Mobile phone theft is on the rise in London, with a mobile phone being stolen every 6 minutes. According to digital identity expert David Birch, the value of a stolen phone goes beyond the physical device itself: “If I steal your phone, I’m stealing a thousand dollars,” Birch explains. However, Birch highlights that the true target for thieves is the access to bank accounts, where they can potentially steal up to $100,000. It is crucial for individuals to take immediate action if their phone is stolen, including turning off message previews to protect sensitive information.
