In the first official acknowledgment of the security vulnerability in the kernel of Galaxy S III and Note II smartphones, Samsung stated that it is aware of the issue and plans to provide a software update “as quickly as possible.”
Company also noted that a malicious app can only make use of this security breach and credible/authentic apps users don’t need to worry.
Here is the full statement that company gave to AC:
Samsung is aware of the potential security issue related to the Exynos processor and plans to provide a software update to address it as quickly as possible.
The issue may arise only when a malicious application is operated on the affected devices; however, this does not affect most devices operating credible and authenticated applications.
Samsung will continue to closely monitor the situation until the software fix has been made available to all affected mobile devices.
The security vulnerability was first discovered over the weekend and we have already seen third-party patches for the issue, but none of them are final.