I only travel with encrypted data - both my laptop (linux with luks) and my phone (galaxy nexus) use full disk encryption.
Currently it seems that the worst that typically happens is that they take your hardware away from you. I don't care too much about that as all my data is securely backed up in the cloud (tarsnap). The value of the hardware is maybe something like 1000 euros alltogether. Given how unlikely it (currently) is that this happens this is an acceptable monetary loss for me.
The only thing that bothers with my setup is that encryption in Android 4 is absolutely braindead, as it forces you to use the same password for the encryption as for the screenlock, although the security requirements are completely different: You want to use a really strong password for the encryption, but for the screenlock a short password is sufficient. Hopefully that will be possible in either one of the next versions, or one of the inofficial forks.
Currently it seems that the worst that typically happens is that they take your hardware away from you. I don't care too much about that as all my data is securely backed up in the cloud (tarsnap). The value of the hardware is maybe something like 1000 euros alltogether. Given how unlikely it (currently) is that this happens this is an acceptable monetary loss for me.
The only thing that bothers with my setup is that encryption in Android 4 is absolutely braindead, as it forces you to use the same password for the encryption as for the screenlock, although the security requirements are completely different: You want to use a really strong password for the encryption, but for the screenlock a short password is sufficient. Hopefully that will be possible in either one of the next versions, or one of the inofficial forks.