Jacqui Cheng:

Those who have had a phone lost or stolen are familiar with the horrors that follow: the thief (or the person he sold your phone to) starts to send texts as you to your family and friends, leaving you scrambling to de-activate the device as soon as possible. For modern iPhone owners, though, such a phenomenon should be in the distant past thanks to the advent of remote wipe capabilities, right?

Oh, this is not good.