Surprisingly enough, this video demonstrates a serious flaw in the iPad 2’s iOS 5 operating system. It allows any user to bypass the password screen and access emails and personal data within seconds.
All it takes are these three steps:
This security flaw lets anyone access applications that are already running. The only way around this for now is to close all foreground applications before locking the iPad.
The only solution to the iOS security flaw is to go into your general settings menu, and then disable smart cover unlocking. Until apple addresses this bug this is the only method of securing your data at this time.