A new hacker team fail0verflow has managed to find a new way to jailbreak PS3.They have determined how to calculate the numerical keys needed to sign software so any custom software can be loaded on the PS3.The hackers team announced that they had been able to break PS security in a missive way.
Fail0verflow is basically the code name for security exploit that has been discovered in the PS3 system. This has been officially quoted as “an EPIC FAIL from Sony” found in the PlayStation 3 gaming console. Hackers named Bushing, Marcan and Sven presented “fail0verflow” to the hackers community explaining how it can overflow the PS3′s bootup via replacing the NOR flash on startup.
According to the hackers, “PS3 has totally failed in security”. The signing keys are available right inside everyone’s PS3 Console which can allow anyone to sign a bundle and execute it on any retail PS3 system.
It means is that dongle-less jailbreak should come to PS3 soon by overflowing the bootup NOR flash. Also, the latest PS3 Firmware (v3.55) is completely vulnerable to fail0verflow exploit and a permanent jailbreak solution is on its way pretty soon.
Fail0verflow mentioned that its goal is to allow Linux to be run on PS3.
Checkout the video below.