The only good news about this particular decryption hack requires physical access to your phone and as you should be aware once someone has your device in their hands all bets about security are off.  The vulnerability exists on ARM-compatible Snapdragon system-on-chips and the TrustZone, a secure part of the chip which runs outside of the operating system and passes information pertaining to the encryption on your phone via the Qualcomm Secure Execution Environment.

It is possible to to exploit an Android kernel security vulnerability to load your own QSEE application which can then query the TrustZone for your unencrypted blob and RSA key.  From there it is simply a matter of brute forcing the phones PIN or password which then allows you access to all the encrypted data on the device.  The Register explains not only the vulnerability but also how TrustZone and KeyMaster work on your devices in this article.

"Essentially, if someone seizes your Qualcomm Snapdragon-powered phone, they can potentially decrypt its file system's contents with a friendly Python script without knowing your password or PIN."

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