CAPTCHA stands for "Completely Automated Public Turing test to Tell Computers and Humans Apart".
Official CAPTCHA site is http://www.captcha.net/
In simple words, CAPTCHA is a program that can generate and grade tests that:
- Most humans can pass, BUT
- Current computer programs can't pass
Gmail CAPTCHA busted: Very informative article, completely describes the CAPTCHA hacking process, their discovery of the host machine, use of two bots than one since Gmail CAPTCHAs are tougher than others, etc. etc. (implies spam coming from Google's IP addresses!) Spammers are able to create still only with 20% success rate (I realize its quite huge, but compared to Hotmail at about 60%, this is better)
An article on Breaking Gmails' Audio CAPTCHA
Yahoo CAPTCHA security broken. Another article on Yahoo security broken. One more here.
Hotmail CAPTCHA cracked. Another good article: Hotmail CAPTCHA broken in 60 secs
Accidentally, found this site: WebSense which has its SecurityLabs. In its own words:
"Websense Security Labs discovers, investigates, and reports on advanced Internet threats that traditional security research methods miss."
This seems to be a site which needs frequent revisits from now on. Especially after observing their analysis on Breaking GMail Captcha.