For starters, you will lose all your precious data: Getting a new phone would mean you have to start recollecting all these items from scratch.
10 Useful Apps to Recover a Lost or Stolen iPhone - Hongkiat
If hearing that gives you a headache, let me remind you that the person who has located your iPhone will also have access to all your online accounts: In any case, identity theft has been made easier these days since your smartphone now carries your online identity. While it is almost impossible to prevent you from dropping or misplacing your iPhone, it is possible to reduce the effects and pain of losing your iPhone and the contents within forever. These stolen details are then used to access and compromise the iCloud account and re-used to unlock the stolen iPhone -- cutting off the potential of remotely tracking the iPhone or bricking it entirely.
The team explored three such services online and found that while they had a global customer base of thieves, they also rented out servers to send phishing messages. The groups behind these services appear to be based in Kosovo, the Philippines, India, and North Africa. Once a tool has been purchased, the target iCloud account can be hijacked, content downloaded for other malicious activities, and also deleted outright.
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Attackers are notified by email when a phishing attempt is a success. If a victim falls for the phishing campaign and enters their credentials on the fraudulent page, iCloud information including cell phone numbers, passcode length, ID, GPS location, and the answer to whether a wipe is currently in progress is grabbed by the attackers.
Find My iPhone
Once unlocked, the software can also be used by attackers to send phishing messages and set up fake GPS locations for stolen devices, which may further dupe a victim into believing their device had been found. Together, the tools can be used to cut off Apple's services, clear the stolen device of any link to a previous owner, and ready the iPhone for resale in other markets. The online tools we've seen show how traditional felony and cybercrime can work concertedly-or even strengthen each other. If you buy a secondhand device, you should check it has not been blacklisted or stolen so you are not inadvertently funding these kinds of operation.
There are no vulnerabilities or bugs being exploited to conduct these criminal campaigns, but Apple has been made aware of the research and may be able to use this information to improve its tracking and remote locking services. Locky ransomware used to target hospitals evolves.
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If your iPhone, iPad, or iPod touch is lost or stolen If you lose your iPhone, iPad, or iPod touch or think it might be stolen, these steps might help you find it and protect your information. If Find My iPhone is enabled on your missing device You can use Find My iPhone to find your device and take additional actions that can help you recover it and keep your information safe.
Open Find My iPhone, and select a device to view its location on a map. If the device is nearby, you can have it play a sound to help you or someone nearby find it.
How to find a lost or stolen iPhone or iPad
Turn on Lost Mode. Report your lost or stolen device to local law enforcement. Law enforcement might request the serial number of your device. Find your device serial number.