Look Out Lost Phones Costly

Los Phone imageYou better watch out, your phone could be stolen or lost and be costly.  Lookout's latest study shows phones, if  not found, could cost U.S. consumers more than $30 billion this year.

As part of the study, Lookout Labs  released the Mobile Lost & Found to see where phones are most often lost, the likelihood of losing a phone by region, and the financial impact of lost phones.

People in some U.S. cities have a higher chance of losing their phone: Philadelphia residents lose their phone two times more than New York City dwellers, while San Franciscans and New Yorkers lose their phones three times more than Chicagoans.

Lookout Mobile Security has users around the world who use the Lookout application to locate their lost or stolen device.

Be sure to look out for your phone before you leave the coffee house, that's where phones are lost the most. If not make sure Lookout is installed.

The top ten places for lost or stolen phones in the U.S. were:

1. Coffee Shop

2. Bar

3. Office

4. Restaurants

5. Apartment & Condo

6. Grocery Store

7. Gas Station

8. Residential

9. Pharmacy or Drug Store

10. Park