When the iPhone was first introduced, there were a number of articles that talked about whether or not they would be supported in Enterprise environments.
Reading Gizmodo this morning, I ran across this video that shows a Unix security consultant hacking the iPhone such the he's not just able to retrieve email, but also install a remote recorder device and effectively 'bug' the iPhone. This effectively lets someone use the iPhone to record conversations and ambient noise in a room, even when it looks like the phone is off.
Any customer conversations. Any strategy discussions. Any board room discussions. Recorded while the phone looks like it's off.
And how long did it take to do this? Less than 5 minutes.
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Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.