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Thieves are spying on iPhone passcodes before stealing the device to gain access to personal data and money.
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The victims interviewed were out socializing at bars and other public places at night when their iPhones were stolen.
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Thieves can reset the victim's Apple ID password and turn off Find My iPhone, preventing tracking or remote erasing via iCloud.
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Thieves can remove other trusted Apple devices from the account to lock out the victim.
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Thieves can change an Apple ID's contact information and set up a recovery key to prevent the victim from recovering the account.
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With knowledge of the iPhone's passcode, a thief can use Apple Pay, send Apple Cash, and access banking apps via iCloud Keychain.
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Thieves can bypass Face ID or Touch ID using the passcode, even if enabled.
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Thieves can find a victim's Social Security number in photos stored in apps and open an Apple Card.
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Access to other passwords stored in iCloud Keychain allows the thief to access email accounts and sensitive information.
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Thieves can essentially "steal your entire digital life."