Have Apple iPhone? Here is why it's important to turn on new Stolen Device Protection - 4 points

tech.hindustantimes.com:

You're in a crowded bar when a thief watches you unlock your iPhone with your passcode, then swipes it. That sinking feeling hits when you realize it's gone, along with priceless photos, important files, passwords on banking apps and other vital parts of your digital life. Apple rolled out an update to its iOS operating system this week with a feature called Stolen Device Protection that makes it a lot harder for phone thieves to access key functions and settings. Users are being urged to turn it on immediately.

Here's how to activate the new security option and why it's so important:

The software update for iPhones and iPads includes the essential new feature designed to foil thieves from wiping phones for resale or accessing Apple ID or other important accounts. Stolen Device Protection is a new setting that's included with the latest iOS release, version 17.3.

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Apple says the feature, buried in your iPhone's settings, adds an extra layer of security for users. It addresses a vulnerability that thieves have discovered and exploited: allowing them to lock victims out of their Apple accounts, delete their photos and other files from their iCloud accounts and empty their bank accounts by accessing passwords kept in the Keychain password manager.

Apple is introducing the feature as anecdotal evidence suggests phone thefts are surging. Stories of stolen phones abound on Reddit groups and in news articles in places from Los Angeles to London, where police say pickpocketing, “table surfing" and moped snatching are common tactics.

The Wall Street Journal reported last year how criminals watched people use their passcodes to gain access to their personal information after stealing their phones.

Stolen Device Protection keeps track of a user's “familiar locations," such as their home or workplace, and adds extra biometric security hoops to jump through if someone tries to use the device to do certain things when it's away from those