AllThingsD carried word today from Apple spokeswoman Trudy muller that the iPhone maker is working on a solution to the issue.
"Apple takes user security very seriously," Muller said. "We are aware of this issue and will deliver a fix in a future software update."
Muller gave no details on when such an update might be released.
News of the exploit broke yesterday when JailBreak Nation posted a step-by-step guide to bypassing iOS 6.1's passcode lock feature. The vulnerability is nearly identical to one that appeared in October of 2010.
Using the bypass process allows one to view and modify contacts, listen to voicemail, and browse a user's photos. It does not appear, however, to grant access to email or the web.