Also, don't ever expect Apple to do anything ASAP. Even if the whole world shouts at them, they won't say anything. They take their time to (hopefully) think this through.
For this specific thing, no. But this was a fairly blatant act by the hacker. What if they silently read your iCloud mail, or used the Find my iPhone functionality to stalk you.
In case of cookie sniffing, Google shines. They show you the IP addresses of people who have used your account recently. If you (or them) spot an stalker, you can reset the password. I don't know how effective that could be with 3G, but at least
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That said, It's no secret that Apple's password system is absolute garbage. I had to reset it 5 times last month because someone was trying to get to my iCloud account (probably brute-force). Apple would de-activate my account and would require me to re-enter security questions and choose a "new" password that I haven't used in the past year. And every time I had to spend an hour typing the new password in my various devices. AND I WOULDN'T RECEIVE MAILS IN THE MEANTIME. Just ridiculous.
Many sites use things which are public information (mother's maiden name) but even question's like "Where were you on this important date?" or "what was your first car?" start to look pretty silly in the age of Facebook. Worse, a dropbox-loving facebooker who's checking his gmail account from his iPhone probably has enough information in many of those places to compromise the other accounts.
like, put the first name in "Mother's maiden name", or the middle name, or swap their position
And you are right to treat it as a passsword
Bank: I'll just need you to confirm your mother's maiden...um...um
Me: Yes, it's a long string of random characters, want me to read it?
Bank: No, that's ok, thanks.
This type of thing is going to happen more and more and the fact that remote wipe of all the devices happened totally negates any advantages of using cloud services. I mean, what's the point of having everything backed up remotely if
a) the backup is not current b) the same remote servers can wipe your devices at any time
In addition, it's possible the remote backups could be removed as well (although not sure about that for iCloud) and in that case, you might as well not back anything up and have a hard drive die (at least that could be recovered I suppose).
Apple needs to jump out in front of this asap and announce a policy change in regards to security in order to put people at ease. I'm glad this is making waves and I think there needs to be more noise about it in order to get them to change.