Steve Jobs, Apple Inc. well-known CEO and co-founder, gave his word that the recently-discovered security fault of the iPhone 3G will be fixed very soon.  

The security flaw in the Apple iPhone makes it possible for unauthorized users to gain access to the private information on the user’s handset. According to MacRumors.com, Apple’s iPhone which runs the iPhone 2.02 software are “hackable” in only three taps. To exploit the flaw, an unauthorized user would only have to press the emergency call button at the unlock screen and then tap the home button twice. The flaw gives anybody who knows about it almost instant access to the owner’s address book, browser, mail, bookmarks, emails, and stored text messages.

“The minor iPhone security issue which surfaced this week is fixed in a software update which will be released in September,” Apple representative Jennifer Bowcock wrote in an email. However, Bowcock did not say when the software update will be ready.

However, if you are an iPhone owner and want to avoid the situation in which someone hacks into your phone, simply set your phone to have double clicking the home button take you to the home screen where the unlock code is required.

The last Apple software update was released just a week ago and was meant to fix the iPhone 3G’s connection hiccups to 3G networks. The company received numerous user complaints about the handset’s flaw of switching from the faster 3G network to slower ones.