Is it possible to set up a basic anti theft protection to the phone like prevent shut down without unlocking? (restarts can be allowed)
This helps if someone tries to steal the device, if they can't immediately bring it offline, you can use something like trusted equivalent of Find My Device to turn on a siren or something (which might encourage them to throw the phone away)
I know this is not foolproof. Thankfully everyday thieves are not sophisticated enough.
Edit: or even better, GOS can provide a system level anti theft device where the phone can check a server (either official or user entered) to see if the phone is marked stolen and maybe siren up