What are the risks of jailbreaking my iPhone?

Alright so I've had my phone now since Saturday and I'm already bored of not being able to have any freedom with this device. Because I have no insurance I don't want to be ruining my phone. I'm running on the latest ios 7.1.1, please can somebody give me advice on this as there's nothing on the internet anywhere else.
Regards,
Jordan Ellis

Well, Jordan, today is your lucky day. Nobody could jailbreak 7.1 until the just the other day. Insurance wouldn't matter because if something goes wrong with your jailbreak, it voids you're warranty so Apple won't touch it, and the insurance company doesn't cover it. Read carefully on how to install. The liability and risk is all your's. Your choice, your phone. Best luck. See the link.

http://gizmodo.com/...1595220269

http://9to5mac.com/...ngu-video/

http://cydia.ws/cydia-ios-7-1-1/

More freedom means opening it up to viruses and malware. There's reason why you don't need to run virus detector software on iphones. Your choice.

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