“Not good, but then I had to wonder what the Facebook app stored. Popping into the Facebook application directory I quickly discovered a whole bunch of cached images and the com.Facebook.plist. “What was contained within was shocking. Not an access token but full oAuth key and secret in plain text. Surely though, these are encrypted or salted with the device ID. Worryingly, the expiry in the plist is set to 1 Jan 4001!"
As for the USB connection scenario, Facebook says there’s no way to fix this problem. Note that in this case it doesn’t matter if your device is jailbroken or not, because whoever is doing the deed has physical access to your phone or tablet.
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