I Lost my iphone- how safe is my data?

I recently lost my iphone and reported it so, had it blocked etc.
However, even though I had the ecurity lock on, how easy it is for the new recipient to crack the phone and thus my data? I'm obviously particularly concerned about emails, contact and photos.
To make things more interesting it wasn't running an O2 sim, but rather an Orange one (so it had been unlocked to work with my enterprise network). I know the 'emergency call only' feature was compromised by doing this (as a gleeful PC colleague took great joy in pointing out) so I'm concerned someone may be able to simply plug the phone in and access my data.
Should I be concerned? What preventative measures should I take concerning email settings? (I've changed my password for primary email account)
Thanks
Jon

If you bought your iPhone in the UK and it has been 'unlocked' to work with an Orange SIM, that's a violation of Apple's EULA and means you should not expect support in Apple Discussions.
Regarding your data security, it's probably relatively easy for someone to access your data - if your iPhone is hacked, it's not clear if remote wipe via MS Exchange is even possible (assuming you mean you are using MS Exchange/ActiveSync by 'work with my enterprise network').

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