Physical access is often considered total access in the infosec community.
It implies the ability to, with enough prep time ahead of the actual physical access, inject malware through a physical interface (USB flash drive, rogue peripheral/HID, directly interfacing with an existing HID device), among others.
Edit: and in this case it includes planting cameras and other recording devices which can be assumed to have effectively limitless video/audio resolution.
It implies using your laptop in public, or typing in a keypad. And keypads tend to be used to separate public and private areas (and even worse, people leave the scene immediately after using it, making the attack even more inconspicuous).
It implies the ability to, with enough prep time ahead of the actual physical access, inject malware through a physical interface (USB flash drive, rogue peripheral/HID, directly interfacing with an existing HID device), among others.
Edit: and in this case it includes planting cameras and other recording devices which can be assumed to have effectively limitless video/audio resolution.