Germany manage to get passwords stored in a locked iPhone within 6 minutes

[From Eric Mann] iPhone security isn't as robust as what it should be as researchers in Germany manage to get passwords stored in a locked iPhone within 6 minutes. "Researchers in Germany say they've been able to reveal passwords stored in a locked iPhone in just six minutes and they did it without cracking the phone's passcode. The attack, which requires possession of the phone, targets keychain, Apple's password management system. Passwords for networks and corporate information systems can be revealed if an iPhone or iPad is lost or stolen, said the researchers at the state-sponsored Fraunhofer Institute Secure Information Technology (Fraunhofer SIT)." Read in full.