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Reinstalling the OS sucks. I need to pull all my bank cards out of my safe and re-add their CVV's to the wallet, and sometimes authenticate over the phone. And re-register my face. And log back in to all my apps. It can take an hour or so, except it's spread out over weeks as I open an app and realize I need to log in a dozen times.
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There was a magical period. I suspect it ended with the introduction of the Secure Enclave. But maybe it was a little later.

An encrypted iTunes backup of a device was a perfect image. Take the backup, pull the SIM card, restore the backup to a new phone with the sim card installed, and it was like nothing had happened.

No reauthentication. No missing notifications. No lost data. Ever.

It was nice.

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Security theatre killed this. Everyone must be assumed to be a moron incapable of living with the consequences of their own choices at all times.
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It's not theater. If an attacker can duplicate your device, that's a problem.
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Says who? How do you know what’s on my device, how much it matters to me, and what countless other options I have for recourse if that did happen?
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> And log back in to all my apps

Isn’t this built in when transferring devices? Are backups different?

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Some information stored in Secure Enclave and cannot be pulled out from there by design.
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