Over the last few weeks, there has been an influx of news articles linking Apple’s AirTag tracking devices to car theft. Apple released the coin-sized device in April as a way to help people keep tabs on their keys, luggage, any number of other personal possessions. But reports have emerged claiming that thieves are now using them to mark and track vehicles they later want to steal.

The scenario usually begins with a person who has parked their automobile in a public lot when a thief spots a model worth taking. The device is then affixed to the vehicle in an inconspicuous spot and the criminal waits until the owner is fast asleep. However, some version of the story also involves crooks targeting high-end automobiles in the hopes that it resides at a home with similarly high-end goods worth robbing. Since there are similar devices on the market, it’s odd that Apple would be singled out. But the AirTag was updated by the company to reduce the length of time the trackers would need to be away from its owner before it began to alert iPhone users who have been traveling in close proximity to the device as a way to prevent stalking attempts. This resulted in a number of them being found out before cars were stolen.  (Read More…)

Finance companies have begun using ignition kill switches and tracking devices, which allow them to disable and then easily locate vehicles for repossession. Some of the devices even remind borrowers when they’ve missed a payment. According to PassTime, a company that sells such devices, somewhere between 35 and 70 percent of cars financed on subprime loans have some variant of the hardware installed.

Now the the Federal Trade Commission is looking into whether these automotive finance companies are illegally harassing consumers with poor credit by imposing the hardware onto their vehicles — potentially violating their privacy while also garnering unnecessary intimidation from banks.  (Read More…)