After a recent and unsettling experience of having my iPhone stolen a few weeks ago, I have tried to harden the security settings on my new device. The old device has still not responded to a remote wipe request via Find My iPhone, so I presume that will never happen.
On the new device, I have turned on the "Erase data" setting in the Touch ID & Passcode settings: "Erase all data on this iPhone after 10 failed passcode attempts".
I know that, in the event the erase happens, this will disable the Find My iPhone client on the device, but will it also disable the iCloud Activation Lock? That is, will someone be able to exploit deliberately the erase process to obtain a factory clean iPhone to use and activate as he wishes?