Many pixels have been spilled describing the huge security scare which emerged last week. The bug allows internet bad guys who are on your wireless network to "listen in" on your web browsing, even if that website is encrypted with SSL; and yes, this is a big deal.
The good news is that if you're surfing the web on a password protected network, you're most likely fine. But let's be honest; we're not fine with "most likely."
The better news is that Apple released software updates to squash this nasty bug. iPhones and iPads running iOS 6 or 7, and Macs running Lion, Mountain Lion, or Mavericks can all be fixed simply by updating your software.
What can we learn from this? For starters, Apple isn't perfect. We Macinstructors probably love Apple at unhealthy levels, but realistically, it's a company made by humans -- and we're not so super at being flawless. Secondly, this only reinforces that it's never really a good idea to do your banking on a public wireless network. Online transactions of any sort need to be conducted on trusted, secure networks. Thirdly, we can trust that Apple will act in the customer's best interest and push out security fixes relatively fast.
UPDATE: Macworld has a wonderful FAQ about this whole debacle. View here.