On Slashdot, xs3 writes:

At a recent ISSA (Information Systems Security Association) meeting in Los Angeles, a team of FBI agents demonstrated current WEP-cracking techniques and broke a 128 bit WEP key in about three minutes. Special Agent Geoff Bickers ran the Powerpoint presentation and explained the attack, while the other agents (who did not want to be named or photographed) did the dirty work of sniffing wireless traffic and breaking the WEP keys. This article will be a general overview of the procedures used by the FBI team.