Water security is a critical global issue that has gained increasing attention from researchers, policymakers, and practitioners over the past few decades. This paper presents a comprehensive overview of the evolution of potable water security indices from the 1980s to the 2020s, focusing on the key research themes, trends, and influential factors in the field. We conducted a comprehensive search of the relevant literature and examined the development of water security indices to provide insights into the current state of research and identify future research directions. This paper will explore the historical context, key indicators, sector-specific challenges, climate change implications, governance and policy considerations, technological advancements, community engagement efforts, and future directions for research in this critical field. Researchers and policymakers will find this review valuable as it offers insights into the existing knowledge and the areas that require further exploration to address global water security challenges.