At the SysCan conference in Taiwan this week, security researcher Charlie Miller will describe a flaw he discovered in the iPhone
A hacker that sneaks an app that exploits this vulnerability into the App Store would essentially have free reign over the phones on which it is installed, including access to photos and contacts.

To prove his point, Miller did just that. He submitted and got approved a stock price ticker app called Instastock. Unbeknownst to users who installed it, the app called in to a server at Miller

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