Researchers have broken into an iPhone 4S running the latest version of Apple iOS, making it possible to exploit the same vulnerability in the iPhone 5 that is set for release on Friday.

The white-hat hackers Joost Pol and Daan Keuper showed how they were able to steal contacts, browsing history, photos and videos to win $30,000 in the mobile Pwn2Own contest Wednesday at EUSecWest in Amsterdam, IT World reports.

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