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This highly depends on the motivation of your attacker. If someone really wants the data stored on a hand held, they would tap the flash chips, and read the data out that way. With the correct equipment, dissembling the device and extracting data from flash would be a matter of minutes.
With the 10 password entry limitation, brute forcing the password wouldn't be a good way to access the device.
Make the call based on your threat model.
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