By "Jailbreaking" an iPhone, users are able to use their iOS powered handset to do things that the device is usually not capable of doing. Unfortunately, it leaves users open to having their Apple ID and password stolen by the malware. It also allows hackers to steal each iPhone's unique identifier, security certificates, and keys that help run the iOS push notification system. Those breaking in to jailbroken iPhones can obtain data from the App Store that can allow them to install App Store apps for free.
With the credentials stolen from a victim's Apple ID, those using the malware can impersonate other iPhone users and ring up large App Store purchases. Hopefully, Apple will soon send out a software patch that will end the ability of "KeyRaider" to do so much damage.
source: AppleInsider

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