iPhone Virus Can Wipe Out Your Bank Account

With calls and SMS fees, that is

Oh no! Not an iPhone virus! (Photo: www.thehenry.net)

I am an iPhone enthusiast. It’s mightily expensive, but I’m hooked. I haven’t had to take out payday loans or cash advances to finance my habit, but it does occupy a significant portion of my budget each month, particularly since I have the unlimited data plan. If the time ever came that I was taking out loans to help finance my iPhone usage, I know that I would scale things back. But since that doesn’t happen (and I do tend to use my phone for business as well as personal things), I have no plans to change. However, if the iPhone virus ever comes to my phone, I might reconsider.

Yes, an iPhone virus

All of this time, one of the major selling points Apple has used for products that run off their brand of OS is that it is less susceptible to viruses than Windows. While that may be true, I’m sure they aren’t happy to know that an iPhone hacker can shut down or take control of somebody’s iPhone simply by sending an SMS message.

Elinor Mills reports for CNET News that there is a known iPhone SMS hack in which a special kind of SMS message can be sent to do its malicious work. Researchers have even demonstrated publicly how this works, at the Black Hat security conference. There is currently no correction patch to fix the issue. This would be forgivable if this iPhone virus is something Apple just discovered. However, they were notified about this iPhone hack at least six weeks ago, writes Mills. ... click here to read the rest of the article titled "iPhone Virus Can Wipe Out Your Bank Account"