It’s important to understand that your phone is not just a device; it is often the master key to every financial account you own. When a thief steals your phone, they do not need your bank password. If they get access to your text messages, they can intercept the two-factor authentication codes your bank sends you. That window between theft and financial loss can be as short as 10 minutes.
The good news: a handful of settings, activated before a theft happens, can greatly reduce the risk.
