I got very concerned this week after reading and trying it out myself that someone malicious can completely reset and hijack pretty much everything on your phone as well as iCloud account if they see you typing your passcode and then take your phone.
See this article:
non-paywall: https://archive.ph/5TjOQ
Is there anything to do to protect against this? Can this function be deactivated? As it is, I'm thinking of deleting financial apps from my phone that can initiate any kind of money transfer...
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