Developers of third-party iPhone Apps may have a way to circumvent Apple's iTunes App Store approval process for their updated Apps by executing arbitrary code from within their own applications whenever they choose to do so.
The newly discovered exploit reveals itself via a technique discovered by developer Patrick Collison and is documented on his blog. Essentially, Collison, discovered a workaround that allows for the display of dynamic default.png images. These images load whenever apps are launched on the iPhone. An Xcode Project demoing the exploit can be downloaded and a video demoing the exploit can be found … Read more