Scams, identity theft and cybercrimes threaten everyone.
Every year people lose billions of dollars to scams, identity theft and cybercrime. No one is immune to these dangers. Young and old alike are victims and if you think you are too smart to become a victim, you are wrong. According to the National Association of Securities Dealers wealthy, financially literate and astute people are actually more likely to become victims of financial scams.
The key to protecting yourself from scams cybercrime and identity theft is education and that is where Scamicide.com comes in. Here at Scamicide.com you will learn how to recognize scams, cyber security threats and risks of identity theft as well as how to avoid them. Here at Scamicide.com we also alert you each and every day to the latest developments in scams, cyber security and identity theft and tell you what you need to do to protect yourself. It is a dangerous world out there, but Scamicide.com can help you make it safer.
Scam of the day – March 22, 2026 – Why iPhone Theft Is Exploding: The $30 Billion Black Market Threat and How to Protect Yourself
Theft of iPhones is a major problem. The black market for sale of stolen phones is valued at $30 billion dollars a year and iPhones are particularly targeted because of their high resale value which is as much as 60% of its retail value. If not properly protected, a stolen phone can provide information that can lead to identity theft including accessing your bank accounts. 40% of victims of iPhone theft end up becoming victims of identity theft.
TIPS
So what should you do to protect yourself?
You should consider using Apple’s Device Protection which will protect the security of your phone when it is away from home or work. To turn on Stolen Device Protection, you must use two-factor authentication for your Apple Account and set up or enable the following on your iPhone: a device passcode; Face ID or Touch ID; and Significant Locations* (Location Services). This will protect you even if the thief knows your passcode.
Use a strong passcode. Avoid simple passcodes like “1234” or “abcd”. Consider using Face ID or Touch ID for added security.
Turn off Wallet Access when locked. This will prevent a thief from being able to access to payment cards, concert tickets or sport event tickets stored in your Apple Wallet. To do this go to Settings > Face ID & Passcode, toggle off “Wallet” under “Allow Access When Locked”.
Finally, and of great importance, don’t store unencrypted passwords on your phone and turn off autologin/autofill by going to Settings s > Passwords > Autofill Passwords, toggle off the autofill option.
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stolen iPhones, iPhone theft prevention, iPhone security tips, Apple Stolen Device Protection, Apple Wallet security, mobile phone black market, how to protect your iPhone from theft
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