Being a crypto nerd I found this fascinating. In 2003 some dude from ATT research figured out how to cheaply make a the master key if you already had a non master key to the system. It just required some key blanks and little bit of time. It's old but, still cool
http://www.crypto.com/masterkey.html
http://www.crypto.com/masterkey.html
The threat
In a recent research paper, we describe weaknesses in most master-keyed lock systems, such as those used by offices, schools, and businesses as well as by some residential facilities (particularly apartment complexes, dormitories, and condominiums). These weaknesses allow anyone with access to the key to a single lock to create easily the "master" key that opens every lock in the entire system. Creating such a key requires little skill, leaves behind no evidence, and does not entail engaging in recognizably suspicious behavior. The only materials required are a metal file and a small number of blank keys, which for many locks are readily available.
In a recent research paper, we describe weaknesses in most master-keyed lock systems, such as those used by offices, schools, and businesses as well as by some residential facilities (particularly apartment complexes, dormitories, and condominiums). These weaknesses allow anyone with access to the key to a single lock to create easily the "master" key that opens every lock in the entire system. Creating such a key requires little skill, leaves behind no evidence, and does not entail engaging in recognizably suspicious behavior. The only materials required are a metal file and a small number of blank keys, which for many locks are readily available.