | 1.9x |
| 2019 | $1.9B | 2.4x |
| 2020 | $3.4B | 4.3x |
| 2021 | $6.1B | 7.8x |
| 2022 | $9.0B | 11.4x |
| 2023 | $10.4B | 13.2x |
| 2024 | $12.5B | 15.9x |
| 2026 (projected) | $14.2B | 18x |
| 2030 (projected) | $22.5B | 28.6x |
| 2035 (projected) | $35.0B | 44.5x |
Lost to fraud
Consumer losses to fraud in 2024Accounts per person
Average online accounts requiring identity dataVerify once. Share proof forever.
| Year | Avg. Cost |
|---|---|
| 2015 | $3.79M |
| 2016 | $4.00M |
| 2017 | $3.62M |
| 2018 | $3.86M |
| 2019 | $3.92M |
| 2020 | $3.86M |
| 2021 | $4.24M |
| 2022 | $4.35M |
| 2023 | $4.45M |
| 2024 | $4.88M |
| 2026 (projected) | $5.50M |
| 2030 (projected) | $7.00M |
| 2035 (projected) | $9.00M |
Source: IBM Cost of a Data Breach Report
For Institutions
Compliance without the custody.
Verify customers instantly with cryptographic certainty. No document storage. No breach liability. Compress KYC timelines from weeks to minutes while defending against AI-driven synthetic fraud.
Learn More| Activity | Hours |
|---|---|
| Phone Calls & Disputes | 85 hours |
| Paperwork & Documentation | 55 hours |
| Credit Monitoring | 40 hours |
| Law Enforcement | 20 hours |
| Total | 200 hours |
Source: FTC Consumer Sentinel 2024 / Javelin 2024 Identity Fraud Study
For Individuals
Your identity, under your control.
Verify once, use everywhere. Stop uploading the same documents repeatedly. Reduce your exposure from scattered storage, prevent impersonation, and own your verified identity.
Learn MoreHow Kyndex Works
The infrastructure for portable, verifiable identity
For Institutions
Compliance without custody.
- Zero Document Storage Verify identities without storing sensitive documents. No custody, no liability.
- Instant KYC Compress verification timelines from weeks to seconds with cryptographic proof.
- Regulatory Ready Meet compliance requirements with auditable, tamper-proof verification records.
For Individuals
Your identity, your control.
- Verify Once Complete verification once, use it everywhere. No more repetitive document uploads.
- Privacy Preserved See exactly who has your documents, what they've done with them, and revoke access anytime.
- Portable Identity Take your verified identity anywhere. Seamless onboarding with any participating service.
Join the Waitlist
Be among the first to experience identity verification done right.
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Questions? hello@kyndex.co
Built for Both Sides
Whether you verify
or get verified.
Kyndex creates a better experience for everyone involved in identity verification. Institutions reduce liability and accelerate compliance. Individuals gain control and eliminate repetitive document uploads.