You have to update your iPhone with version 3.01. This fixes an SMS vulnerability.
The flaw, disclosed by security researchers Charlie Miller and Collin Mulliner, could have allowed a vulnerable phone, such as an iPhone, to be taken over remotely. Apple attributes the flaw in the CoreTelephony framework to a memory corruption issue in the decoding of SMS messages, and credits the find to Miller and Mulliner.
The update is available now through itunes, just plug in your iPhone to your PC or laptop with iTunes and get your iPhone Updated as soon as possible.
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