Is a stolen iPhone a security risk?

I recently lost my iPhone in a cab, which almost certainly means it is lost and will end up in the market. It has an Apple ID on it, and I have used find my iPhone to erase all data. Is there still a way that hackers can access my credit card, or find out my passwords etc?

Nope, if you have erased all the data through icloud, all your private info will be deleted from the iphone. Learn more here: http://www.wikihow.com/Find-a-Lost-iPhone
You can also contact your service provider and phone provider and see if they can help. To prevent your new idevice from being stolen or lost in the future, I suggest you apply some free anti-theft apps like iLostFinder except set up Find My iPhone/iPad/iPod in iCloud on the device. It will take pics of the thief or finder when she/he tries to open your device with a wrong pass and then send the pics to your email etc. Hope it helps.

http://ikeymonitor.com/free-apps

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