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The strength of Apple’s security came under fire earlier this month after hundreds of celebrity nude photos, allegedly stolen from iCloud servers, flooded the Internet. While the exploit Balic says he reported to Apple shares a stark resemblance to the exploit allegedly used in the so-called "Celebgate" hack, it is currently unclear if they are the same vulnerability.
“The vulnerability allegedly discovered in the Find My iPhone service appears to have let attackers use this method to guess passwords repeatedly without any sort of lockout or alert to the target. Once the password has been eventually matched, the attacker can then use it to access other iCloud functions freely.”