Security Flaw on iPhone???

Critical iPhone security flaw found
Fortify Software, a security firm, has uncovered a critical security flaw in the Apple iPhone which could lead to phishing attacks.
Because the iPhone only displays the first few characters of a URL in its Safari web browser, phishers could easily hide a fraudulent URL at the end of a link without the user even knowing it.
Even worse, the iPhone connects the browser and the phone in such a way that it may be possible to embed scam telephone numbers into a site to make the phone automatically dial the scam number.
Let’s hope Apple is working on a fix for this one because that is some scary stuff. Now, if you input addresses yourself and use bookmarks, the chances of being affected by this are relatively minimal. That said, watch out for strange emails and Google results — you can’t always trust that either.
Anybody read this? Any comments or thoughts??? Valid?

It's hardly a new flaw since disguising URLs in links has been common practice for some time. However, while the browser does indeed only show a limited number of characters from the URL being opened (more if in landscape mode than portrait) to get to the URL at all the user would either have to enter it manually, or encounter it in an email or web page where the full URL should readily be discovered.
It seems probable to me that over time, security holes will be found as in all accessible and discoverable devices on the internet. Based on experience with Apple and MacOS, I would have confidence that genuine weaknesses found in the iPhone will benefit from security fixes as expeditiously as possible.

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