While we wait for the final judgment on the privacy implications of the Carrier IQ fiasco, security pros are asking what the potential security implications of the embattled mobile diagnostic software could be.

Carrier IQ has vehemently denied capturing detailed personal information regarding specific customers. "Our software does not record, store or transmit the contents of SMS messages, email, photographs, audio or video," the company said in a statement as we reported earlier this week. "For example, we understand whether an SMS was sent accurately, but do not record or transmit the content of the SMS."

The question for security managers and those interested in ensuring that the data on their devices stays secure is how much, if any, does the Carrier IQ software increase risk?

"Imagine if what we saw in the video by Trevor Eckhart was something one could capture remotely," says Mark Rasch, director of cybersecurity and privacy consulting at CSC. "Still, nothing I've seen indicates that the data flowing through the application is permanently stored and transmitted anywhere."