Apple has rushed out a patch for multiple
security holes that allowed ‘drive-by download’ jailbreaking of iPhone
and iPad devices.

The flaws, exploited by the Jailbreakme.com
project, essentially allowed remote code execution attacks via
specially rigged fonts and escalation of privileges to escape the iOS
sandbox. The Jailbreakme.com project used rigged PDF files to deliver
the malformed fonts.

Here’s the skinny on the three vulnerabilities patched by Apple with the iOS 4.3.4 software update:
The iOs 4.3.4 update is available for iOS 3.0 through 4.3.3 for
iPhone 3GS and iPhone 4 (GSM); iOS 3.1 through 4.3.3 for iPod touch (3rd
generation) and later; and iOS 3.2 through 4.3.3 for iPad.
[Thanks: http://www.zdnet.com]