First, password protect your phone and lock it. Then slide to unlock and do this:

1. Tap emergency call.
2. Double tap the home button.
Done.

You are now in your favorites. This seems like a feature, because you may want to have emergency number in your favorites for quick dial. The security problem here is double. The first: anyone picking up your phone can make a call to anyone in your favorites. On top of that, this also opens access to your full Address Book, the dial keypad, and your voice mail.

If that wasn't bad enough, the second one is even worse: if you tap on the blue arrows next to the names, it will give you full access to the private information in a favorite entry.

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