SpuriousLogic writes "The annual Pwn2Own contest at CanSecWest is underway, and on the first day Web browsers fell to attack. Internet Explorer 8 and Firefox 3.6.2 on 64-bit Windows 7 and Safari on OS X all were forced to run exploit code. To add insult to injury, an iPhone was cracked and the SMS database lifted from it."
Updated 22:40 GMT by timothy: CWmike adds this interesting bit: "The only researcher to three-peat at the Pwn2Own hacking contest said on Thursday that security is such a 'broken record' that he won't hand over 20 vulnerabilities he's found in Apple's, Adobe's and Microsoft's software. Instead Charlie Miller will show the vendors how to find the bugs themselves."
Read more of this story at Slashdot.