“On Thursday researchers at Finnish cybersecurity firm F-Secure said they have spotted the first known instance of iPhone ‘spyware’ called Mobile Spy, a piece of commercial software that sells for $99 a year,” Andy Greenberg reports for Forbes.

“Mobile Spy developer Retina-X Studios says the software can invisibly track the call logs, text messages and even the GPS data of any iPhone it’s installed on, allowing the eavesdropper to track the user’s whereabouts on a Web site that hosts the stolen data,” Greenberg reports.

Greenberg reports, “‘Mobile Spy will reveal the truth for any company or family,’ the company’s site advertises. ‘You will finally learn the truth about [your family members' or employees'] call, mobile-Web and text-message activities by logging into your Mobile Spy account from any computer. The world’s first iPhone spy software!’”

Greenberg reports, “While Mobile Spy currently targets only iPhone 3G users, another vendor known as Flexispy advertises a similar program that is compatible with both iPhone version launching Dec. 21. Both programs require the user to ‘jailbreak’ their targets’ iPhone.“

MacDailyNews Note: Bold added for emphasis.

Full article here.

[Thanks to MacDailyNews Readers "Fred Mertz" and "Carl H." for the heads up.]