Lookout: Lost And Stolen Smartphones Will Cost Consumers Over $30B In 2012

From personal experience, losing your phone (especially a smartphone) can be both frustrating and expensive. Lookout, a company that offers security services for a number of smartphone platforms, has conducted a phone loss study, which revealed that lost phones, if unrecovered, could cost U.S. consumers more than $30 billion this year. As part of the study, Lookout is debuting Mobile Lost & Found, a site for people to discover the places where phones are most often lost, the likelihood of losing a phone by region, and the financial impact of lost phones. Lookout's missing device technology for Android and iOS helps locate your lost or stolen phone on a map or sound a loud alarm to find it nearby.

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