There’s no such a thing as small price to pay attached to privacy. You either have it or you don’t.
The specs are here: https://manuals.info.apple.com/MANUALS/1000/MA1902/en_US/app...
Page 139 onwards.
If you can find a security/privacy hole in the spec, I think Apple will compensate you pretty well.
Not something a regular dude off the street will be doing any time soon. =)