Apple Steps Up Security after iPhone 5 Loss

The world's largest consumer electronics company posted jobs on its website, looking for people responsible for managing risk associated with Apple's unreleased products.

The individual will collaborate with other security managers by contributing to, and managing execution of, strategic initiatives set forth by Director, Global Security, the job posting reads.

In addition to the physical products, the new manager will also ensure intellectual property will be kept in safe hands as well.

Apple reportedly lost a prototype iPhone 5, the next iteration of its yet-to-be released smartphone, in a bar in San Francisco this past month.

 Police issued a statement Friday that they had traced the phone back to a residences, and Apple employees accompanied them as they raided the home.

The two Apple (security) employees met with the resident and then went into the house to look for the lost item. The Apple employees did not find the lost item and left the house, the police statement said.

The homeowner, 22-year-old Sergio Calderon told media outlets that he had went to the same bar where the device was lost but had had no knowledge of the missing phone.

The case eerily echoes the loss of the iPhone 4 prototype last year,

when Apple employee lost an iPhone 4 prototype at the Gourmet Haus Staudt beer garden in Redwood City, Calif.

The people who found the device sold it to Gawker Media, parent company of tech blog Gizmodo, which dissected it in a lengthy and much-circulated posting.

Apple declined to comment on the current case.

Analysts are expecting the next iPhone 5 to arrive sometime in the fourth quarter.

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