IPhone vulnerability leaves your data wide open, even when using a PIN
engadget.com
engadget.com
edit: I'm no expert and read too quickly the level 4 you mentioned, but at least isn't overall level 1 better than iphone's overall level 0?
Overall Level: 1
Edit: To those who downvote, please read up on the full FIPS 140-2 specification. http://en.wikipedia.org/wiki/FIPS_140-2
With this scheme, the data is protected by a 128 bit symmetric cipher key. There is a small chance that the PIN could be guessed by luck (0.15%) but this is much better than nothing.
Edit: You'd have to disable the 4 digit PIN decryption if more than 15 or so attempts in a row fail.
On second thought, there are numerous ways this could be vulnerable to a side-channel attack.
Would the side channel attack work if you only had access to one particular iPad on one occasion?
EDIT: One side channel that would be nasty - the greasy fingerprints on the keypad! (Perhaps the keypad could move to random locations?)
From the standpoint of industrial espionage operation, a 0.15% chance of success is pretty dismal. This is only good for the standpoint of protecting a particular device. If there is a secret that absolutely must be protected on every single device, I think that the company's security has much bigger problems than iPhone PINs.