According to Gizmodo, setting up the password to protect your iPhone doesn’t protect any part of your phone whatsoever. With a couple of simple taps & double taps, you can squeak anybody’s password – and get access to all of the information – Mail, SMS, Contacts and Safari.
This is definitely a security flaw, no doubt about it. BUT it’s not a complete cluster-#uck, like some people are reporting.
Your iPhone would have to fall into the wrong hands for any of this to happen – so keep a close eye on it at all times and you don’t have to worry about it.
Check out a video of the iPhone password security flaw at Gizmodo.

