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kowenicki said:

Right I haven't been following this situation.  Can someone summarise the problem?

Is the PS3 and PSN unusually vulnerable in this hack?  Has Sony unwittingly left a gaping hole in their security which could compromise the whole network?  Is this any worse than the 360 situation?  If not then what is all the fuss about?... just patch and wait then patch again... no?

Essentially this is what happened, every PS3 can read the firmware and decrypt it with the public key to install it. Hackers gained access to the public key when they hacked the system. Thats ok though because the public key is meant to be out in the open and therefore it's vulnerability is accounted for. With the public key the hackers could take Sony's firmware apart and decrypt it and study it but they couldn't put it back together and create custom firmware. What Geohot did was find the private key of Sony. Now hackers can take PS3 firmware apart, modify it and then resign it as if they were Sony to be accepted by any PS3.

 



Tease.