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The App Store's Weakness is Also a Strength
Apple's protectionist App Store, which requires Apple to approve and authorize every app that gets installed on an iPhone, iPod Touch and now iPad, has gotten a lot of criticism from folks because it's such a closed environment. While that criticism is valid - the closed App store makes it very difficult for companies to develop their own apps and essentially allows Apple to shut the door on any 3rd party ISV (Independant Software Vendor) they want to - it does have some benefits.
In the linked article we learn that a trojan - bad or hostile software pretending to be good stuff to entice you to run it - masquerading as a legitimate game for Windows Mobile devices has been found in the wild. If you get infected with this malware it will use your Windows Mobile smart phone to, unbeknownst to you, make expensive international phone calls.
Because, at least theoretically, Apple thoroughly vets each application before it's approved for the App Store, iPhone users should be protected from these kinds of attacks. I say "theoretically" because there is always the chance something could slip by.
The fact that these kinds of attacks are out there just underscores the need for everybody to exercise caution when downloading and installing any applications - especially those that claim to be games or other entertainment.