In some cases, it can cost you your identity.Įvery day you add more personal information to your phone - from banking app logins and passwords to sensitive data, information, and photographs. The cost of your phone getting lost or stolen can amount to more than a replacement device. Īccording to the Federal Communications Commission (FCC) : 1 in 10 American smartphone owners are victims of phone theft - with 68% unable to recover their lost or stolen device. Instead, he lost over $10,000 when scammers broke into his online accounts and stole his identity.
When Gaetano DiNardi lost his phone during a trip to Mexico, he thought the worst-case scenario was that he'd have to buy a new device.
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