The danger of data theft is becoming more and more of a concern as over 23,000 cellphones are stolen internationally each month. Experts stress the significance of taking precautions and putting solutions into place to preserve personal information, as the Global Mobile Phone Insurance Ecosystem Market is anticipated to reach USD 91.56 billion by 2030.

According to research, more than 50% of smartphone owners don’t secure their devices with passwords, making them susceptible to theft and to data leaks. Android devices, which make up 57% of stolen and compromised devices while Apple iPhones makeup 21% of the total, are particularly prone to security breaches.

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