http://phandroid.com/2014/03/31/htc-one-m8-security-video/
I would be pissed!
Its true you shouldn't forget your password, but factory resetting????
I see the benefit of it though, but if that was an option in settings, I would probably have it off
Worst part is...a thief can have the phone factory reset, then sell it as if it was a brand new phone
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