You're speaking as if HSM encrypted memory and strong hardware security are standard on all laptops these days. They aren't. Lockscreens can often be bypassed,

You're speaking as if HSM encrypted memory and strong hardware security are standard on all laptops these days. They aren't. Lockscreens can often be bypassed, especially if you have physical access. [1][2] All it takes is for the _exploit_ to be automated (not the actual act of stealing laptops) such that any random person off the street can do it. Then a targeted attack is no longer necessary; crimes of opportunity become the larger threat. [1]: https://www.digitaltrends.com/computing/microsoft-fixes-cortana-exploit-lock-screen-bypass/ https://www.digitaltrends.com/computing/microsoft-fixes-cort... [2]: https://www.theguardian.com/technology/2017/nov/29/macos-high-sierra-bug-apple-mac-unlock-blank-password-security-flaw https://www.theguardian.com/technology/2017/nov/29/macos-hig...