A corporate executive lost their smartphone while on an overseas business trip. The phone was
equipped with file encryption and secured with a strong passphrase. The phone contained over
60GB of proprietary data. Given this scenario, which of the following is the BEST course of action?

A.
File an insurance claim and assure the executive the data is secure because it is encrypted.

B.
Immediately implement a plan to remotely wipe all data from the device.

C.
Have the executive change all passwords and issue the executive a new phone.

D.
Execute a plan to remotely disable the device and report the loss to the police.