The cracking of GSM "encryption" has been making the inter-rounds lately, and this week on the Security Now! Podcast, Steve Gibson takes a look at how badly it's broken, and what the potential risks are. In simple terms, it means what you say on your iPhone -- or any GSM phone, which includes all phones on AT&T, T-Mobile, Rogers, and almost all phones internationally -- can be intercepted, decrypted, and listened to if a person has several thousand dollars worth of equipment and the motivation to do it. In more complex terms: