2003 AT&T paper on Master Key vulnerability. Creating master keys (will open any lock in a series, say, an apartment building) is easy given just any normal key and several blanks.

Quoted: 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.

Learn the details of "bumping" - opening a pin lock by tapping a filed down key blank. The upper pins ballistically fly above the tumbler line, and the lock opens with one tap. Wow.