At our security group meeting on the 19th August, Sergei Skorobogatov demonstrated a NAND backup attack on an iPhone 5c. I typed in six wrong PINs and it locked; he removed the flash chip (which he’d desoldered and led out to a socket); he erased and restored the changed pages; he put it back in the phone; and I was able to enter a further six wrong PINs.
Sergei has today released a paper describing the attack.
During the recent fight between the FBI and Apple, FBI Director Jim Comey said this kind of attack wouldn’t work.