iPhone Security Breach Gives Hackers Access To Your Private Data. Researchers in Germany have deduced a method to retrieve, without your authorization, all of your iPhone’s secrets and passwords. And it only takes six minutes. Oh dear.
The attack, which requires physical access to the iPhone (i.e. the attack cannot be done remotely), reveals user passwords and other sensitive information. Encryption by itself does not provide protection; if your iPhone is lost.
What should you do if you lose your iPhone? Your best bet is to change any and all passwords that may have been used on the device