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No need to panic because Apple has fixed this with an update, but for years, yes, years, it has been discovered by Google that the iPhone was under attack (source).
Researchers discovered that just visiting a website using Safari on the iPhone could lead to your iPhone being attacked and if successful, it could install software to monitor your activities and gather information. This could then be sent back to its owners on the internet.
Images, chats, social and more, it could all be monitored and sent who knows where on the internet.
Many security flaws are theoretical and are not found in actual use by criminals, however, this one was found in the wild and was actively being used. Scary!
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