All locks can be picked, but it takes more skill for the better ones. Modern encryption is (so our math says, though i'm not sure what the limits are) essentially unbreakable, and so a better solution.
The ability to gain entry is trivial given a few minutes and intent.
The locks in my house are there so the glass has to be broken. The glass is there to give me enough time to respond.
If someone is picking my lock they are involved in a hit, not theft.
Which I then questioned what the hell am I doing adding a deadbolt to a door with a massive window. If someone wants to get in, they're gonna get in. The only thing that really keeps my family safe is the fact the vast majority of my neighbors don't want to hurt me, not some lock on my door.
Just further shows the futility of putting an expensive lock on a regular home door. If someone wants in, they'll get in. The lock is definitely more of a "please don't come in" than anything real.
Cameras and alarms help a bit more.
The possibility of someone being home or men with guns responding is a big deterrent. Smash and grabs are usually done on cars not homes.