This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

We'll Risk Our Safety or Pay Up to $1,000 for Our Phones

NEW YORK (TheStreet) -- Americans love their cellphones so much that they've put a price tag on how much they'd pay to get lost phone data back. For 33% of the country, the figure is $1,000.

That's according to research from Lookout, a San Francisco mobile security firm, which also says one in 10 phone users lose their device to theft, and that 3.1 million smartphone users were victimized by thieves last year -- twice the amount recorded in 2012.

The study from Lookout, called Phone Theft In America, is full of interesting facts and trends on consumers and their passion for their cellphones.

For instance, 68% of phone users said they would "put their personal safety at risk" to recover a lost or stolen device. Also, many phone theft events needn't have happened at all, as 44% of all documented phone thefts were triggered by owners leaving their devices accidentally in public places (most likely at a bar or restaurant, Lookout reports). Besides restaurants and bars, the most likely places to lose a phone or have it stolen are at work, on public transportation and on the street.

What can consumers do to better protect their phones from being lost or stolen -- and having to think about paying $500 to get lost phone data back, which Lookout suggests fully half of us would do.

Lookout says the cellphone industry needs to do a better job of security with the devices they sell. "While there isn't one single solution that is going to alleviate phone theft, the problem can be stifled with industry collaboration, technology and widespread awareness for how to stay safe," says Kevin Mahaffey, co-founder and CTO of Lookout.

For consumers, the best protection steps include recording your phone's number, make and model, color, password and PINs. Also, write contact information on the phone so the person who finds it can get it back to you, and use an ultraviolet pen to write unique information on the phone so you can identify it as yours.

Also, hide your phone away as much as you can, because the more a phone stands out, the more appealing it is for thieves. And make it hard for thieves to steal your phone by hiding it in an inside jacket pocket, or the interior pocket of a purse. You may even want to think about avoiding flashy cellphone cases and colors that draw attention to it.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs