New iPhone worm can act like botnet say experts

Attention iPhone users! There is a worm exploiting Jailbroken iPhones when unsuspecting owners access online banking through their iPhone. This is currently a problem in the Netherlands and elsewhere, but it could eventually spread to the United States.

People are reporting money missing from their bank accounts when the phone gets this virus. There are some ways to detect if your iPhone has been compromised. For more information on this virus, read more at BBC News or Mashable.

If you own a (Jailbroken) iPhone, here is a quick, step-by-step article by Chris Leckness of iPhoneMVP that will help you protect your phone by changing its root password.