I'm trying to learn more about this, so I have a question, perhaps someone on here can answer.
If Apple were to create this software, and it were to fall into the wrong hands, by far my biggest concern would be my financial information. So, what's the interaction between this "key" that Apple is being asked to create and the security around my financial information, which I access on my phone through apps developed by my bank? Isn't there also a level of encryption at the app level, so that they would need yet another "key" to get at it?
(obviously there are a number of issues at play, this is just one that occurred to me, which I haven't seen discussed yet)
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