Sony has said it is currently “looking into” claims make by hacking group Fail0verflow and GeoHot, a.k.a. George Hotz, regarding compromised security features on PS3.
According to Sony, it plans to “fix the issues through network updates” and due to the matter being a “security issue”, told Develop it was unable to comment further on the matter.
A Fail0verflow member’s comment contrasts with Sony’s, as according to him, the only way to fix the issue is through new hardware, as a firmware update would be futile.
Fail0verFlow apparently reverse engineered PS3’s system, thus gaining control over it.
GeoHot found the console’s root key and published it, thus allowing folks to create homebrew applications and the like.
Both, however, are “staunchly anti-piracy” and have yet to release any tools which would allow the console to play copied games.