Hi,
This means when flash is secured, your firmware, your code running in the chip can still read flash erase program, internal.Not programmer .If you want to operate flash, you need a mass erase first,or if you enable backdoor key ,you can use a backdoor key to make flash unsecure.Or if you disable mass erase .Your debugger is disable,you can not launch a mass erase,but if you make a function that can get the command to change the 0x40C via a uart or a spi ,and so. That is possible to unsecure the flash.

Jianyu:
Have a great day,
TIC
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