Identity theft results in significant financial losses. In 2021, $2.8 billion was lost to imposter scams and $392 million to online shopping scams. Criminals also steal personal information to pretend to be employees of companies like GCash, Grab, and Lalamove to steal money. A 2022 survey found that 40% of identity theft victims had their data stolen, compromised or misused between April 2021 to March 2022. People commit identity theft for financial gain, revenge, or to hide other crimes. Experts recommend using unique and complex passwords for all accounts, multi-factor authentication, separate email addresses for different accounts, and protecting social media privacy to better protect from identity theft online.