Surely its not losing the phone (crap or not) that's the issue, it's the content on the phone that is worse. I had my phone snatched from me in Camberwell a few years back, I said to the police at the time I was silly to use it, to which they told me in no uncertain terms why shouldn't I, people should be able to use their phones in public otherwise why have them in the first place! I totally agree although am far more careful now!