If you have the Find iPhone app or the Total Equipment Coverage insurance there may be a way to track your device. We also have the option of placing your device on our Lost/Stolen list. This will essentially ensure that no one will be able to use your lost phone or activate it on another account.
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All the thief has to do is remove the sim card. No app with work after that. Then a new EFN # can be flashed. Boom Wham-0 stolen phone good as new. All that can be done on a home PC even. Security apps are a joke.