People really value their cellphones and devices.
A survey conducted by Lookout and IDG Research found that when phones are lost or stolen, victims will go to great lengths to get them back. Half of the victims would pay $500 and one-third would pay $1,000 to get them back. Two-thirds of theft victims also express willingness to put themselves at physical risk to regain their devices.
It’s not the devices themselves that are so valuable, but the data stored on them. Not all the data on smartphones is valuable to anyone but the owner, but some is. It is important to securely wipe phone or computer personal content when you sell or abandon your devices. It can be the very outline needed for very convincing identity theft or direct meddling in such things as the owner’s bank account or even his or her personal relationships. Continue Reading