Apple has release the iPhone OS 3.0.1 to address the SMS Security Vulnerability discussed at Black Hat cybersecurity conference in Las Vegas.
Stay away from this Update if you are using a Jailbroken or Unlocked iPhone.
We appreciate the information provided to us about SMS vulnerabilities which affect several mobile phone platforms. This morning, less than 24 hours after a demonstration of this exploit, we’ve issued a free software update that eliminates the vulnerability from the iPhone. Contrary to what’s been reported, no one has been able to take control of the iPhone to gain access to personal information using this exploit.
The release of iPhone OS 3.0.1 was expected since a UK iPhone Carrier O2 spokesperson claimed earlier today that a fix for SMS Security Vulnerability would be coming on Saturday.
Apple has also posted the security document to describe the issue.