Smart phones hold a vast amount of personal data and are incredibly easy to crack into, especially if you don’t even have a superficial passcode. Smart phone users should never store their account passwords and account information in their smart phones. However, you could devise a clever scheme in order to encrypt your passwords in a way that only you could understand.
Many smart phones also utilize a remote wiping service. That way, if you lose your phone, you can log into a computer (or even through another smart phone), enter your smart phone information, and the remote wiping service will clear out an y and all information from your phone. While this may not help to return the phone to you, it will certainly protect you from the troubles of identity theft.
Tech-savvy thieves may also have access to state-of-the-art technology that is able to transfer data and information by merely placing the device near a smart phone. This furthers the importance of not keeping confidential information on a phone that can be easily compromised.