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Old 15.03.2012, 18:07
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Where's your phone at? The Symantec Honey Stick Project

Late last year Symantec ran a simulation in several major US cities where they pretended to lose smart phones. This project they called Honey Stick. These phones were set up in such a way that they could follow them after they were found and could track what the finders tried to do with them.

This article (in German) is from PCTipp.ch and outlines the basic findings.
The full report from Symantec (PDF) is longer, but very easy to read and goes into more depth on what it might mean to lose your smart phone.

Bottom line, at the very least lock it with a pin or swipe lock. Second, don't lose your phone.
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