Below is more of "how to get there" sort of answer so if you've already got answer for it, ditch it or else read on.
I suppose the best way to get answer is to ask in their respective ML / Newsgroup etc. IRC is also a good option. One way -> Sit simultaneously on say #security and #php, then try to ask people questions relating to how an attacker might circumvent the captcha using automated bots etc. Try to ask questions as much as you can and learn how things are done and as freenode is pretty cool about all this. You should get upto speed with how to prevent it.
Sorry, can't be of much help. Also, try Googling and ask our friends @ nepsecure GG.
cheers