Researches have discovered a method to extract passwords from an iPhone’s keychain in less than 6 minutes. Even if the front of the device is locked down, the user’s secret passcode is not needed, as the protection provided by the passcode is bypassed by the system.
The team from Fraunhofer Institute Secure Information Technology (Fraunhofer SIT) have written a paper on a system that can jailbreak and decrypt passwords from an iPhone’s keychain, giving them access to anything you might have on your iPhone. Such as Gmail account, corporate VPN, home WiFi, and MS Exchange. Watch the video after the break to see how easy the process is.
The best way to protect yourself from being open to this sort of hacking, when you lose your phone for instance. Is to setup a remote wipe facility before losing your iPhone. Which will allow you to remove all data from your iPhone via a remote command if you should lose or have your iPhone stolen. The free iPhone app Find My iPhone offers a good remote wipe facility.
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