WPA Wi-Fi Encryption Key Is Cracked

Security researchers, Erik Tews and Martin Beck report to have developed a way to partially crack the Wi-Fi Protected Access (WPA) encryption standard used many wireless networks.
The attack procedure will be further detailed at the PacSec conference in Tokyo next week. Researchers will demo how they managed to break the Temporal Key Integrity Protocol (TKIP) key used by WPA encryption, within a short time period (12-15 minutes) in order to read data being sent from a router to a laptop computer. However, they did not manage to crack the encryption keys used to secure data being exchanged between the computer and the router.
Researchers are planning to publish their work a dedicated journal in the coming months. More important for users and corporates, part of the code used in the attack was already added Beck's Aircrack-ng Wi-Fi encryption hacking tool two weeks ago.
As WEP and WAP do not look safe anymore, users and corporate relying on wireless network, will have to now adopt WPA2 (or WPA-AES), much more robust encryption protocols; but for how long…