WPA2 vulnerability found

That's gonna be huge guys.
Malicious insiders can exploit the vulnerability, named "Hole 196" by the researcher who discovered it at wireless security company AirTight Networks. The moniker refers to the page of the IEEE 802.11 Standard (Revision, 2007) on which the vulnerability is buried. Hole 196 lends itself to man-in-the-middle-style exploits, whereby an internal, authorized Wi-Fi user can decrypt, over the air, the private data of others, inject malicious traffic into the network and compromise other authorized devices using open source software, according to AirTight

The Advanced Encryption Standard (AES) derivative on which WPA2 is based has not been cracked and no brute force is required to exploit the vulnerability, Ahmad says. Rather, a stipulation in the standard that allows all clients to receive broadcast traffic from an access point (AP) using a common shared key creates the vulnerability when an authorized user uses the common key in reverse and sends spoofed packets encrypted using the shared group key.

How it works:

WPA2 uses two types of keys: 1) Pairwise Transient Key (PTK), which is unique to each client, for protecting unicast traffic; and
2) Group Temporal Key (GTK) to protect broadcast data sent to multiple clients in a network. PTKs can detect address spoofing and data forgery. "GTKs do not have this property," according to page 196 of the IEEE 802.11 standard.Because a client has the GTK protocol for receiving broadcast traffic, the user of that client device could exploit GTK to create its own broadcast packet. From there, clients will respond to the sending MAC address with their own private key information.