WPA partially broken

"Security researchers say they've developed a way to partially crack the Wi-Fi Protected Access (WPA) encryption standard used to protect data on many wireless networks.

The attack, described as the first practical attack on WPA, will be discussed at the PacSec conference in Tokyo next week. There, researcher Erik Tews will show how he was able to crack WPA encryption and read data being sent from a router to a laptop computer. The attack could also be used to send bogus information to a client connected to the router."

Link.