Miley has a tattoo read "Just Breathe" under her left breast, and the woman in question doesn't have it. The other things that further question the racy picture is that the woman's face is not shown in the image and also she is skinnier than the Disney star.
The rumor of Miley's nude picture hit the web along with a story that her iPhone was stolen. The photo was reported to be taken in a sexting session during her brief stay at the Westin Palace hotel following the recent MTV Video Music Awards.