On Thursday, they demonstrated in a security conference and showed how they can take advantage of this exploit to hijack iPhone and gain complete control of it including making phone calls, visiting websites, taking photos with camera and even revealing personal information.
Due to the severity of the vulnerability, just a day after security researcher showed off the hijack, Apple releases a security patch (i.e. iPhone 3.0.1) to eliminate this vulnerability from 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.
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