Restricted access memory device providing short range communication-based security features and related methods

A memory device (32) may include a memory (34), a host interface connector (35), a short range communication transceiver (36), and a processor (38) coupled with the memory and the short range communication transceiver. The processor may be capable of storing data in the memory, and reading the data from the memory to the host device (31) via the host interface connector based upon at least one of receiving first authentication data including a password, via the host interface connector, from a memory access application (70) installed on the host device, or receiving second authentication data via the short range communication transceiver without use of the memory access application.