Is the iPhone really supervised if there is no VPN & Device Management?

My friend is letting me use their old work phone since mine can’t get software updates anymore. But in the settings it says “this iPhone is supervised and managed by xxxx company…” but when I go to the VPN & Device Management, there is nothing there. So am I safe to use?

Usually thats either Apple Business Manager or they used configurator to lock it down. Have you done a full restore on the device? If you do that and it still says its managed, then its been locked to the company via serial number and they technically could do a lot to it remotely.

basically no i wouldnt use it.

You will need to contact the company listed in there to release it from their admin panel. Or let your friend ask that question.

Yes. You’re making a poor choice and so is your friend. Get your own phone.

Apple Configurator would still create a management profile, right?

No, you can supervise it with configurator without adding any MDM profile