This is a screenshot of the SMS the hacked iPhone users received.

(Credit:

Tweakers.net)

A hacker in the Netherlands broke into some jailbroken iPhones and sent text messages to the owners asking them to pay to find out how to secure their phones, according to postings in a Dutch forum called Tweakers.net.

One of the victims posted a screenshot from his iPhone of the SMS received. It said: “Your iPhone ‘s (more…)

.
He has also published the iPhone Open Application Development book to
develop unofficial native iPhone applications using the iPhone open
source tool chain.
According to him the new iPhone 3GS encryption feature can be cracked in two minutes with some freeware programs.
“It is kind of like storing all your secret messages right next to the secret decoder ring. “I don’t think any of us [developers] have ever seen encryption
implemented (more…)