Apple's iBoot source code is the program that loads iOS when the device turns on.
However, making the code public could allow intrepid hackers to sniff around in iBoot and find their own vulnerabilities, only instead of reporting them to Apple, they could tap into the flaws and use them as vectors of attack against iOS. Apple, as a general rule of thumb, keeps most of their source code private, which is why this phenomenon is certainly a rare problem for the tech giant. First off, believe it or not, there are a ton of users out there who own Apple devices that are more than three years old; MacWorld says that almost 95% of Apple customers use older versions of iOS.
Doesn't seem like a lot, but with over a billion active iOS devices in circulation, that small percentage expands out into around 70 million devices.
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With iBoot out in the open, it could make it easier for hackers to spot vulnerabilities in the software. Again, the typical iPhone user is probably not in any danger, thanks to Apple's recent security upgrades on their devices. This ensures the code on the phone that's being run originates from Apple.
Fortunately, numerous risks associated with the leak have been mitigated.
The code itself is from iOS9, and although the most current iOS is iOS11.2.5, the older code may still be used in the updated operating system.
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By design, "the security of our products doesn't depend on the secrecy of our source code", Apple wrote in the statement.
In a statement provided to our sister site CNET, Apple said that the code was three years old, and is only one part of its approach to security.
Only 7% of iOS devices are using a version older than iOS 10, which was released in 2016, to Apple's website.
"If Apple built iBoot securely, this leak should have little impact", he said. The iBoot source code might have been out in the wild web for about 4 months.
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Cyber security expert Amit Sethi from Synopsys said the leak was unlikely to have a major impact on users.