This week is taking place in Vancouver on Pwn2Own 2010, a competition in which participants compete for great prizes to exploit security problems in smathphones and web browsers.

On the first day of the event two European security experts, Vincenzo Iozzo, Ralf Philipp Weinmann, exploited a known vulnerability in the iPhone with which you made the SMS database in 20 seconds, including text messages that had been previously eliminated.

While obviously not been given details of the exploit, Weinmann explained that by visiting a malicious site can capture the SMS database and sent to a remote server for checking. He also said the same bug can be exploited to extract the list of phone contacts, like emails, photos and music stored.

The expert duo won a prize of $ 15,000. And the event sponsor, TippingPoint, has become the sole owner of the rights of the vulnerability, which will be reported to Apple to be solved.