The four leading wireless carriers will block smartphones reported as lost or stolen and form a unified database to track them, the Federal Communications Commission disclosed Monday. "New technologies create new risks. We wanted to find a way to reduce the value of stolen smartphones," said FCC Chairman Julius Genachowski. In a statement, CTIA-The Wireless Association® President Steve Largent said the move "will help to deter smartphone thefts and protect the personal information on them."

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