New iOS security update patches cryptocurrency wallet vulnerabilities

New iOS security update patches cryptocurrency wallet vulnerabilities

Apple has released new versions of iPadOS and iOS. Both mobile operating system updates include urgent security patches that address bugs in the kernel and WebKit, which powers Safari.

Although the newly discovered vulnerabilities have the potential to affect all users, cryptocurrency users need to be particularly concerned. Previous versions of Apple’s mobile operating systems allegedly enabled hackers to access targeted systems remotely and could potentially expose the victim’s crypto wallet.

Although Apple announced the update on its website and through a device notification, the company didn’t go into great detail about the potential security issues that could plague cryptocurrency users. Rather it was Coinbase’s Pete Kim, who serves as the Lead Engineer on the company’s wallet product, who brought the threat to light.

“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,” said Kim in a tweet yesterday afternoon.

The mobile updates are available for all iOS 14 and iPadOS 14 compatible devices. This includes the iPhone 6s and later, iPad Air 2 and later, iPad mini 4 and 5, and 7th generation iPod touch.

To update their devices, users need to launch the settings app, tap general, tap software update and then choose the download and install option.

Aside from addressing security issues, the update also fixes camera bugs, keyboard glitches, and problems with accessibility settings.

More information on the security aspects of the update can be found at https://support.apple.com/en-ca/HT212146.

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