Yesterday, Stefan published a paper describing a vulnerability in WPS that allows attackers to recover WPA/WPA2 keys in a matter of hours ( http://sviehb.wordpress.com/2011/12/27/wi-fi-protected-setup-pin-brute-force-vulnerability/ ).
Code has been posted to implement the attack: http://www.tacnetsol.com/news/2011/12/28/cracking-wifi-protected-setup-with-reaver.html
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