Smartphone Kill-Switch Could Save Consumers $2.6 Billion Per Year, Says Report

 
CIO: Technology that remotely makes a stolen smartphone useless could save American consumers up to $2.6 billion per year if it is implemented widely and leads to a reduction in theft of phones, according to a new report.
Law enforcement officials and politicians are pressuring cellular carriers to make such technology standard on all phones shipped in the U.S. in response to the increasing number of smartphone thefts. They believe the so-called “kill switch” would reduce the number of thefts if stolen phones were routinely locked so they became useless.