Recently, a flaw was discovered in iOS 6.1 that allowed people to break into a passcode protected Apple iPhone. While the issue was not addressed in iOS 6.1.1 and iOS 6.1.2 updates, the security issue has become way too serious to avoid. As we previously told you, Apple has passed along to developers iOS 6.1.3 beta 2, which includes a fix for the initial passcode exploit.
What we don't know is whether the new OS build includes a fix for another passcode flaw seen on a video produced by Vulnerability Labs. The video shows how the passcode lock can be disabled by dialing and then cancelling an emergency call while playing with the power button. The combination allows someone to gain access to your phone and view your photos and contacts list. The person could even load them on to a PC using a USB cord, whilebypassing your passcode protection.
Since the second flaw is connected to the first, it is hoped that iOS 6.1.3 will be able to close both openings at once. Apple has acknowledged the flaws but has not mentioned a timeframe for the release of the next update.
source: VulnerabilityLabs, Threatpost
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