Phone Carriers Would Rather Profit from Insurance Than Help Prevent Theft

Phone carriers make a lot of money from selling insurance to users who fear losing their smartphones to thieves. However, it also appears that wireless carriers have a fear of their own – a fear of losing  that profit if they actively help users prevent phone theft.

In an interview with the New York Times, San Francisco district Attorney, George Gascón chastised phone carriers for placing profits over the safety of users:

We have repeatedly requested that the carriers take steps to protect their customers.

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