I'm sure that you've heard about the infamous PS3 firmware hack such as the PS Jailbreak, and that Sony had many troubles with it. It looks like that is set to continue and Sony will face more trouble with custom firmwares because there's now a new technique that would let users crack the PS3's loader.

Hacking team, Fail0verflow, has developed a new technique that cracks the PS3's loader and gives the user complete control over the system. The team has managed to calculate private keys to the system, due to poor security, and thanks to these keys, the hacking community can now sign their own code with ease. Of course, with Sony's already vulnerable current v3.55 PS3 firmware, it will be difficult for Sony to fix this.

As for this tool, we should see it out next month, we'll keep you posted.

[via Geeky Gadgets,�Ubergizmo]