Update: Apple has now stated that they will patch the hole in the next few weeks. Source: Yahoo
Security researchers are warning that due to the exploit that JailBreakMe.com uses we can quickly expect malicious hackers to develop back doors to modify and install malware on your IOS devices. This impacts any iPhone/iPad/iPod Touch that is running the latest version of IOS 4. Hackers could find ways to steal data from non jailbroken products that run IOS such as passwords and documents. When asked Comex who developed the tool to JailBreak the latest IOS stated that Apple may deploy a security update soon. The next version of IOS version 5, includes safeguards that do not allow loading of custom rom’s on the iPhone unless they’re specially signed by Apple. So if you upgrade to 5.1 only certain flagged builds of 5.0 would allow you to downgrade.
iPhoneDownloadBlog is reporting that Jailbreakme.com is up for auction on GoDaddy.Com which itself is up for sale as well. Interesting coincidence? Unfortunately for the JailBreakers at Jailbreakme.com losing that domain name is actually a bad thing. How much time and effort goes into your search engine ratings? It’s not going to just automatically follow you, and if you change your group name because you changed your domain name, then you can kiss that all goodbye. Sebastien makes a good point that it will probably become some spammy page, it’s a common occurence when popular domains fail to renew themselves and you lose out. Worse is if someone jacks your .whatever’s and you have customers who mistakenly think you’re a .net or .org and they quit coming to your site after that. Not that it’s economically feasible to register every suffix in existence, but it’s more an issue of protecting your brand.
Ultimately it’s up to anyone who has a blog or whatever on how much your brand is worth and how far you’re willing to go to protect it. Apple spends millions of dollars a year on dealing with people moving in on their product names, and today there’s a lot of money involved in common spelling mistakes around popular domain names. For awhile WhiteHouse.Gov had an issue with the .com being an adult website, but today is just an ad laced landing page.
This report over at AppleBlogz points out a change that Apple is making where restoring to previous iOS 5+ firmwares will no longer be possible except certain “Blessed Versions”. This probably is to help with OTA updates which could cause problems if you rolled back, but is also probably to thwart JailBreakers as well.
According to this tweet. iOS 5 has already been Jailbroken. It’s not really a bad thing that jailbreaks happen, because it forces Apple to close security holes that could otherwise be used to attach the phones.