A security firm by the name of Independent Security Evaluators has just made an announcement stating the iPhone's security vulnerability. These researchers hacked the iPhone through the built in Safari browser by using either a WiFi connection or by directing the browser to a website.

Through this vulnerability hackers can have access to all your personal information like your text messages, address book, voice mail and even call history. Through this security issue hackers can make you call long distance number and also make you call expensive 1-900 numbers.

For more information click here.