A vulnerability has recently been discovered in the iPhone. Apparently by sending a single character text message or a series of blank messages to an iPhone will confuse it and open it up for attack.

Many people use their iPhones and apps for many aspects of their lives so if their iPhone were to get hacked it could be detrimental. The attacker could get everything from contacts to personal and financial information.

As of right now Apple has not released an update to fix this security issue.  It is not perceived as a serious threat at this time but iPhone users who want to be safe can simply power down their iPhones for now until an update has been released to deal with the issue.