I would suggest that something that takes 30 hours and more than a $1K worth of of specialized equipment (plus the expertise to use it) to hack into pretty secure. Not bulletproof but pretty dang secure. Unless you're a secret agent, I'de say this is all the security any of us need.
Thats the prototype. Someone will simplify it. Someone will write a program to do the image processing. You don't need the scanner and printer, do it in a copy shop.
One phone unlocked as a thief, and you got more than your expenses paid.