Doug McCune, world renowned expert on Adobe Flex/AIR and recently published Author, recently put on a presentation in England regarding decompiling SWFs. He covered many of the free and commercial applications used for both compiling and decompiling SWFs, and also the benefits/issues with obfuscation and encryption.
Doug has presented something very cool for people to think about – and he even plugged Nitro-LM in the process (mention as a commercial solution – not an endorsement). As a side note, Nitro-LM already embraces his recommendations for security.
The material presented by Doug can be easily applied to other languages and technologies – they all suffer the same issues. His presentation is worth the read. Click below to check it out: