In an announcement that resembled a Jacques Cousteau special more than a security report, it was revealed today that the first iPhone Trojan has been discovered "in the wild."

According to F-Secure — a major security and anti-virus company based in Finland — the Trojan was masked as an update to a third-party application, meaning only phones set to allow third-party software were affected. Apparently, the exploit displayed "shoes" on the phone's screen, while surreptitiously deleting all the contents of the phone's /bin directory. It was not immediately clear if the issue was reversible, as Apple's Genius Bar does not repair modified phones.

The site hosting the exploit — which F-Secure said was created by an eleven-year-old's XML experiment — was taken down immediately after the discovery, meaning it is unlikely to affect users further.

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