titus writes "Security researchers Yoann Guillot and Julien Tinnes have found a way to encode malicious code into smileys and provided a proof of concept encoder to automate the process. The researchers said their discovery paves the way for IM malware that would be impossible to detect since the malicious code would be 'indistinguishable from genuine chat messages.' I've tested the proof of concept code which works very well. Time to panic?"
"More software projects have gone awry for lack of calendar time than for all
other causes combined."
-- Fred Brooks, Jr., _The Mythical Man Month_