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Today, Google started rolling out a server-side patch that addresses the issue for all versions of the Android OS. The update is global and automatic, requiring no software update on the user end. Google expects the rollout to be completed and affecting all devices worldwide within the week.
The patch addresses the problem with authentication tokens for both Google Calendar and Google Contacts. Android engineers are still looking into the issue with Picasa.

Source : http://blogs.computerworld.com/18308/google_android_security_flaw

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