Every time Apple updates iOS it seems that the jailbreaking community get disbanded temporarily. This is typically down to the fact that a big percentage of device owners update their handset to the latest Apple OS and this cannot be undone, which leaves them waiting for the latest jailbreak to arrive.
This has been seen with the update to iOS 7.1 as owners of the device have complained that they have lost the jailbreak. There is a way that owners can revert back though and they need iTunes to do it.
They can downgrade to iOS 7.0.4 thanks to firmware download being available on numerous websites. Check out the information below to downgrade.
1. Connect your device (iPhone 4,4S,5,5s,5c) to the computer and launch iTunes (latest version)
2. Boot the device into DFU mode by pressing the Power and Home button simultaneously for about 10seconds. After that, release the Power button only and iTunes will read that the phone is in recovery mode.
3. Hold the shift key on your keyboard and select restore on iTunes. (Alt/Option key for Mac).
4. Select the files downloaded earlier and the installation should commence and complete accordingly.
For the time being this is the only way in which owners who have mistakenly updated to the latest OS are able to revert back. For the time being until the jailbreakers speak out about the risks of updating to iOS 7.1, device users should be patient and may want to avoid updating.