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You have an option that allows you to erase all data on the iPhone after 10 failed passcode attempts to protect the data in case your iPhone's stolen.
This new concept video of a new feature for iPhone 5, which uses Siri takes things to a whole new level, if you think the remote wipe feature is not good enough.
The concept video titled "Siri Hidden feature on New iPhone 5" was create by AatmaStudio.
If you can't have the iPhone, no one can.