The presence of this data on your iPhone, your iPad, and your backups has security and privacy implications. We've contacted Apple's Product Security team, but we haven't heard back.
What makes this issue worse is that the file is unencrypted and unprotected, and it's on any machine you've synched with your iOS device. It can also be easily accessed on the device itself if it falls into the wrong hands. Anybody with access to this file knows where you've been over the last year, since iOS 4 was released.
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