An app designed to maliciously steal data from the phone has been removed from the App store. The software was created by security expert and hacker Charlie Miller to demonstrate Apple's vulnerabilities. The app called instaStock was designed to look like a stock checker and was approved for use by Apple in September.
This is quite an embassment for Apple as their closed system is designed to ensure this could not happen, but the InstaStock app took advantage of a recent update to Apple's mobile operating system which allowed non-approved code to be added to installed apps for the first time.
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