It appears that Verizon is close to launching a new subscriber service called Mobile Recovery. The service will allow Verizon customers using smartphones to locate their device via GPS, sound an alarm on their phone, remotely lock or wipe their phone.
The service will be a free add-on for those who subscribe to a Total Equipment Coverage (TEC) plan and will be compatible with Android, Windows Phones, Palm or Blackberry phones.
If you are already on a TEC plan, you can go to MyMobileRecovery.com for details on how to enroll in Mobile Recovery. There is no word yet if non-TEC customers will be eligible for the service.