Apple Issues New Security Updates For Its Mobile Operating System To Fix Crypto Wallet Vulnerabilities
Apple Issues New Security Updates For Its Mobile Operating System To Fix Crypto Wallet Vulnerabilities
January 28, 2021
Apple Issues New Security Updates For Its Mobile Operating System To Fix Crypto Wallet Vulnerabilities
Apple Issues New Security Updates For Its Mobile Operating System To Fix Crypto Wallet Vulnerabilities
January 28, 2021

Apple, the American multinational technology company, has issued new security updates for its mobile operating system after the iPhone maker discovered vulnerabilities that could compromise cryptocurrency wallets

It has been reported that the security updates, which were released Tuesday, affect iOS 14.4 and iPadOS 14.4.

However, the vulnerabilities allowed hackers to gain remote access to a target system, exposing the user’s cryptocurrency wallet.

The report said that Pete Kim, the Head Engineer of Coinbase, warned iPhone users to update their operating system immediately.

He said:

“If you are using a mobile crypto wallet on an iOS device, be sure to update iOS as soon as possible! The update includes a fix for a remote arbitrary code execution vulnerability that may have been actively exploited.”   

Likewise, Coinbase’s mobile wallet is the 13th most downloaded finance app on the Apple Store.

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According to the report, Apple’s security updates are available for iPhone 6s and later, iPad Air 2 and later, iPad Mini 4 and later, and the seventh-generation iPad Touch. The company said that the vulnerabilities “may have been actively exploited” by malicious actors.

Thus, mobile wallets are a popular way for crypto users to store and transfer their digital assets. They also make it easier to spend cryptocurrency on everyday items. 

Source: Cointelegraph


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Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with experience of 1.5 years. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space. She loves writing about blockchain and other blockchain-related articles.