[RKDinOKC]

Yeah, something about you walk off and leave your phone it will lock up so someone can't get into the company data.

If you have an iCloud account you can put your iPhone in stolen mode. It will turn off all notifications, ringing, etc. But doesn't delete your files.
At least unless a thief uses the swipe up control center to put the phone in Airplane Mode. Then it can't be found with "Find my iPhone."