Password is the key that allows anyone to access anything with the help of it. The password which you set for your iPhone, by taking all safety measures and if by some how hackers can able to get access to it in just six minutes; then, it creates a horror like situation.
According, to a group of German researcher, they are claiming that, this type of crack is actually possible and hackers can do this by extracting the saved password using Keychain password management system of the iPhone in just six minutes.
What hackers do to get the password is, they just remove the SIM card from the iPhone, jailbreak it and SSH a keychain access script onto the phone. Now, within six minutes, the password for Microsoft Exchange accounts, Wi-Fi, Virtual Private Network (VPNs) and even password of some applications will be available for the hackers to use.
The only way to avoid this problem is to change the password of your iPhone immediately, as you lost it.
So, If some how you have lost your iPhone, Please change your password asap. Stay Tuned to Tipsneeded for such new security updates!