Apple along with several big name security researchers are warning that the recent exploit used in JailBreakMe to Jailbreak iOS4 could mean bad news for iPhone and iPad users. Both exploits could potentially allow would be hackers easy access to the devices 'root' control privileges.
The JailBreakMe exploit utilizes a hole discovered in the way Safari reads and parses PDF files. This security vulnerability allows the JailBreakMe site to gain access to the 'protective sandbox'. The second security vulnerability allows the code to get out of the 'sandbox' and access root control privileges for the device -- potentially allowing hackers the ability to install rogue apps that could monitor user actions. The end result is that the program can then have unrestricted access to your iPhone or iPad or iPod Touch on virtually all versions of iPhone firmware.
On Wednesday an Apple spokeswoman told Cnet via a statement, "We're aware of this reported issue, we have already developed a fix and it will be available to customers in an upcoming software update."
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