TippingPoint's 3rd annual Pwn2Own contest has already shown significant security breaches on Apple's Safari, Mozilla's Firefox and Microsoft's Internet Explorer 8, but Google's Chrome was the only browser that made it through the first day of testing this year.
One of the contestants, Nils was able to exploit the latest Internet Explorer 8 which was released just few days back. The blogosphere and news websites picked it up and very soon it became the hot news around. When people were worried about IE8's security, MSRC (Microsoft Security Response Center) had already reproduced and validated the IE8 vulnerability in less than 12 hours.
Microsoft is expected to release a security patch for this vulnerability very soon. It is infact surprising to see that IE team acted so fast even when they were busy at MIX09!
You can visit TippingPoint's blog for more information.
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