Before we could report the security flaw in firmware 2.0.2, Apple has admitted the existence of the bug and they plan to release a fix for it in September.

For those wondering what this security flaw is, it’s actually a way for other people to gain access to your contacts even if you’ve got the passcode feature turned on. By simply pressing the Emergency Call button and tapping the Home button twice, the contacts in your Favorites will pop out nullifying whatever protective feature the passcode lock has on your iPhone. There have been reports that you can avoid this bug by assigning a different function to the Home button, but then, that’s just a temporary solution to the problem. According to Apple, this security flaw also affects the iPod Touch though we don't specifically know how.

This isn’t the first the first time the security flaw hit the iPhone and iPod Touch. Back in January 2008, Apple had already released a fix for this problem and it, apparently, has made a comeback in the latest firmware update. From a company who has built a reputation for employing such strict security measures on their products, is this a sign of things to come? I certainly hope not.

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