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Does BEAST SSL tool represent an SSL threat?

A pair of researchers recently created a tool called Browser Exploit Against SSL/TLS, or BEAST, which enables an attacker to intercept and decrypt SSL cookies on the same network by performing a "blockwise-adaptive chosen-plaintext" attack on encrypted packets. Does this BEAST SSL tool give attackers a powerful new weapon to break SSL/TLS encryption; how much of a risk does it pose to enterprises, and are there any mitigation tactics that can be put in place?

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