British network operator 02 told BBC News that the software patch would be available Saturday through iTunes. Calls to Apple's press relations team from DailyFinance to confirm the release of the patch were not immediately returned.
The potential hack into cell phones could effect Apple's iPhones as well as phones using Windows Mobile and the Google (GOOG) Android operating system.
As DailyFinance reported, Charlie Miller and Collin Mulliner analyzed the flaw at the Black Hat conference in Las Vegas Thursday. An attack would come in the form of a text message containing a box. Once it arrives, the hacker could gain access to some of the phone's applications.
Miller and Mulliner predicted that hackers could exploit the weakness in less than two weeks and said they were discussing it at the conference so that Apple would address the issue. Reportedly, they disclosed the problem to Apple six weeks ago.
"If we don't talk about it, somebody is going to do it silently. The bad guys are going to do it no matter what," independent security expert Mulliner told BBC News.They said they also disclosed the information to Google, which had already taken steps to address it.
Anthony Massucci is a senior writer for DailyFinance. You may follow him on Twitter at hianthony.