Together with iOS 4.3.5 for the GSM iPhones, iPod touches and iPads, Apple has also released iOS 4.2.10 specifically for the Verizon iPhone 4.
Just minutes ago, Apple released iOS 4.3.5 and 4.2.10 for iOS devices. This firmware update addresses a critical security issue.
Jailbreakers should stay away from this update, as there is no jailbreak for this firmware as of now.
Verizon iPhone users click here to download iOS 4.2.10 (direct link).