It has been little over a month since the iPhone first debuted on June 29 and Apple has already released the first firmware update for the device. The iPhone firmware update v1.0.1 will be delivered through iTunes when syncing with a Mac or PC.
Firmware v1.0.1 corrects a few flaws found in Webcore and Webkit, but perhaps most importantly, the upgrade closes the Safari Browser security breach discovered earlier this month, which allowed malicious pages to take total control of an iPhone.
Users with hacked iPhones may want to hold off for a bit, as there have been some reports circulating around the web that the update forced a full system wipe on such phones. Nevertheless, the iPhones are reportedly still functional. You can read the full Apple iPhone security bug fixes list in the comments section.