Technologizer is reporting on the developing story on SMS attacks coming out of today's Black Hat Conference sessions. Seems like while the iPhone is grabbing a lot of attention, almost all GSM phones are said to be vulnerable. Basically, they get around the anti-spoofing security and send data designed to get access and take control of the phone.

On the iPhone specific side, however:

In a final coup for the conference, Lackey and Miras demonstrated an iPhone app they call TAFT which can, at the click of a few buttons, transmit various types of attacks against specific, vulnerable phone models, including iPhones, and phones running the Windows Mobile 5 and pre-”cupcake” Android operating systems.

Vendors, including Apple are working on patching the exploit, though there is still no word which specific models or firmware versions are vulnerable.

More as the story continues to develop.