Apple is scrambling to fix the latest in a series of glitches plaguing their iPhone recently. The flaw, discovered earlier this week, is remarkably simple to expose, involving just a few simple taps on a PIN-locked iPhone to expose private data such as email accounts, browser bookmarks and the address book.

Apple issued a statement saying that a fix for the problem is due next month in a software update. While the company is calling this a minor security issue and indeed there is a fairly easy workaround to avoid being exposed, news of the flaw could be seen as a blow to Apple's aspirations to have the iPhone compete in the business market. For all the praise the iPhone gets in the press and from fans, it's almost perplexing to see this rather embarrassing security hole plaguing the device.