This is pretty big in area of the US so imagine it’s onlt a matter of time before it catches on more over here. Instagram is far worse if you leave on geo tagging of photos you upload.
Post photos of you bikes at your house. Use geo tagging to view location of your house. Keep keeping your Instagram account for updates. Post photos of being at a bar wirh your mates. Thieves see account update and promptly break into your property and steal bikes.
Sounds like scare mongering but I said, it’s happening a lot in the US. Disable geo tagging of photos taken but your digital device will go a long way to help with regards to Instagram.