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My phone has never been stolen, however, last night when my husband and I were leaving a restaurant, a man that had been standing a few feet from our table approached me and asked to borrow it.  I told him no and that should have been the end of it.  But my mind just would not let it go.  It made no sense for him to want my phone when there is a pay phone in the lobby of the restaurant, and the management there has a policy that they will make phone calls for customers (I called and checked, plus alerted them to the incident.  

Finally, it dawned on me that the man probably didn't have any intention of making a call, he probably wanted what information he thought was stored on the phone.  I don't store anything other than basic information on the phone, but that is enough for a thief to cause trouble with.  Suppose this guy wanted to call his heroin dealer and then my number would have shown up on that persons caller ID.  Or suppose I had recently called my bank or had been using the phone for internet applications.  With just basic information that is stored on a persons cellphone, their whole life can be ruined with identity theft.

Be aware, never loan your cell phone to strangers, (it does have your personal information on it, as well as your contact information), and also don't place a call for someone either unless you know them very well or you know exactly who you are calling, for example... the police.  Sadly, in this day and age our private information is all too often sold and traded and used against us.