Below is our updated version, iterated on according to Bytemaster's suggestions.
These are looking good. One idea not covered is that your data is replicated with every merchant and thieves can steal from these merchants (Target, etc).
I like the Invictus innovations on the lower right, not the top left.
The phrase "catch you out" does not sound natural.....
"You give your identity to everyone website, some of which may be counterfeit"
"Your identity is stored with every merchant where it may be stolen by identity thieves"
"You have no way to prove who said what and when before Keyhotee"
Just some ideas... your graphic is currently winning this bounty in my opinion.
Including the second last quote
"Your email is the key to every web service you use, and it may be disabled by companies or governments".
caused the graphic to become too crowded (we can still include it if Invictus wants this).
We feel this is partly covered by email being placed in the square where identities is owned by third parties.
We hope you like