[lazyseq]

I agree with you mostly. Although you are right that most people who steal phones probably would not to do this, thieves and others are becoming more aware. Thieves have friends too and some are even technical, especially people who specifically target phones. Also consider how many people forget they actually have certain accounts. It's not hard to use these accounts as the keys to more things or to use as social engineering tools.

As for the frequency of lost phones, I think it happens more than people know. Ask a friend who works at a restaurant, hotel, store, etc. how many times people accidentally leave or drop phones. With all the things like payments, passwords, personal information, etc. tied to phones, these are becoming treasure troves for people who have any idea of what they are doing. On the plus side, people who don't know what they are doing and spend time online on a stolen phone might be caught easier if the thieves have an idea.