If a theif gained access to someone's smart phone, I'm sure they would be more than just a little curious about what kind of junk would be stored on it. Maybe screw around with it for a few days before flipping it at a pawn shop or 3rd party crook. They could send an email to everyone on the victim's contact book with a crazy story about being detained in a Mexican jail on bogus drug charges and ask them to pleeez wire some money ASAP. Imagine the possibilities...