[graham_paul]

If someone steals your cash (as much cash as you can carry): you don't have it anymore.

If someone steals your phone (you will lose at least the value you paid for the phone) and once they force you to unlock the phone and to hand over the passwords, you will lose:

- as much cash as they can take out before you can access a device that will allow you to freeze the card

you will also be a more attractive target for hacking (especially if you are using Android and your phone is like the vast majority of targets that receives security updates very late or it simply does not receive them)

Seen it happen more than once. Yes, you are smart but so are thiefs

[asutekku]

Most phone thieves (at least in europe) take it out of your pocket in a busy place. They are not making you unlock yout phone.

[graham_paul]

In that particular case, you still lose a device you paid a lot of money to have and you might even lose any data not backed up