It spreads through text messages. Quick Story: If you get a "very strange or unusual text message," immediately turn off your iPhone and restart it.
What exactly does this virus do? Well, first, let me clarify that it is NOT an actual virus--it's more of a hack, though many people are considering it a virus. What happens is the SMS text message allows the hacker to gain control of your iPhone and essentially do whatever he wants to it--whether it be make phone calls, send MORE text messages, gain access to your contacts and whatever else they want to do with your information. Everything on your iPhone is at risk with this security hole.
Major security flaw leaves iPhones vulnerable for SMS texting virus and other hacks
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