It seems like at least once a month we report a story about the iPhone’s security problems, and this latest security revelation is a bit shocking.

Researchers from the German Fraunhofer Institute Secure Information Technology have discovered a way to crack iPhone passwords via jailbreaking in about 6 minutes.

We don’t mean your iPhone’s dinky 4-digit passcode either; we mean everything stored in your keychain; email, VPN, Wi-Fi, the list goes on…

The above video showcases the entire process of hacking your iPhone for its precious unmentionables.

The process includes jailbreaking your iPhone, accessing the file system, copying your keychains, and then executing a special script on a desktop in order to decrypt your passwords.

It’s probably not something your average person is going to be able to do, but even those with a little bit of know how could probably pull this off if they had the desktop tool.

Interesting stuff. The best security is to keep your iPhone in your sight at all times.

What do you think about the iPhone’s continuing security woes?

[IBTimes]