Hacker Group Claims to Have Cracked All PS3 Security
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fail0verflow, the group responsible for the Wii’s Homebrew Channel, claimed to have discovered the private key used to validate all code running on PlayStation 3s at the Chaos Communication Conference.
While fail0verflow claims the discovery was not made to promote piracy, it could certainly be used to that end. According to a tweet, fail0verflow plans to use this information to restore Linux operability to PlayStation 3 firmware. The presenters make a valid point in their presentation though – for over four years, the PlayStation 3 was never hacked, but a mere twelve months after pulling Linux support, the system was cracked open to allow the run of custom software. An interesting thought.
If computer security piques your interest, check the full presentation over PSX Scene.

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[...] the PS3 hacks recently discovered and released by hacking group fail0verflow are too hefty for another two hour system update to fix (but lord knows that won’t stop them [...]