I look at my phone and realize it's a thief's dream, banking information, stored passwords, access to my social media accounts (to know where I might be or will be going next), ability to receive e-mail for password resets, PLUS it's the two-factor token for just about everything that requires a login and supports 2FA.
So, yeah, even before TouchID, I had a 6-digit passcode. With TouchID, it's now a complex alphanumeric string, since TouchID makes managing such a passcode easier.
To the right person, getting information off an iPhone would be child's play. We're just led to believe otherwise.
If that were true, then not only would Apple be committing perjury, but they would be conspiring with multiple law enforcement agencies, as well as heads of state in other countries, and coordinating some pretty amazing courtroom theatrics just to keep the ruse up.
http://www.reuters.com/article/2015...ion-idUSKCN0SE2NF20151021#4lmU7zzmXik3JyrP.97
http://www.vice.com/read/should-i-be-scared-of-the-snoopers-charter
And while some might argue that being paranoid and just assuming the devices are unsafe is a good position to be in, I disagree: that effectively means the fight has been given up. Citizens deserve privacy, and should fight to ensure that the technology they use will offer it to them.
Sure the prints are encrypted but someone would only have to know the encryption technique used by Apple
No, that's not how encryption works. Knowing the encryption technique does not mean you've cracked the encryption.
We're talking about protecting someone's iPhone here, not protecting national security. No way will these things be impenetrable.
Nothing is guaranteed impenetrable, but that doesn't mean you should just throw up your hands and keep your iOS devices passcode-free. For the majority of people, the issue is theft: theft of the device, and theft of the information contained within to cause more damage. While it's possible that a 3-letter agency might, in time, be able to crack a device and get the contents inside, most people are more worried about someone thinking of swiping your phone at the coffee shop when you're not looking, and maybe making a few money transfers with your banking app. A passcode lock and TouchID helps make sure they think twice about doing it.
A locked iPhone has far less value to most thieves than an iPhone belonging to someone who won't put a passcode on their phone, because oh well, it's bunch of hooey and the NSA knows what I'm doing anyway.
¯\_(ツ)_/¯
The phone probably has an Exchange account or other device profile placed on it by their employer. Policies can be set that require passcodes, and even how complex those passcodes need to be.