They have your lock screen password but not your iTunes password.
You thought they were a friend and let them borrow your unlocked phone.
Even for a security conscience person there are plenty of situations where someone could get your unlocked phone.
And most people aren’t security conscience. It’s to protect them, not you.
I'm not even security conscious, and always lock my phone before setting it down. I think it started because turning off the screen as soon as you're done saved significant battery life on the phones prior to them knowing if they were laying flat.
“Does your phone have a calculator? Mine’s in my bag and I need to add these values real quick.”
Remember [1]? Imagine an exploit not targeting safari, but somehow vulnerable via an app, a la [2].
[1] https://citizenlab.ca/2016/08/million-dollar-dissident-iphon...
[2] http://iphone.appleinsider.com/articles/16/08/29/apple-brief...