MS Passport flawed
Microsoft has admitted that for the last seven months up to 200 million Passport accounts have been vulnerable to plundering by thieves and malicious hackers.

The loophole in the online identity service only seems to have been exploited in the last month and Microsoft said it had locked all compromised accounts and fixed the bug. [BBC]

I read a gem of a statement some days ago while browsing The Hundredth Window

Dont say the word secure, if you are talking about computer systems. - Donald H. Rumsfeld