Sure, but if you name the solution to this problem "virtual identity suicide" (I had to look it up too) you're not going to get many adopters. That's like naming marriage "single status suicide". It's not even accurate. What things are named matters a lot because most people cannot tell the difference between the name and the thing named nor can they easily remove implied yet unintended meaning from text.
I agree; it’s a terrible name for it. I also googled it and found a website whose lead image is a hangman’s noose – seriously, come on. Let’s call it online identity liberation, retaking, protection, or whatever.